PETALING JAYA - More than a year into its partnership to form the country’s newest airline, Malindo Air, owners Indonesian billionaire Rusdi Kirana and National Aerospace Defence & Industries Bhd (Nadi) are said to have fallen out, with talk of a possible exit of Nadi from the business.
Sources say that the bone of contention between the two is to do with the leadership and management of Malindo Air.
It is understood that Nadi, which has largely been content with letting Rusdi steer the airline, is now keen to appoint its own candidate to helm it. Rusdi, however, is adamant that Chandran Rama Muthy, his former personal assistant remains as CEO of the airline.
This difference of opinion, among others, has led to the possibility of Nadi selling its stake in Malindo Air.
Checks with Companies Commission Malaysia however found that the shareholding in the company, Malindo Airways Sdn Bhd, has not changed.
The documents which were last updated on October 2012, showed that Nadi holds a 50.99% stake in Malindo Airways, its president Tan Sri Ahmad Johan one share, Rusdi another share while his Lion Grup holds the remaining 48.99% stake.
Rusdi did not respond to a request for comment.