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AirAsia shares tumble on fears of Indonesian unit's grounding

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...

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