AirAsia to launch new Chinese low-cost carrier with Everbright

AirAsia to launch new Chinese low-cost carrier with Everbright

REUTERS/Olivia Harris

Malaysian budget carrier AirAsia Bhd has signed an agreement with China Everbright Group, a Chinese state-owned conglomerate and Henan Government Working Group to start a low-cost airline in China, an outfit that could be formed either through an acquisition or a new airline license.

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