Indonesian low-cost carrier Lion Air and Malaysian travel conglomerate Berjaya Group have abandoned plans to enter Malaysiaâ€™s low-cost carrier market, and AirAsiaâ€™s investment in flag carrier Malaysia Airlines (MAS) may be one of the reasons. Lion Air and Berjaya announced in early June that they planned to transform Berjaya Air, a small turboprop operator, into a low-cost carrier operating ATR 72-500s and Boeing 737-900ERs. Lion Air was to own 49% of the airline, they said at the time. ...
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