Indonesia AirAsia X, a subsidiary of Malaysia’s AirAsia Bhd, could be grounded by the Indonesian Ministry of Transportation for failure to meet the aircraft ownership obligation. Based on the existing regulation on air transportation, all commercial flight carriers operating in the country must own at least 10 aircraft in their fleets by June 30, 2015.
Start your deal-making journey now!
Subscribe now to enjoy unlimited access at just $59.
Premium coverage on private equity, venture capital, and startups in Asia.
Exclusive scoops from our reporters in nine key markets.
In-depth interviews with industry leaders shaping the ecosystem.
Already a Subscriber? Log in
Contact us for corporate subscriptions at subs@dealstreetasia.com