Thailand’s long-haul travel market is set for a shake-up now that Malaysia’s AirAsia X’s is planning to launch a long-haul carrier. In its initial public offering prospectus, AirAsia X says it owns a 33% stake in Bangkok-based Thai AirAsia X, which was incorporated March 12. The airline will provide long-haul, low-cost airline services, says the filing. AirAsia X says initially it will inject $3.3 million into this new airline, and may have to supply more funds. It does not say when ...
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