No more acquisitions, says Fernandes

By Syarina Hyzah Zakaria of theedgemalaysia.com | The Edge Malaysia – Thu, Aug 9, 2012

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KUALA LUMPUR (Aug 9): Air Asia Bhd is not keen on acquiring any other airlines in the region as it preferred to grow organically, said its group chief executive officer.

"I am not a believer of (growing by) acquisitions, I'm a firm believer of organic growth," Tan Sri Tony Fernandes said after witnessing the signing ceremony between Air Asia X and the International Lease Finance Corporation (ILFC) on Thursday.

He explained that although it had acquired Batavia Air, it was only because the Indonesian entity was a right fit and the opportunity came at the right time.

 

 

 

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