Wednesday, May 02, 2012

Trading in MAS, AirAsia suspended Wednesday

Trading in the securities of Malaysian Airline System Bhd and AirAsia Bhd has been suspended today from 9am to 5pm. This is linked to the latest corporate development to unwind their share swap agreement. Both airlines announced to Bursa Malaysia (KL Stock Exchange) the suspension is for a material announcement.

The Star reported on Wednesday the airlines would forge ahead with their collaboration agreement by signing several MoUs to potentially set up joint ventures (JVs) for joint procurement, pilot training and aircraft maintenance and repair.

Source: The Star..Trading in MAS, AirAsia suspended Wednesday

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