KUALA LUMPUR (AFP) – Malaysian conglomerate Capital A said yesterday it had finalised a MYR6.8 billion (USD1.4 billion) deal to merge its airline affiliates under a new listed entity to be called AirAsia Group. Capital A, which is led by mogul Tony Fernandes and includes a logistics business and digital payment Bigpay, said in January […]
Malaysia conglomerate to sell budget carrier to AirAsia X thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
Shukor Yusof, an analyst with Singapore-based Endau Analytics, told AFP the merger was "natural", but could be a sign of a downturn in the region s aviation sector. Fernandes, a flamboyant former music industry executive, launched AirAsia as a low-cost airline flying to secondary cities in Southeast Asia, shaking up the region s aviation sector and inspiring a slew of competitors.
Malaysia Conglomerate To Sell Budget Carrier To AirAsia X barrons.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barrons.com Daily Mail and Mail on Sunday newspapers.