PETALING JAYA: AirAsia Bhd's acquisition of Indonesia's Batavia Air is a strategic move on the part of the low-cost carrier as it will boost market share and enhance its route network, according to analysts.
“The acquisition will immediately see AirAsia's combined Indonesian market share shoot up from the current 2% to 14%, which will greatly bolster the group's overall traffic network,” OSK Research said in a report on the purchase.
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