Malaysia’s AirAsia divests from Expedia JV, last non-core investment

AirAsia to launch low-cost carrier in China
An AirAsia baggage handler drops a bag on the tarmac at Kuala Lumpur International Airport in Sepang, Malaysia, June 17, 2015. REUTERS/Olivia Harris

Low-cost airline AirAsia Group Bhd sold its remaining 25 percent stake in its joint venture unit with travel platform Expedia Group Inc for $60 million, the companies said on Tuesday.

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