PT Rimau Multi Putra Pratama Tbk intends to acquire PT Indonesia Airasia. The shareholders of Rimau have approved the company’s plans to raise IDR 3.4 trillion through a rights issue to buy Indonesia AirAsia. Rimau will use 76% of the proceeds, or IDR 2.6 trillion, to buy Indonesia AirAsia’s perpetual securities that would eventually be converted into equity, Donny P. Pratono, commissioner of Rimau, said. “We see a good prospect in the airline business,” he said.