AA (also) stands for Amazing Airline. Air Asia group CEO Tony Fernandes said a while ago there is no plan at the moment to take the airline private.
The Bernama story at 8.41 pm:SEPANG, Jan 14 (Bernama) -- AirAsia Bhd has no plans to be privatised, its group chief executive officer Datuk Tony Fernandes said today.
"No plans at the moment in terms of taking AirAsia private. It's not something that I am aware of," he told reporters after signing a partnership agreement with CAE.
"I do think that the stock market needs to understand AirAsia better," he said when asked about the company's share price which has plunged more than 20 percent since October 2007.
"We have an amazing airline with amazing products," he added.
The low-cost carrier has seen significant selling of its shares by foreign shareholders. The fall was "related to AirAsia's fuel-hedging policy, which some parties considered excessively speculative", said OSK Research last week. -- BERNAMA
Monday, January 14, 2008
Tony Fern responds
At 8:38 pm