AirAsia to recapitalise Indonesia affiliate to meet equity rule


AirAsia Bhd CEO Tony Fernandes

KUALA LUMPUR: AirAsia Bhd CEO Tan Sri Tony Fernandes said on Monday the company will recapitalise its Indonesian affiliate so that the unit can meet a rule set by the country's transport ministry.

"We've always said that we're re-capitalizing the airline and we will. There's not a second of worry that AirAsia Indonesia will close down because of equity regulations," he said.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Record gold rally cools Indian buying; China discounts narrow
China's PBOC signals caution on rapid yuan gain as it nears key 7 mark
Asian equities eye strong weekly gains; Taiwan, S.Korea lead tech-driven surge
PETRONAS Gas announces revised RP3 gas tariffs
Oil rises slightly as market weighs supply risks
Gas Malaysia distribution tariff set at RM1.880/GJ/day under RP3
China's steady foreign trade growth expected to anchor global stability
Seven states see trade growth in November as exports climb 7%
Malaysia's economy remains resilient in 2025 amid tariff wars, geopolitical turbulence
NationGate unit to acquire Valeo Malaysia for RM60.89mil cash

Others Also Read