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AirAsia was established as a full-service airline in 1993 and began operations on 18 November 1996. It was founded by a government-owned conglomerate, DRB-HICOM.On 5 September 2001, the heavily indebted airline was bought by former Time Warner (now known as Warner Bros. Discovery) executive Tony Fernandes and Kamarudin Meranun's [5] company Tune Air Sdn Bhd for the token sum of one ringgit ...
This is a list of current and confirmed prospective destinations that AirAsia and its subsidiaries Indonesia AirAsia, Thai AirAsia, Philippines AirAsia, AirAsia Cambodia, AirAsia X and Thai AirAsia X are flying to, as of September 2024. Due to the coronavirus pandemic, the route list (especially for international destinations) may not be up to ...
Tony Fernandes. Tan Sri Anthony Francis Fernandes PSM, CBE (born 30 April 1964) is a Malaysian entrepreneur. He is the founder of Tune Air Sdn. Bhd., which took over the first Malaysian budget airline, AirAsia. [1]
On 11 March 2013, an agreement was made between AirAsia Philippines to swap shares with Philippine-based airline Zest Airways. [13] Zest Airways received a mix of $16 million cash and a 13% share in AirAsia Philippines, while AirAsia Philippines now owns 85% of Zest Airways, with 49% of its voting rights. The deal closed on 10 May 2013.
AirAsia X was listed on the Bursa Malaysia (the Kuala Lumpur Stock Exchange) on 10 July 2013, with the shares offered to individual and institutional investors at MYR1.25 (approx. US$0.39) per share. The float raised MYR988 million (US$310 million, as of 2013 exchange rates) and valued the company at MYR3 billion (US$940 million).
Indonesia AirAsia in the old red and white livery. A buy out of Batavia Air was announced on 26 July 2012, that was to be done in two stages; AirAsia would buy 76.95% shares from Metro Batavia in a partnership with Fersindo Nusaperkasa (Indonesia AirAsia). Following that, by 2013, AirAsia was to acquire the remaining 23.05% held by other ...
On 9 December 2022, AirAsia and Sivilai Asia signed a joint venture agreement to establish AirAsia Cambodia. [7] Capital A, the holding company of the AirAsia Group, [8] would own 51% of the airline, while hospitality group Sivilai Asia would own the remaining share. [9] Subject to regulatory approvals, on 18 March 2024, the airline was ...
On 18 September 2013 AirAsia X signed a shareholders agreement with Tassapon Bijleveld and Julpas Krueospon to establish a joint venture co-operation for a long-haul low-cost airline, a Thai company named Thai AirAsia X Company Limited was started in which AirAsia took a 49% share. [4] Thai AirAsia X is the medium and long-haul operation of the ...