Indonesian low-cost carrier Indonesia AirAsia (IAA) looks set to cease operations as a standalone carrier, and be merged with sister AirAsia subsidiary, Indonesia AirAsia X (IAAX). The move may have been precipitated by the recent Indonesian Transportation Ministry (ITM) threat to revoke air operator certificates (AOCs) for airlines that reported negative equity. In July, ITM named 13 Indonesian carriers that did not comply with Indonesian fleet and operations funding requirements, one of ...

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