Questioning air Alliances

Negotiations came to a stop on a Wednesday two weeks ago. That night, the CEO of Malaysia-based AirAsia Berhad, Tony Fernandes, CEO of Fersindo Nusaperkasa, Dharmadi, and Batavia Air President, Yudiawan Tansari, finally shook hands on a deal following five hours of exhausting talks at the Ritz-Carlton. Fersindo is owner of a 51 percent stake in the low-cost carrier Indonesia AirAsia, or IAA. Less than 24 hours later, the trio returned to sit at a single table in the same place. This time, they officially announced to reporters that AirAsia had acquired Batavia Air.

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