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Indonesia's transportation minister said authorities will review operations of AirAsia's local unit on Monday, following the disappearance of one of its jets carrying 162 people the day before. "Much will be reviewed in terms of its business operations and in terms of air transportation business, so that there are safety improvements," Indonesian Transportation Minister Ignasius Jonan said of the budget airline. Parent airline AirAsia's shares fell more thant 7.8 percent on Monday following the incident, the biggest one-day drop in more than three years.