KUALA LUMPUR :Capital A Bhd , which owns Malaysia's flagship budget airline AirAsia, is forming an independent board for its aviation arm while mulling a separate listing of the business as the market recovers, its chief said on Friday.
The group appointed a veteran from the telecoms industry, Jamaludin Ibrahim, as the non-executive chairman of AirAsia Aviation Group Limited, who said the full independent board would be announced soon. AirAsia is flying 45per cent of its fleet, and aims to grow its Indonesian fleet from seven to 30 by year-end.
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