Investors become concerned after little-known firm GMT Research
issued a report on 10 June, saying the airline used transactions with
associate firms to increase earnings.
Since then, its shares have fallen almost 30%, according to Reuters.
AirAsia responded to the claims, but that did little to reassure investors.
It made its first official response to the slide in shares on Wednesday in a filing to the stock exchange,
saying the management wanted to assure investors that it had "a solid
footing, strong balance sheet, [is] rich in assets and [has a] good
business outlook".
Asia's biggest low-cost airline added that its
accounts were transparent and in accordance with local and international
accounting standards.
Chief executive Tony Fernandes also told
Reuters at the Paris Air Show that the airline had "so many" cash
raising opportunities in its fleet, investments and national cash
operations that it did not need a capital increase.
But earlier
this week, Mr Fernandes had written to investors that the company
planned to raise almost $300m (£190m) from bond issues at its
loss-making subsidiary in Indonesia and the Philippines.
He said the airline would sell and lease back up to 20 planes.
AirAsia was involved in a deadly crash in December when one of its carriers crashed into the Java Sea off of Indonesia, killing all 162 people on board.
Its shares have erased some of the earlier losses in volatile trade and were down almost 8% in the afternoon.
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