Still keeping Airasia stocks till now.

Read in newspaper.. .Aviation industry is going down. Budget airlines the worst affected by oil prices.

Now i wonder, what is the worst scenario could happen to Airasia. I dont think oil prices is gonna come down any soon.

If got take over, what will happen to my stocks?
If merger, then what?
If closing, I guess that it to my money.

Pls let me know... not sure if i want to hold it any longer..