AirAsia founder Tony Fernandes began talks with bankers to take Asia's number one budget airline private after a plunge in its stock price put $200 million worth of loans borrowed against AirAsia's shares at risk.
Disposals also likely, clients to be cut -CEO memo to staff
AirAsia has come under scrutiny since June when GMT Research issued a critical report questioning its accounts.
India's biggest airline IndiGo is set to file the prospectus next week for a domestic stock market listing.
SpiceJet has cut capacity by reducing its fleet to 35 Boeing 737 aircraft from 42 in December.