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.