AirAsia in talks to sell stake to UAE investors as AirAsia X commences service to Abu Dhabi

AirAsia Deputy CEO, Kamarudin Meranun, stated the group is reportedly considering selling stakes in AirAsia to UAE investors, including the Abu Dhabi Government (Emirates Business 24/7, 25-Nov-2009). AirAsia X is also reportedly considering listing itself on the Abu Dhabi Securities Exchange or the Dubai Financial Market, after launching services to Abu Dhabi yesterday.

AirAsia: "We are open to the Abu Dhabi Government and other investors taking stakes in the company. We are already in negotiations with some investors, including from the government, encouraging them to invest in AirAsia. But it is premature to elaborate further at present. These discussions are not confined to Abu Dhabi. There are other parties in the region that have shown interest and we will negotiate with them. The interest from Abu Dhabi, however, was very strong," Kamarudin Meranun, CEO. Source: Emirates Business 24/7, 25-Nov-2009.