Following what AirAsia founder and CEO Tony Fernandes called a “long search and evaluation” of the Tigerair Mandala subsidiary of Singapore-based Tigerair, Fernandes’s low-cost carrier says it has decided to pull back from any potential purchase of the Indonesian LCC operation. “We would like to confirm that we evaluated to purchase Mandala,” Fernandes told Reuters late last week, but added that his company would not now pursue the transaction. A Lion Air ...
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