In an interesting twist of the company’s history, AirAsia parent company Capital A is selling its airline business AirAsia to AirAsia X, the low-cost long-haul sister airline that was established in 2007. With the proposed transaction, AirAsia should benefit from a better focus on its aviation activities, Capital A CEO Tony Fernandes said on January 8.
AirAsia X and Capital A have agreed on a non-binding letter of acceptance to acquire AirAsia Berhad and AirAsia Aviation Group Ltd for an undisclosed sum. The transaction combines the long-haul operations of AirAsia X and the short and medium-haul network of AirAsia Berhad in Malaysia, Thailand, Indonesia, the Philippines, and Cambodia.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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