AirAsia announced (15-Jan-2010) 50.36% of the issued and paid-up share capital of the carrier were held by foreigners as at 31-Dec-2009, thus exceeding the 45% limit of the carrier's total issued and paid-up share capital. Pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996, shares held by foreigners which are within the Prescribed Limit shall be entitled to all rights and entitlements attached to the shares. However, shares held by foreigners which have exceeded the limit shall also be entitled to all such rights and entitlements, except for the exercise of voting rights. [more]
AirAsia announces foreign ownership exceeds limits
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AirAsia Part 3: Philippines AirAsia plans 2016 growth as it establishes new secondary hubs
AirAsia’s operation in the Philippines is entering a new phase which the group hopes will lead to profitability in 2016 and eventually an initial public offering. Growth is also expected to resume in 2016, ending a phase of consolidation and fleet reductions.
The AirAsia Zest brand will be retired by the end of 2015 in favour of the Philippines AirAsia brand. AirAsia has already completed the transition to a single operating certificate in the Philippines, following a complicated and costly two years of maintaining two separate affiliates.
AirAsia’s Philippine operation has been highly unprofitable since it was launched in 2012. Turnaround efforts are banking on cost reductions driven by the transition to a single airline and higher yields that will be generated by a more international focused network. The network will be expanded to include several new routes from secondary hubs, in line with a new AirAsia Group strategy to open new unique point to point routes from secondary hubs throughout Southeast Asia.
This is the third in a Sep-2015 series of reports on the AirAsia Group, following CAPA's LCC Airports Congress in Bangkok.
Malaysia AirAsia to focus growth from secondary hubs as Langkawi-Hong Kong, Guangzhou are launched
AirAsia is preparing to establish a hub on the Malaysian island of Langkawi following a landmark deal which has resulted in a 70% reduction in charges – an indicator of the high importance placed on charges by the AirAsia Group. Langkawi will become Malaysia AirAsia’s sixth hub as services to Guangzhou and Hong Kong are launched.
Several other new international destinations are expected including Bangkok under a plan which will see at least five A320s based in Langkawi by 2020. Langkawi currently only has regular international services to Singapore.
The new Langkawi hub is part of an overall strategy by the AirAsia Group to focus growth on secondary airports. At the group’s original Malaysian subsidiary several new domestic and international routes from secondary hubs are planned for the next year despite a significant slowdown in fleet growth.