AirAsia Group To Be Realised By March 2018
104 views · Published 9 January 2018 · 1:00 · Indexed 27 October 2026
Channel: 7Edition · 2018 · News & Politics
The formation of AirAsia Group Berhad, which will later assume the listing status of low-cost airline, AirAsia Berhad on Bursa Malaysia is expected to be completed by March 2018. AirAsia Bhd Group Chief Executive Officer, Tan Sri Tony Fernandes said under a one-for-one share swap deal, AirAsia Group which will be led by himself will take over AirAsia Berhad and assume its listing status as an investment holding entity while AirAsia will focus on its airline operations. He was speaking after the group's Extraordinary General Meeting, EGM which saw almost 100 percent approval on the formation of the AirAsia Group on Monday. The new holding company of all AirAsia's ASEAN associates, will streamline the existing operations, various businesses, activities and assets in Malaysia and various regional affiliates. (Soundbite of Tan Sri Tony Fernandes/Group Chief Executive Officer, AirAsia Berhad)
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