AirAsia shares down on concerns over fate of unit IAA


PETALING JAYA: Concerns that PT Indonesia AirAsia (IAA) may be shut down by the end of this month has caused AirAsia Bhd’s shares to fall as much as 23 sen, wiping out a whopping RM640mil from its market capitalisation.

IAA, however, said the suggestion that its operational licence would be called into question was not accurate.

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