AirAsia acquire 49% share of Batavia Air for US$80 million

Malaysia’s AirAsia, the leading low-cost airline in Southeast Asia, announced it is acquire mid-service airline Batavia Air. The deal at pirce US$80 million for 49% share Batavia Air. The goal of the purchase is to expand into Southeast Asia’s largest econom. AirAsia take over 49% share Batavia Air own by Yudiawan Tansari.

After acquisition, AirAsia Berhard Malaysia own 49% share and Fersindo Nusaperkasa own 51% share of Batavia Air.