Shares rose slightly on Wednesday after the company's trading debut in raising $ 310 million this year, Malaysia's largest IPO.
AirAsia X shares topped the list of the most active, rose slightly to 1.27 ringgit (40 cents) midday its IPO price of 1.25 ringgit (39 cents), or 1.6% of the premium.
IPO on the occasion of the global market, a period of instability, including the public offering of 592,600,000 shares and 197,500,000 existing shares sold.
AirAsia X has said it will use proceeds from the public offering of 741 million ringgit (U.S. $ 2.33 million yuan) of the proceeds to repay bank debt and to fund its expansion as Scoot Singapore Airlines and Qantas Airways Jetstar competition because of its gear.
Asian air travel is expected over the next 20 years, an annual increase of 6.7 percent from 2010 to 7.8 million passengers in 2030 to approximately 2.2 billion. Now have a budget airline AirAsia travel market quarter, and is still increasing.
AirAsia X, which was launched in late 2007, flies across Asia, Australia and the Middle East 14 destinations.
Analysts say, IPO will push AirAsia X, as it seeks to establish a new hub to strengthen its network. AirAsia X cuts flights in Europe last year, focusing on more profitable routes in Chengya Zhou district.
2.5 million passenger trips in 2011 and aim to increase its 700 million passengers in 2014. Profit of 33.85 million ringgit ($ 10.6 million) in revenue last year 128 million ringgit ($ 402 million).
 



Other News:
Japan says faces increasing threats from China, North Korea
AirAsia X rises in trading debut after $310M IPO
U.S. investigators en route to scene of fatal Alaska plane crash
Lawmakers urge firm U.S. line on China in bilateral talks
Insight: How a train ran away and devastated a Canadian town
Texas House approves sweeping abortion restrictions
White House projects shrinking deficit
Natural gas well leaking in Gulf off the La. coast