Asia's premium airline market is set for a shake-up. AirAsia's group CEO Tony Fernandes is moving ahead with his plan to establish an ultra-premium carrier, Caterham Jet, which will operate Bombardier CRJ200s in a 16-seat VIP configuration from Singapore to destinations across Southeast Asia. This endeavor is being formed in partnership with Singapore Technologies Aerospace (ST Aero) and EVIA Aviation. The new company, CJS Aviation, has $10.5 million in capital, with Fernandes's ...

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