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Shares in AirAsia fall 16 per cent

Kuala Lumpur, Malaysia - The carrier hopes to become the major low-cost in Asia

AirAsia, the low-cost airline, has seen its shares to fall 16 per cent in comparison with their debut on Monday. The initial public offer of the carrier is USD 226m; below its own indicative price last month. AirAsia which is negotiating to purchase more than 80 new aircraft, intends to become Asia's leading low-cost airline. AirAsia, which was founded three years ago, is trying to emulate the success...

AVIONEWS - World Aeronautical Press Agency - 108426

AVIONEWS - World Aeronautical Press Agency
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