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
You may also be interested in the following articles...
Malindo Air Part 3: interline partnerships drive new phase of growth for Lion Group’s Malaysian JV
Malaysia’s Malindo Air is focusing on partnerships both within and outside the Lion Group to help support accelerated growth. Malindo now accounts for approximately 8% of traffic at Kuala Lumpur International Airport (KLIA) and will soon link KLIA with over 30 destinations, making it attractive to foreign airlines seeking feed.
Malindo has implemented interlines with Turkish Airlines, Qatar Airways and Etihad Airways over the last four months. It is now in the process of implementing an interline agreement with Oman Air, and aims to have seven interlines in place by the end of 2016.
Malindo is also now working more closely with other airlines in the Lion Group. Malindo recently began selling connections beyond Bangkok on Thai Lion Air, and plans soon to begin selling connections beyond Jakarta on Batik Air.
Cathay Pacific, high cost and pilot-constrained, promotes regional unit Dragonair to reduce costs
Asian airlines have long had second brands, often for a regional airline flying to secondary markets. For equally as long airlines have struggled with how to work the brands in sync – somewhere between fully aligned with the flagship parent and full independence. This is starting to change, with the most prominent example being Cathay Pacific's change of Dragonair's branding to Cathay Dragon, effective 21-Nov-2016. Product too has already been largely aligned.
Dragonair has expanded out of its mostly China niche to take over Cathay's Penang service and launch flights to Denpasar Bali and Tokyo Haneda, supplementing Cathay services and giving the two a larger group presence. The boldest move yet is Dragonair taking over the Kuala Lumpur route from Cathay in 2017. Cathay will transfer five A330s to Dragonair, more than what is needed for four daily Kuala Lumpur flights, indicating that more transfers are likely.