KUALA LUMPUR (Dec 29): Budget airline AirAsia Group Bhd has decided to sell 32.67% of the 49% stake it holds in AirAsia (India) Ltd to Tata Group for US$37.66 million (approximately RM152.58 million).
AirAsia Group holds the 49% stake in AirAsia India via its 100%-owned AirAsia Investment Ltd (AAIL), while Tata holds the majority 51% stake through Tata Sons Private Ltd (TSL).
As part of the transaction, there will be a call option in respect of the remaining 16.33% stake, exercisable by Tata at any time after the transaction is completed.
There is also a put option exercisable by AAIL in two tranches, with the first tranche being exercisable from March 1, 2022 until May 30, 2022, and the second tranche being exercisable from Oct 1, 2022 to Dec 31, 2022.
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Tony Fernandes Aims To Rehire All AirAsia Staff Who Were Let Go During MCO The first priority is no more job losses. Second priority is to rehire all my staff who were let go, said AirAsia Group chief executive officer Tan Sri Tony Fernandes.
By Yap Wan Xiang â 23 Dec 2020, 05:44 PM
AirAsia Group s founder Tan Sri Tony Fernandes said his top priority for next year is to rehire all former AirAsia staff who were let go during the Movement Control Order (MCO)
The low-cost airline company retrenched 2,400 employees from its 24,000-strong workforce since Malaysia s international borders closed in March 2020.
Speaking to New Straits Times, he said his goal as the world enters 2021 and the post-pandemic recovery period is to stop retrenching his employees and rehire those who were let go during MCO.
Friday, 18 Dec 2020 02:30 PM MYT
BY MILAD HASSANDARVISH
AirAsia Group founder and CEO Tan Sri Tony Fernandes (3rd from right) and ECM Libra Foundation chairman Datuk Seri Kalimullah Hassan (2nd from right) at the handover of contributions to NGO representatives. Picture by Choo Choy May
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KUALA LUMPUR, Dec 18 Two business tycoons who joined hand for a worthy squash battle have raised a whopping RM750,000 to help feed the underprivileged.
AirAsia Group founder and chief executive officer Tan Sri Tony Fernandes and businessman Tan Sri Mohamad Salim Fateh Din have managed to raise the sum through their corporate network in a bid to help vulnerable communities affected by the Covid-19 pandemic.
Poptorn is a social e-commerce platform that curates a local marketplace featuring local artisans and micro-brands.
With a pandemic disrupting almost every aspect of our lives, most people are staying home and staying away from crowds.
Does this mean, no shopping? Well yes, partly, but with e-commerce being bigger than ever, there s always a way to get your hands on the things you want.
Local brands too, have options, and many of them are available on Poptron.co., an online platform which caters to over 100 different micro-brands spanning over seven categories and counting.
Poptron (POPups TRusted ONline) is a web-based marketplace featuring local artisanal brands, many which were selected as they share ethical, responsible and socially conscious aspirations, with some being social enterprises that give back or provide skills training to underprivileged and marginalised communities.