PIF plans to invest $100M in AirAsia: Report

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.