What would happen if Ryanair's Michael O'Leary was put in charge of British Airways or if Southwest Airlines' Herb Kelleher was running United Airlines? It seems like a crazy idea, but a similar situation occurred (for a time) in Malaysia—between AirAsia's Tony Fernandes and Malaysia Airlines (MAS). However, the MAS-AirAsia share swap has suddenly been reversed. Tune Air, the investment vehicle of Fernandes and his business partner Kamaruddin Meranun, has handed back the 20.5% stake in ...

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