AirAsia - Privatisation plan fails due to tight credit market conditions
AirAsia on 05-Dec-08 confirmed its major shareholder, Tune Air Sdn Bhd, was “unable to secure financing on acceptable terms and conditions from financial institutions to fund the potential privatisation exercise of AirAsia”, due to “tight credit market conditions”. Accordingly, Tune Air is “unable to form a firm intention to proceed with the potential privatisation exercise of AirAsia”. [1042 words]
Unlock the following content in this report:
- Expects "record fourth quarter"
- In the perfect position to capture more corporate market share
- Ramps up presence on Singapore-KL route
- New India service
- Continues to adopt a "contrarian approach" and expand its way out of a recession
Graphs and data:
- AirAsia passenger numbers and forecast: 2002 to 2008F
- Singapore-Kuala Lumpur capacity breakdown by carrier (seats per week as % of total): Week commencing 15-Dec-08
- Selected Asia Pacific Carriers passenger capacity vs passenger capacity growth for the nine months ended 30-Sep-08
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