Tuesday, 13 March 2012

Transport Minister: No info on status of MAS-AirAsia share swap

KUALA LUMPUR (March 13): The Transport Ministry said it has no information on the latest on the AIRASIA BHD []-MALAYSIAN AIRLINE SYSTEM BHD [] (MAS) share swap deal.

Speaking at the sidelines of the 6th World Cargo Symposium, Transport Minister Datuk Seri Kong Cho Ha said on Tuesday that he had yet to receive any decision or reports on the development of the matter.

Asked if the share swap deal was not final, Kong said: "That is a decision that has to be made by the related companies and Khazanah (Nasional Bhd). I can't comment anything now because I don't have any information.”

"What I know is the MoT has not received any information that the deal has been cancelled," he said.

On the recent cutting of routes with the latest by AirAsia X to Christchurch, Kong said it was a business decision of the airline.

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