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.

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

Maybe got some impact on earning and profit for short term, but long term I'm not so sure. If you look at other country new LCC, some have gone bust or eaten by bigger rival. Some LCC are originally private owned but after few year got bailout by their government because the owner cannot run the airline. Only time can tell if this new LCC can survive and give airasia a big blow.

GO GO AirAsia..... more higher more good

TA Research Target Price 3.80

The market has oversold AirAsia and it is now attractively trading at 9.3x CY13 EPS, falling below its trough PER valuation of 9.7x during the 2009 crisis. However, given there is a risk of increase competition, TA now value AirAsia at
RM3.80/share, based on a 20% premium (vs. 30% previously) to its regional peers’ average PER of 10.1x. Maintain Buy.

AirAsia’s management believe the entry of Malindo will not pose threat to the group as it has;
1)solid position and brand name in the region;
2) strong balance sheet with competitive cost structure; and
3) a focus strategy growing its regional ventures to diversify earnings.

AirAsia group is reportedly keen to acquire Philippine's budget airline Zest Airways to expand the regional giant's foothold in the fast-growing Philippine market, according to a news report. The Philippines' Inquirer said on Thursday nothing has been signed as of yet but talks were ongoing between AirAsia and the group of former ambassador and juice-drink magnate Alfred Yao.

-The Star-

AirAsia may be first foreign LCC to enter India with the possibility of a start-up with a strong Indian partner

Maybe AirAsia India or India AirAsia

AirAsia Bhd is seeking potential areas of collaboration with stakeholders of the new Malindo Airways. Group CEO Tan Sri Tony Fernandes will be meeting with Lion Air's parent company, PT Lion Group president director, Rusdi Kirana soon.

Someting going on

Middle East & UK investor waiting the right time to move in according to cimb investment. Petroleum money coming soon on AirAsia

Hope airasia don't reach RM2.40, if not

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Added on September 27, 2012, 4:24 pmEPF has been accumulating Airasia over the last 20+ days ever since the news about Malindo. Now EPF is owning up to almost 10% of AirAsia.



This post has been edited by davinz18: Sep 27 2012, 04:24 PM

The 23,950,000 acquired shares is equivalent to 0.86% of all issued securities of AirAsia. I think they bought via TuneAir Sdn Bhd because the amount of share are same for both of them

Special dividend

RHB Research, Trading Buy with a fair value of RM3.63

This post has been edited by davinz18: Oct 15 2012, 04:46 PM

Hoping go higher until reach RM4.00 so I can sell

This post has been edited by davinz18: Oct 17 2012, 11:03 PM

AirAsia supremo Tony Fernandes finally says ‘Yes’ to KLIA2

http://www.bernama.com/bernama/v6/newsbusiness.php?id=703986

Tan Sri Tony Fernandes & Dato Kamarudin have bought 2,200,000 shares at rm3.04

http://www.bursamalaysia.com/market/listed...cements/1101861

http://www.bursamalaysia.com/market/listed...cements/1101865

This post has been edited by davinz18: Oct 25 2012, 06:09 PM

AirAsia to record higher revenue in Q3

OSK Research has maintained its "buy" call on AirAsia with an unchanged fair value of RM3.91


http://www.btimes.com.my/Current_News/BTIM...icle/index_html