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AirAsia had talks with cash-strapped HNA over asset purchases

CEO Fernandes to move to Tokyo to battle regulatory red tape

Tony Fernandes, CEO of AirAsia, wants to accelerate the group's expansion in Japan. (Photo by Mayuko Tani)

HONG KONG -- AirAsia discussed possible acquisitions from debt-laden Chinese hospitality conglomerate HNA Group, the founder and CEO of one of the region's largest budget airlines said Tuesday.

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