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Last Updated : 2024-05-05 20:26:00
26 April 2024 04:03 am - 17 - {{hitsCtrl.values.hits}}
Capital A CEO Tan Sri Tony Fernandes clarified that it is AirAsia Consulting Sdn Bhd that is bidding to acquire SriLankan Airlines, and not AirAsia.
If successful, the soon to be re-branded AirAsia Consulting will raise its own capital for the acquisition, Fernandes told reporters in Malaysia this week at a media conference that was held to announce the extension of his tenure as chief for another five years.
“Just to clear that up for everyone, AirAsia is not buying SriLankan Airlines. AirAsia Consulting, which will set up its own fund, is looking at buying SriLankan Airlines. So, it’s not AirAsia,” he said.
“I know it’s confusing, and AirAsia Consulting will be changing (its name) to Capital A Consulting very soon. So, that’s for airlines who want to consult our 23 years of experience, but AirAsia Consulting is also looking for opportunities to invest in airlines outside of ASEAN. AirAsia is fully focused on ASEAN. That’s our goal,”
he added. AirAsia Consulting is among the six bidders for SriLankan Airlines. Fernandes noted there are two aims for AirAsia Consulting. One is to potentially take stakes in airlines outside of the AirAsia group and also just to provide consulting services.
“Over the last 23 years, we have built up a whole lot of experience, but we have decided for AirAsia to only focus on ASEAN. Many airlines want us to help them set up a low-cost airline. Many governments have approached us to take over their airlines, AirAsia is not interested, as it is actually purely focused on ASEAN. So, we created this company called AirAsia Consulting, which sits under Capital A Aviation Services,” he said.
AirAsia Consulting CEO Subashini Silvadas was quoted by The Edge saying that the company is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines, and has yet to submit any price bid since due diligence has not been carried out.
Sambo Friday, 26 April 2024 08:26 AM
What an unfortunate country is Sri Lanka. The politicians took the best of the Air Line by flying free and together with their families and friends and now the refuse left over is put for sale.
Fernando Friday, 26 April 2024 11:24 AM
How true it is .Our country is paying dearly for the doings of one family.
Need a Revamp and Bring these Politicians to Task Friday, 26 April 2024 11:36 AM
That’s why they should be prosecuted and pay up with their own funds for the negligence. Having Executive powers, they should have close it down once it started bleeding.
LORD, GET OUT PEOPLES BRAINS AND MINDS WORKING IN TUNE FOR IDENTIFYING THE FALSE ELECTION SPINS FROM REALITY. Friday, 26 April 2024 02:30 PM
REVAMP AND FERNANDO, THE ONLY WAY WE CAN SEE YOUR COMMENTS MATERIALIZE IS IF WE GET A COMPLETELY NEW INDIVIDUALS CONTROLLING THE GOVERNING OF THE COUNTRY AND THIS IS NOT GOING TO HAPPEN IN RANIL'S CONTINUED PRESIDENCY. IF HE NAD TAKEN NO ACTION THESE PAST TWO YEARS, NO ACTION WILL BE TAKEN BY HIM IF HE IS ELECTED. ALL THE PRESIDENT HAD TO DO WAS CALL FOR A INDEPENDENT COMMITTEE TO BE SET UP EXCLUDING POLITICIANS TO IFT THROUGH THE YEARS OF CORRUPT GOVERNING ETC BUT RANIL HASN'T. SO, FOR ALL YOU PEOPLE WHO THINK RANIL IS GOD SENT TO BRING US OUT OF THIS DEATH TRAP AND SINK HOLE, THINK AGAIN. I HOPE ALL THE CROWS IN THE COUNTRY HAVE A CAW CAW MEETING AND USE AN ELEPHANT TO DEVOUR THE FOX THROUGH THE HEAD CROW (AS AN ARTICLE IN THIS PAPER PUT IT FOX AND THE CROW STORY).
Ram Friday, 26 April 2024 08:54 AM
Let Dhammika do it.
Mahila Friday, 26 April 2024 03:43 PM
How about the young PRODIGY, whose Past time or Hobby is sending up Rockets and Satellites!! Will be a very GOOD FIT!!?? Incidentally, what happened to the USD 100 million Investments!!?? Long forgotten!? Was it, "Daisy Archie’s Pearls” being invested!!?? Or is it also Public Money?? Ahm!!?? Let slumbering Giants ROOST!!??
BuffaloaCitizen Friday, 26 April 2024 09:17 AM
Air Asia is a reputed Airline and it was surprising they get involved in a awful Political Airline such as Sri Lankan. Certainly it is bad for their reputation of discipline and transparency thus this clarification by the CEO.
මහ බැංකු හොරා Friday, 26 April 2024 09:20 AM
Another corrupt deal for Nimalsiripala
warren Friday, 26 April 2024 11:47 AM
Have you read the article? Because of people like you, certain parties with antiquated ideologies can easily hoodwink you. There is no deal here. The government has called for an expression of interest from potential investors. Six bidders, including the company mentioned in this article, have expressed interest. That is all! God bless you!!!
Flie Bi Knight Friday, 26 April 2024 10:59 AM
Is Air Asia a "Reputed airline"'? Better to check this airlines History
Francisco Friday, 26 April 2024 11:14 AM
Air Asia is crap. They still own me refund of £89 to day.
Definitely Better Than Sri Lanka Friday, 26 April 2024 11:41 AM
Definitely better than Sri Lankan. They brought you back home on time, safely, reasonable priced ticket and without any drama as experienced by some passengers on SL lately.
Joe Friday, 26 April 2024 11:28 AM
"It's not Abans but another company owned by the owner of Abans" logic.
KoffieMoffie Friday, 26 April 2024 11:39 AM
" and we have 23 years of experience" blah blah blah. Yeah, right. Watch UL go down for a second time. Pray a reputable airline, like a Middle East carrier will rescue UL.
Ravi Friday, 26 April 2024 04:39 PM
There are many of us who would love to see the ENTIRE lot of our politicians being sold. Seriously
The business currently called AirAsia Consulting is wanting to buy Friday, 26 April 2024 07:59 PM
The current name of a business which wants to buy Sri Lankan Airlines is called AirAsia Consulting. They couldn't have that name without connection to AirAsia. Who owns AirAsia Consulting which wants a future name of Capital A Consulting? Is it actually AirAsia. Article does not make attempt to find out but just prints out the spin doctoring of AirAsia Consulting verbatim.
kevin Saturday, 27 April 2024 02:07 PM
seem poor quality bidders. no one of repute is there. shows how badly srilankan is regarded. what a shame for a once great airline
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