AirAsia denies privatisation plans again

AirAsia Bhd has denied that its founders are planning to privatise the airline. In a filing with Bursa Malaysia, the company referred to a news article earlier this week and said that after making due enquiries with all the company’s directors, it was not aware of the reason for the article. Over the weekend, it had been reported that Tune Air was planning to privatise AirAsia with China Everbright Bank Co Ltd. Citing sources familiar with the matter, the report also said company officials had stated that they had not received any formal offers and would not comment. Since AirAsia was listed in Nov 2004, rumours of a privatisation have surfaced about 5times. A privatisation, if true, and at the last share price of RM1.81, would mean RM4.08b to be forked out by both Tune Air and China Everbright. <br/>