MAS-AirAsia deal collapses - TTG Asia - Leader in Hotel, Airlines, Tourism and Travel Trade News
 
Friday . October 24 . 2014
         
Follow TTG Asia on Twitter
TTG ASIA this week
TTG Asia Luxury
 
Share |
MAS-AirAsia deal collapses
N. Nithiyananthan, Kuala Lumpur, May 2, 2012
 

THE SHARE swap deal between Malaysia Airlines (MAS) and AirAsia is off, confirming earlier rumours that a combination of union pressure, concerns over conflict of interest and the upcoming general election would force the national carrier’s hand over the issue (TTG Asia e-Daily, April 30, 2012).

 

Trading of MAS and AirAsia shares has been suspended to make way for an official announcement later today.

 

The dissolution of the comprehensive collaboration framework signed last August is likely to see AirAsia’s Tony Fernandes and Kamarudin Meranun exit the MAS board.

 

On the flip side, the cooperative spirit of the agreement is set to continue, with MAS and AirAsia expected to persist in collaborations on procurement, pilot training, and maintenance support and repair services, in an attempt to secure cost savings.

 

The carriers are expected to establish several joint venture companies to facilitate this collaboration.

Print Top Stories
 
COMMENTS
 
Editor's pick >
   
An independent streak

by Xinyi Liang-Pholsena

App, app and away

by Prudence Lui, Caroline Boey, Paige Lee Pei Qi, Rohit Kaul, S Puvaneswary, Kathy Neo

Millennial travellers more diverse than you think

by Carolyn Childs

Seeing red and blu

by Raini Hamdi

Mid-east carriers power ahead

by Sim Kok Chwee