Air Asia - MAS share swap deal - Is it win-win for the people?

It took everyone by surprise when a share swap deal was announced between Khazanah Nasional Bhd and Tune Air Sdn Bhd. Under this deal, Tune Air, holding company of AirAsia, will own  20.2% shares of MAS, whereas Kazanah will  have a 10% stake in AirAsia. Before the share swap (presently), Khazanah owns 69% of MAS, which will be diluted to 49%, post-share swap. The deal came about when Tan Sri Azman Mokhtar and AirAsia’s group CEO Tan Sri Tony Fernandes had a long chat on a flight to the US a few months ago.