AirAsia gets P3 billion more to expand route, upgrade fleet (Business Mirror (Philippines))

SHAREHOLDERS of budget-carrier operator Philippines AirAsia Inc. are infusing more money into the airline for next year, increasing the firm’s capital stock to P5 billion to finance the lease of five more aircraft for 2016. Over lunch on Tuesday, Philippines AirAsia CEO Joy D. Caneba said her carrier’s board has approved a capital infusion of up…