AirAsia shares down on concerns over fate of unit Indonesia AirAsia

10 Jul 2015 06:44:16

PETALING JAYA: Concerns that PT Indonesia AirAsia (IAA) may be shut down by the end of this month has caused AirAsia Bhd's shares to fall as much as 23 sen, wiping out a whopping RM640mil from its market capitalisation.

IAA, however, said the suggestion that its operational licence would be called into question was not accurate.

"œWe wish to emphasise that IAA's operation remains as per normal and suggestions that our operational licence will be called into question is not accurate. The level of our equity has never been an issue, as the company has been fully funded through a variety of sources.

"œThis has never compromised our absolute commitment to the global standards of safety and best practices of our operations," IAA president director Sunu Widyatmoko said in a statement.

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