Share swap deal: AirAsia's Fernandes to gain 20% stake in MAS

*Khazanah clarified Sunday that it will remain the biggest shareholder in Malaysia Airlines (MAS). See media statements from Khazanah and AirAsia below.

KUALA LUMPUR: Malaysia Airlines (MAS) and AirAsia will swap shares in a surprise deal which will see Tan Sri Tony Fernandes becoming the single biggest shareholder.