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No plans to take AirAsia private: Fernandes

 


January 16, 2008

MALAYSIA/AVIATION
No plans to take AirAsia private: Fernandes

AirAsia Bhd has no plans to be privatised, its group chief executive officer Datuk Tony Fernandes said January 15.

"No plans at the moment in terms of taking AirAsia private. It's not something that I am aware of," he told reporters after signing a partnership agreement with CAE.

"I do think that the stock market needs to understand AirAsia better," he said when asked about the company's share price which has plunged more than 20 percent since October 2007.

"We have an amazing airline with amazing products," he added.

The low-cost carrier has seen significant selling of its shares by foreign shareholders. The fall was "related to AirAsia's fuel-hedging policy, which some parties considered excessively speculative", said OSK Research last week.

Courtesy Bernama

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