The Korean Ministry of Land, Infrastructure and Transport (MLIT) has thrown a wrench into Tony Fernandes’ Asian expansion plans by mandating that local Korean airlines or investors cannot set up joint ventures (JVs) with foreign-based low-cost carrier (LCC) operators. This means that AirAsia will have to shelve its plans for a Korean AirAsia operation, as filed in an application to MLIT last December. The planned LCC, called Air Asia Korea, was AirAsia’s second attempt at buying ...
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