Wednesday, April 7, 2010

AirAsia associates to settle debts by 2013

26 March 2010

AirAsia Bhd, Southeast Asia’s biggest budget carrier, expects its associate units in Thailand and Indonesia to fully settle debts owed to the parent by 2013, according to Credit Suisse Group after meeting the management.

The company expects to carry 27 million passengers this year, with a traffic growth of 18 per cent, Credit Suisse said in a report today.

It is also in talks with auditors to consolidate its Indonesian and Thai operations to improve transparency and mitigate the uncertainty overhang on the company, it said.

-- Bloomberg

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