AirAsia Walks From Deal To Buy Indonesia’s Fourth-Largest Airline

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...

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