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AirAsia CEO says talks about opening Myanmar airline 'have stopped'

Reuters  |  BANGKOK 

By Amy Sawitta Lefevre

(Reuters) - Talks between and a partner to open an in have stopped, the group's told reporters on Tuesday.

told in March his was in talks with a potential partner to open an serving Myanmar, which would help the low-cost carrier to cover up to 95 per cent of the Southeast Asian

But Fernandes told reporters at an AirAsia event in Bangkok, "the negotiations have stopped. We are not moving ahead with at the moment... We might revisit that but we've decided not to go into just yet."

He did not disclose the potential partner.

Fernandes said he expected AirAsia's joint venture to be flying by the end of the year or early 2019.


Fernandes tentatively reconfirmed the group's commitment to the A330neo jet at the event in celebrating the carrier's half-a-billion customer milestone.

Fernandes, who is of AirAsia X, the long-haul arm of AirAsia, said the neo was still the "favorite choice of aircraft" for

"It looks a fantastic aircraft. It looks everything that we thought it would be but we're holding off at the moment until we see exactly how it performs," he added.

has been trying to convince AirAsiaX to abandon the A330neo and switch to its newer

Shares in AirAsia Group fell as much as 10 percent on Monday in the first trading session since Fernandes apologised for endorsing former Malaysian leader days before he lost a last week to veteran Mahathir Mohamad, 92.

Fernandes apologised and said he was under intense pressure to support the

The (Mavcom) on Tuesday refuted accusations by Fernandes that it had told the budget to cancel all additional flights intended to help voters return home before polling day.

The regulator said it had filed a police report against Fernandes.

Fernandes told in he would not comment on the police report and referred to statement by AirAsia on Tuesday saying it "strongly refutes" the report lodged by Mavcom.

(Reporting by Amy Sawitta Lefevre; Editing by and Alexandra Hudson)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 15 2018. 16:41 IST