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AirAsia owner Capital A says $226 million private placement is 'done'

Reuters
Summary
Nutrition label

78% Informative

Malaysia 's Capital A , owner of budget airline AirAsia , is seeking to exit PN17 status to maintain stock exchange listing.

Saudi Arabia's sovereign wealth fund is reportedly set to invest $100 million in AirAsia .

AirAsia was founded in 2001 with two aircraft and has since become one of Asia 's largest budget airline operators.

VR Score

90

Informative language

97

Neutral language

38

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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