AirAsia Gains Routes, Slots With Batavia Air Acquisition

By Leithen Francis .
Source: Aviation Daily .

AirAsia is buying a major stake in Indonesia’s Batavia Air, a move that will make the low-cost carrier the third-largest airline group in Indonesia and a serious competitor for Garuda Indonesia and Lion Air. AirAsia Investment, a division of the Malaysian parent company, says it is buying 49% of Batavia Air in a deal that passes the remaining 51% to Indonesian company PT Fersindo Nusaperkasa to meet Indonesia’s foreign ownership laws. Fersindo also owns 51% of Indonesia AirAsia ...

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