AirAsia ready to transfer ops to Don Mueang Airport from Oct 1
http://www.thesundaily.my/news/416127

A good counter indeed. Overall a positive profit on Tony's warehouse.

Wondering if this is a good idea Don Mueang is more than an hour from Suvarnabhumi. Transferring between the airports would be a hassle.

3.78 on friday - too high to buy?

Majority of research analysts put the TP at above RM4.00.
But of course a lot depends on crude oil price...

AirAsia Bhd will buy 76% of Indonesian low-cost carrier Batavia Air to expand in Southeast Asia’s biggest economy. AirAsia will benefit from Batavia Air’s strong agent network in Indonesia and will have a very positive effect on earnings over the next few years.

Can AirAsia Bhd buy majority stake in Batavia Air
If it is PT Indonesia AirAsia which buys 76% share of Batavia Air that's certainly fine...

I hope Batavia Air will merge with PT Indonesia AirAsia. The budget airline market is getting crowded.

This post has been edited by river.sand: Jul 26 2012, 05:21 PM

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Added on July 26, 2012, 10:28 pmAirAsia X may resume European flights

This post has been edited by nspk: Jul 26 2012, 10:28 PM

OK, now we get more details of the deal. It looks like the acquisition will be carried out in 2 stages. Ultimately AirAsia Bhd and Fersindo will own 100% stake of Batavia Air. The former will own 49% while the latter will own 51%. As I had expected, foreign firm can't own majority stake in Indonesia's airlines.

Don't celebrate yet. Most acquisitions don't work out. Batavia Air is losing money now. I hope Tony Fernandes can turn it around in 1 year, as he did for AirAsia...

This post has been edited by river.sand: Jul 27 2012, 08:53 AM

http://www.theedgemalaysia.com/business-ne...9-billion-.html

good news for AAsian

ps. i cant copy the content from the edge. is it me or the site restrict people from copying its content?

This post has been edited by ham_revilo: Aug 28 2012, 09:52 PM

Not sure if it is good news
Its revenue for the last quarter increased slightly, but operating profit was actually lower. The higher profit was due to one-off disposal of 4% shares in Thai AirAsia.

I assume Tony will re-invest the money. If not hopefully AA will give better dividend...

Can somebody please explain this?

...the AirAsia Berhad investment in Thai AirAsia is now accounted for in accordance with MFRS128 Investments in Associates, which requires that the equity method be used.


This post has been edited by river.sand: Aug 28 2012, 09:55 PM

That's indeed a good one... all the piers also not very good this Q... It's consider the best in class liao...

AA Q2 2012

after disposal and no dividend.

not a very good sign imo

agree with u ...

They can give u Dividends, then followed with right issues of shares.

That's not a good idea....

AA last declared dividend in May (ex-date in June). If it does declare interim dividend, that would be a few months later.

AirAsia Bhd and its Indonesian partner PT Fersindo Nusaperkasa have received the Indonesian government's approval to acquire budget airline Batavia Air.

A Dow Jones Newsire report from Jakarta had on Wednesday quoted Indonesia's air transportation director general, Herry Bhakti, that it was approved in principle.

The new wire had also quoted Fersindo president director Dharmadi that his company would complete due diligence in September and the acquisition by March 2013 - THE STAR

izit confirm ?