Air Asia to invest in $43.8m JV for low-cost airline in Vietnam

AirAsia Group CEO Tony Fernandes speaks during a group news conference in Tokyo July 1, 2014. REUTERS/Issei Kato

Malaysian budget carrier Air Asia Bhd is forming a $43.8 million (VND 1 trillion) joint venture for a low-cost airline in Vietnam where Air Asia will contribute 30 per cent of the capital to the JV, that is expected to start flying early next year.

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