Tag Archives: money

AirAsia X out of money, needs USD 120 million for restart

AirAsia X out of money, needs USD 120 million for restart

Long-haul low-cost carrier AirAsia X has run out of money and needs to raise up to MYR 500 million (USD 120.60 million) to restart the airline. This was revealed by deputy chairman of the company Lim Kian Onn. The Malaysian airline, the long-haul arm of AirAsia Group said this month it wanted to restructure MYR […]

APAC VCs put money in early-stage funding rounds

APAC VCs put money in early-stage funding rounds

Early-stage funding rounds (comprising Seed and Series A funding rounds) dominated the venture capital (VC) funding landscape during the fourth quarter (Q4) of 2020 in the Asia-Pacific (APAC) region, according to data company GlobalData. The number of deals with disclosed funding rounds increased by 3.6% from 361 in October to 374 in November before decreasing […]

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