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 ...


"AirAsia Walks From Batavia Takeover" is Premium Content. Subscribing will provide full access to this article as well as the opportunity to access:
-- Critical intelligence on the global aviation, aerospace & defense industries
-- Consolidated, comprehensive coverage of the programs and technologies shaping the industry
-- And much more…

Already registered? here.