Maybank noted that the Indian airline has faced difficulties from the start.
"It has consistently lost money, prompting capital injections twice. It initially started on a tri-party shareholding structure, but eventually reduced to two as the Tatas bought over the stake of an unhappy shareholder.
"There was also series of controversies whereby the Indian authorities (Enforcement Directorate, Federal Police) has probed the company for misappropriation of funds, bribe allegations and regulatory breach of foreign management having a commanding majority control," it said.
Maybank noted that apart from AirAsia's Thai joint venture, all its other foreign forays in Indonesia, the Philippines and Japan have not yet turned consistently profitable.
https://www.thestar.com.my/business/business-news/2018/10/15/airasia-may-be-signaling-retreat-to-core-markets/
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Created by Tan KW | Sep 19, 2024
Created by Tan KW | Sep 19, 2024
Created by Tan KW | Sep 19, 2024
Created by Tan KW | Sep 19, 2024
Created by Tan KW | Sep 19, 2024
Created by Tan KW | Sep 19, 2024
Tulah. TF is bluffing all the time. Say many many growth engine lah......too optimistic.
2018-10-17 04:36
4444
Blog no help. After morning brief surge afternoon turn red again?
2018-10-16 12:56