AirAsia has scrapped a plan to buy Indonesia’s fourth-largest carrier, Batavia Air. Malaysia-based AirAsia in July announced that it and its Indonesian partner, Fersindo Nusaperkasa, planned to buy 100% of Batavia for $80 million, subject to due diligence. Under that plan, AirAsia was to complete the acquisition in May 2013 and merge Batavia with Indonesia AirAsia. The deal would have given Indonesia AirAsia extra slots at Jakarta Soekarno-Hatta International Airport and access to a ...
THIS CONTENT REQUIRES SUBSCRIPTION ACCESS
You must be a paid subscriber to access "AirAsia Walks From Batavia Takeover".
Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.
Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.