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AirAsia will deliver on Expedia sale, says Fernandes

12 Mar 2018 17:38:09

theedgemarkets.com

AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes said the low-cost carrier will deliver the sale of its 25% stake in AAE Travel, the operator of travel booking site Expedia.


Fernandes said the exercise will be a sale and buy back of an asset to strengthen the group’s digital portfolio.


“AirAsia will deliver another sale as promised. Last one, we said Expedia. Will be a sale and a buying back of one asset to build our digital portfolio. Delivered all we said. Now onto our group and digital structure,” he tweeted this morning.


Read full story: theedgemarkets.com

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