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Even before disaster struck in March with the mysterious disappearance of MH370, the airline's parent company Malaysian Airline System (MAS) was in a perilous financial position, perhaps the worst in the region, burning cash at an unsustainable rate.
AirAsia opened 13 cents lower to RM3.20 (US$1.05) before bouncing back up to an intraday high of RM3.65 by 10:28 a.m. It closed the day up 27 cents to RM3.60 on volume of 13.76 million shares. AirAsia's various call warrants also dominated the
World The seemingly unfavorable share-swap agreement between Malaysia Airlines (MAS) and AirAsia Bhd continues to come under scrutiny with continued speculation that it could be unwound. It has been reported that the Government has had serious second
An MP has questioned the share swap between MAS and AirAsia , claiming that the deal lacks transparency. Wangsa Maju MP Wee Choo Keong ( pic ) said in his blog that he would be compelled to raise the issue in Parliament to scrutinise the deal if it