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The government may cancel the acquisition of local airline Batavia Air by Malaysian airline, AirAsia Berhard, and its Indonesian partner, if the transaction breaches the ownership limit imposed on for
JAKARTA, Indonesia - Largest budget airline in Asia, AirAsia Bhd, is purchasing Indonesian carrier Batavia Air for $80 million in cash.
Batavia Air may be put up for sale by its founder, Yudiawan Tansari, as he plans to take a backseat from his illustrious career in the air travel industry, his daughter Alice Tansari told mergermarket