While low-cost carrier (LCC) AirAsia is pushing ahead with plans to launch a new franchise in Vietnam, such moves are becoming rarer. The trend of Asia’s LCC juggernauts setting up overseas joint ventures has slowed, as the parent airlines are increasingly cautious about creating offshoots. AirAsia has traditionally been the most bullish about spreading its brand throughout Asia. However, the airline’s high-profile co-founder Tony Fernandes has stated that after a Vietnamese ...

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