AirAsia not aware of privatisation reports

AirAsia Bhd has no knowledge on wire and media reports saying that it would be taken private.

In a filing to Bursa Malaysia today, Asia's largest budget carrier said it was first made aware of the privatisation rumour since it surfaced in August this year with the company's shares being actively traded.

"This was just prior to the company announcing its proposal for a share buy-back of up to ten percent on Sept 18, 2015," it said.

The airline said it was in discussion with certain bankers to partially finance the buy-back of these AirAsia shares.

It said the circulars to the shareholders were currently being drafted in preparation for the coming extraordinary general meeting, tentatively set for November this year, where shareholders' approval would be sought for the proposed share buy-back.

AirAsia was the most-actively traded stock on Bursa Malaysia in the morning today which saw its shares up nine sen to RM1.34 with 69,75 million shares traded.