Vietnamese low-cost carrier VietJet has signed a memorandum of understanding with Thai carrier Kan Air to establish Thai VietJet Air, a joint venture operation in Bangkok. Kan Air’s owner, Thailand’s Kannithi Group, will own 51% of the new airline and the remaining 49% will be held by VietJet’s owner, Vietnamese conglomerate Sovico. The partners say Thai VietJet Air will be a low-cost carrier operating Airbus A320s, the same aircraft type as VietJet, on domestic and short-haul ...

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