The airline's trying to raise 2.2 billion dollars to pay off debt and help with its recovery.
It's offering existing shareholders 1.2 billion dollars' worth of new shares at a 60 percent discount.
The Herald's Duncan Bridgeman says and James Daniels] that offer will reduce the value of the stocks they already own.
He says new investors will need to analyse this carefully, because there's a lot of risk investing in an airline.
