SEPANG: The AirAsia group plans to combine its Malaysia, Thailand, Indonesia and Philippines operations under a single, listed Asean holding company. AirAsia Group Chief Executive Officer Tan Sri Tony Fernandes outlined the move as part of its outlook for this year. “Now that all our Asean airlines are on stable footing, we want to further our plans to combine our Malaysia, Thailand, Indonesia and Philippines operations under a single, listed Asean holding company.”He urged Asean governments to relax ownership restrictions and consider Asean investors as equivalent to local investors. Meanwhile AirAsia group saw its revenue improve by RM1.23 Billion for the Financial year ending Dec 31, 2016. The group in a statement today said AirAsia Berhad, Thai AirAsia and Indonesia AirAsia made a positive contribution to operating profit, with Indonesia AirAsia reporting its first profitable full financial year following the turnaround.

Source: New Strait Times February 23, 2017 13:25 UTC