AirAsia to take 20% stake in Malaysia Airlines

August 9, 2011

Malaysia Airlines and arch rival AirAsia are reported to be planning a share swap that would give AirAsia’s parent a 20% stake in Malaysia’s national airline, according to Reuters. The news wire reported that Malaysia’s state investment arm, Khazanah Nasional, which owns nearly 70% of MAS, would take a 10% stake in AirAsia and analysts suggest the deal would enable MAS to focus exclusively on premium long-haul services and leave domestic routes and short-haul routes to AirAsia.

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