AirAsia X (D7, Kuala Lumpur International) plans to raise USD308.8million (MYR987.7million) via a July 10 initial public offering (IPO) on the Kuala Lumpur Stock Exchange (KLSE) to aide its fleet expansion as it targets buoyant travel demand in the Asia-Pacific region. AirAsia X intends to add thirteen A330-300s to its fleet over the next two years, the first of which was recently delivered by the International Lease Finance Corporation (ILFC). Shares are set to open at MYR1.25 per share with a 33% tranche in the Asian long haul operator open to the public.