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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.
List of AirAsia Group destinations. 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 ...
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 ...
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. [129]
Former IATA code: QA; former ICAO code: AEK; former callsign: AFRICAN EXPRESS AK AXM AirAsia: RED CAP Malaysia ICAO code no longer allocated D7 XAX AirAsia X: XANADU Malaysia DJ WAJ AirAsia Japan: WING ASIA Japan defunct I5 IAD AirAsia India: ARIYA India Founded 28. Mar 2013: AXN Alexandair: ALEXANDROS Greece defunct AXP Aeromax: AEROMAX SPAIN ...
AirAsia X was listed on the Bursa Malaysia (the Kuala Lumpur Stock Exchange) on 10 July 2013, with the shares offered to individual and institutional investors at MYR1.25 (approx. US$0.39) per share. The float raised MYR988 million (US$310 million, as of 2013 exchange rates) and valued the company at MYR3 billion (US$940 million).
Airline codes IATA ICAO Airline Call sign Country Comments TC ATC Air Tanzania Company Limited: TANZANIA Tanzania 9L TOW AirTanker Services: TOWLINE United Kingdom DG SRQ Cebgo: BLUE JAY Philippines Formerly SEAir, South East Asian Airlines and Tigerair Philippines TLO Eagle Canyon Airlines: TALON AIR United States 1L OSY