AirAsia lobbying Jakarta not to enforce funds ruling

CIMB Research said the ruling would result in a loss of jobs and reduce competition in the aviation marketplace.

KUALA LUMPUR: CIMB Equities Research believes AirAsia is actively lobbying the Indonesian government not to enforce the end-July deadline for all airlines to have positive shareholders’ funds.

The research house said on Wednesday the move would result in a loss of 2,000 jobs and entrench Lion Air’s market dominance.