AirAsia Signs Letter Of Intent For New JV

Kuala Lumpur-based AirAsia signed a letter of intent with Vietnam Shipbuilding Industry Group (VSIG) to set up a new low-fare airline. To be named Vina AirAsia, the carrier will be based in Hanoi. VSIG will hold 70% stake, while AirAsia will hold the remaining 30%. The joint venture will have a...

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