KUALA LUMPUR: CIMB Equities Research has downgraded AirAsia from Add to Hold as it no longer expects the share price to perform despite low oil prices due to the oversupply of airlines in Malaysia.
It said on Thursday that Fly Mojo Sdn Bhd will launch a new full-service airline, flymojo, from October 2015, deploying CS100 jets.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
