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

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

Capital A 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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter