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AirAsia Share Prise Rise Following Collaboration With MAS

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KUALA LUMPUR – AirAsia Bhd’s share price rose in early session today after the low cost carrier announced that it had entered into talks with Malaysia Airline Bhd (MAB) for a possible collaboration on reducing cost and jobs creation between the two airlines.

As at 9.30 am, the counter added three sen to RM2.15 with 288,700 shares changing hands.

Group Chief Executive Officer Tan Sri Tony Fernandes was quoted as saying yesterday that this is the first time in 15 years that MAB and Khazanah Nasional Bhd were focused on making the airline profitable.

Fernandes also did not rule out the possibility that the collaboration would involve maintenance, repair and operations but declined to disclose details as the discussion was in the preliminary stage. – Bernama

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