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23-06-2015, 10:49 AM
Both Noble and AirAisa are under attacked, but AirAsia has been taking a very positive approach, comparing with Noble, IMO
(not vested in both)
AirAsia says aviation laws prevent it from consolidating associates' accounts
KUALA LUMPUR (June 22): AirAsia refuted on Monday a report that had said the airline was unwilling to consolidate the accounts of its foreign associates and be more transparent about its finances, saying it was prevented from doing so by aviation regulations.
Little-known Hong Kong-based GMT Research said in a June 10 report that AirAsia is unwilling to consolidate the accounts of its foreign associates.
AirAsia's internal audit committee said in a statement the airline had, in fact, been in talks with its auditors PricewaterhouseCoopers and the local authorities on how it can consolidate its associates, over which it has substantial influence despite being a minority owner.
It was advised that it is unable to do so, however, as it does not have legal control over its units in Indonesia, Philippines, Thailand and India due to local aviation regulations, it said.
...
http://www.theedgemarkets.com/sg/node/210714
(not vested in both)
AirAsia says aviation laws prevent it from consolidating associates' accounts
KUALA LUMPUR (June 22): AirAsia refuted on Monday a report that had said the airline was unwilling to consolidate the accounts of its foreign associates and be more transparent about its finances, saying it was prevented from doing so by aviation regulations.
Little-known Hong Kong-based GMT Research said in a June 10 report that AirAsia is unwilling to consolidate the accounts of its foreign associates.
AirAsia's internal audit committee said in a statement the airline had, in fact, been in talks with its auditors PricewaterhouseCoopers and the local authorities on how it can consolidate its associates, over which it has substantial influence despite being a minority owner.
It was advised that it is unable to do so, however, as it does not have legal control over its units in Indonesia, Philippines, Thailand and India due to local aviation regulations, it said.
...
http://www.theedgemarkets.com/sg/node/210714
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