AirAsia buys 76pc stake in Batavia Air
JAKARTA, July 26 — Asia's largest low-cost carrier, AirAsia Bhd, has bought 76 per cent of Indonesia's Batavia Air to expand in Southeast Asia's biggest economy, Batavia Air spokeswoman Elly Simanjuntak said.
“Yes, AirAsia bought 76 per cent. We'll reveal the number later in press conference,” she told Reuters via phone.
A Reuters source at AirAsia said the acquisition will be through its Indonesian subsidiary “to fight Lion Air”. — Reuters