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AirAsia scrubs plans to take Indonesian subsidiary public

AirAsia Airbus A320-200 © Airbus Industrie AirAsia Airbus A320-200

AirAsia (AK, Kuala Lumpur Int'l) has decided against taking Indonesia AirAsia (QZ, Jakarta Soekarno-Hatta) public citing the Indonesian subsidiary's poor financial performance of later. AirAsia Group CEO, Tony Fernandes, told the Malaysia Reserve newspaper that among other mitigating factors was a change in his group's business strategy.

“It (Indonesia AirAsia) is not making money, so going for ...

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ch-aviation interview: Martin Gauss, CEO Air Baltic
ch-aviation interview: Martin Gauss, CEO Air Baltic

Three years ago Air Baltic posted record losses and was suspected to be the next Flag Carrier to fail. Today Air Baltic is one of the very few European success stories. Max Oldorf talked to Martin Gauss, former CEO at DBA (Deutsche BA) and Malev, now CEO at Air Baltic about what it takes to reanimate a dying airline.

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