Director of Khazanah Nasional Azman Mokhtar, chairman of Malaysian Airline System Md Nor Yusof and group chief executive officer of AirAsia Tony Fernandes pose during signing ceremony in Kuala Lumpur

0

Director of Khazanah Nasional Azman Mokhtar (L), chairman of Malaysian Airline System (MAS) Md Nor Yusof (C) and group chief executive officer of AirAsia Tony Fernandes pose during a signing ceremony in Kuala Lumpur August 9, 2011. Malaysia’s national carrier MAS and Airasia have agreed to set aside their rivalry and work together after signing a share swap agreement on Tuesday. Based on the terms of the agreement, AirAsia’s major shareholder Tune Air, controlled by its two principal founders Fernandes and Kamarudin Meranun, will buy a 20.5 percent stake in MAS from MAS’ major shareholder Khazanah Nasional. REUTERS/Bazuki Muhammad (MALAYSIA – Tags: TRANSPORT BUSINESS)