Thursday September 15, 2011

Khazanah seeks more clarity on AirAsia X deal

Khazanah Nasional Bhd is waiting for more clarity on the financial and business model of AirAsia X before it agrees to acquire a 10% stake in the airline.

“We are interested in the 10% stake in AirAsia X, but we need more clarity on their plans, their timeline and how they want to evolve, when there will be an initial public offering (IPO), and also on the business model,” Khazanah managing director Tan Sri Azman Mokhtar told reporters at the sidelines of the Forbes Global CEO Conference here.

“We know the low cost carrier (LCC) model works for the short-haul, but a medium to long-haul LCC is quite different,” he said.

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