In July 2012, Air Asia Bhd agreed to buy Batavia Air $80 million in cash for fully ownership which Air Asia will own 49 percent and its Indonesian unit, Fersindo will hold 51 percent in order to comply with Indonesian ownership law.
Air Asia Bhd agreed to buy Batavia Air $80 million in cash for fully ownership, Fersindo will hold 51 percent in order. This is in July 2012. This is to comply with Indonesian ownership law. Air Asia will own 49 percent. Air Asia will own its Indonesian unit this fully ownership.