Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) is poised to invest about $100 million in Malaysian carrier group AirAsia, Bloomberg reported, citing people familiar with the matter. 
The low-cost carrier is raising funds and offering investors up to a 15 percent stake at a $2 billion valuation.
The Public Investment Fund (PIF) would play the single biggest role in an AirAsia fundraising targeted at around $226 million. The Malaysian airline group is in talks with other prospective investors, including from Singapore and Japan, the sources added.
Logo of Public Investment Fund (PIF)
The Public Investment Fund (PIF) is poised to invest about $100 million in Malaysian carrier group AirAsia, Bloomberg reported, citing people familiar with the matter.
The low-cost carrier is raising funds and offering investors up to a 15 percent stake at a $2 billion valuation.
The Public Investment Fund (PIF) would play the single biggest role in an AirAsia fundraising targeted at around $226 million. The Malaysian airline group is in talks with other prospective investors, including from Singapore and Japan, the sources added.
