Spending too much time on the general election, we must have missed some news on Air Asia.
In many previous postings [read
here], we've discussed of Tony F's plan to have a publicly listed Air Asia subsidiary in every country in Asia and possibly Europe. It raised our concern before that it could start a contagion effect on the financial market of the region.
Airline operation requires heavy funding. For fear, the European and American market will close up on Air Asia's funding for many issues on their operations including safety, Tony F went for the regional bourses.
It could serve to by-pass local regulatory restrictions and a useful "arm twisting" as he threatened to move to Indonesia.
Only thing was his takeover of Batavia Air was aborted and the Indonesian grass is not as green as he thought any grass on the other side should be. He scraped through Thai listing but had to pullout of Japan. But, we weren't aware that Tony F bought Zest Airways.
Since one of Tony's troll wants to play cheap diversion game on the issue of safety on Air Asia, he is a special posting. Other issues will have to be on standby.