Airasia Group Bhd's shares up in morning session
Published on: Tuesday, October 16, 2018
Kuala Lumpur: AirAsia Group Bhd's shares rose in the morning session Monday on anticipation of a more targeted expansion plan following the latest development in its Indian joint venture.At 11.02 am on Monday, AirAsia's shares perked six sen to RM2.80, with 4.31 million shares changing hands.In a research note, Maybank Investment Bank said AirAsia Group had appointed Sunil Bhaskaran as AirAsia India Chief Executive Officer (CEO) and Banmali Agrawala would be appointed as the Chairman.
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Thus, all the top three posts would be occupied by personnel from the Tata Group."Intriguingly, AirAsia Group CEO Tan Sri Tony Fernandes and his deputy Bo Lingam have stepped down from the board, leaving AirAsia Group as a 49 per cent shareholder with no key management control.Stay up-to-date by following Daily Express’s Telegram channel.
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