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[AIRASIA]

Things could well change for the better guys.....:

"DJ Malaysia's AirAsia May Be Taken Private - Report

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KUALA LUMPUR (Dow Jones)--Malaysian low-cost carrier AirAsia Bhd. (5099.KU) may soon be taken private by its controlling shareholders, a business weekly reported Saturday, quoting unnamed sources.

The major shareholders felt a buyout was the best solution to extract value from AirAsia and chart its progress as it expands its fleet size, The Edge said.

"There has always been scepticism about (the airline's) business model from investors looking at short-term returns. This has frustrated the major shareholders," the weekly quoted a source as saying. The report did not give further details of the possible buyout.

Tune Air Sdn. Bhd., controlled by AirAsia's Chief Executive Tony Fernandes and deputy CEO Kamarudin Meranun, holds a 30.7% stake in the airline, while the Employees Provident Fund, which holds 7.7% of the shares, is another substantial shareholder.

The Edge also quoted other unnamed sources as saying that Fernandes and his associates have lined up potential regional investors to take up stakes in the airline if their buyout is successful. No further details were provided.

Newspaper website: www.theedgedaily.com



(END) Dow Jones Newswires

October 05, 2008 05:45 ET (09:45 GMT)

Copyright (c) 2008 Dow Jones & Company, Inc."

I am sure they'll offer a much better price than the current one....maybe time to get in???

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