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AirAsia unveils three new foreign partners
Published:  Jun 27, 2003 8:06 AM
Updated: Jan 29, 2008 10:21 AM

No-frills airline AirAsia today named three foreign partners who will inject US$26 million to enable the profit-making carrier to expand regionally.

The investors are the Bahrain-based Islamic Development Bank (IDB), Gulf-linked Crescent Venture Partners and Deucalion Capital, a Frankfurt-based global private equity fund, the airline said in a statement.

The new partners invested in AirAsia at a valuation of US$100 million, and IDB now holds 10 percent, Crescent nine percent and Deucalion seven percent.


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