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AirAsia shares tumble on fears of Indonesian unit's grounding

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Analysts said the Indonesian transport ministry's directive means that PT Indonesia AirAsia has just over three weeks to raise at least US$230 million to reverse its shareholder funds deficit.

Kuala Lumpur

A MOVE by Indonesia to enforce rules on airlines' finances pushed shares in Malaysian budget carrier AirAsia Bhd to their biggest single-day fall on Wednesday as investors feared its Jakarta-based affiliate could be grounded for a lack of funds.

Indonesia's transport

sentifi.com

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