Wednesday, October 12, 2011

Airasia value slides after Vietnam venture scrapped

AirAsia slides after Vietjet venture dropped

Published: 2011/10/12

AirAsia Bhd fell the most in a week in Kuala Lumpur trading after saying it will scrap a planned joint venture with Vietjet Aviation Joint Stock Co.

The stock slid 1.5 percent to RM3.19 at 9:27 a.m. local time, set for its steepest drop since Oct. 4. -- Bloomberg

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