Wednesday, November 2, 2011

Rafidah: No monopolistic practices in AirAsia-MAS tie-up

KUALA LUMPUR (Nov 2): AirAsia X Bhd chairman Tan Sri Rafidah Aziz sought to quash fears that a tie-up between Malaysia Airlines Systems (MAS) Bhd and AIRASIA BHD [] will result in monopolistic practices between the two carriers following the share swap exercise.

Rafidah said on Wednesday that the share swap agreement between the shareholders of both airlines will not result in any behavior that would violate anti-trust laws.

"Nobody should have undue worries, have no fear of monopoly. We (AirAsia and MAS) are guided by very strict anti-trust laws overseas and in Malaysia when the competition laws come into force next year," Rafidah told a press conference at the Malaysia Europe Forum, of which she is patron.

The Malaysian Competition Commission is currently reviewing the possible impact of the MAS-AirAsia collaboration on the local market, and would advise both airlines on the possible do's and dont's.

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