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The share swap deal involved exchange of shares between the owner of Zest Airways, Filipino shareholders of AirAsia Philippines, Inc. and AirAsia Berhad of Malaysia. [15] On the same day, the airlines announced a strategic alliance that would integrate the operations of both airlines while still operating as separate entities. [ 16 ]
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 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 ...
Here's what hedge fund manager Dan Loeb bought in Q1. Image source: Getty Images. But the AI story doesn't stop there, as Meta has also begun building its Llama family of large language models ...
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 August 2024. Due to the coronavirus pandemic, the route list (especially for international destinations) may not be up to ...
In August 2011, Malaysia Airlines agreed to collaborate with AirAsia through a share swap. The share swap between Malaysia Airlines' major shareholder and that of AirAsia was later undone in May 2012 due to resistance from certain quarters of its staff.
The domestic market is dominated by the Cebu Pacific group which has a 53% market share, followed by the Philippine Airlines group which has 31%, followed by AirAsia, having a 16% share. This list of airlines enumerates local airlines in the Philippines which have a current air operator's certificate issued by the Civil Aviation Authority .
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 ...