AirAsia to set up new low-cost airline with Vietjet Air

AirAsia yesterday said in a statement it had bought from Madam Nguyen Thi Phuong Thao a 30% equity stake in Vietjet Air for 180 billion dong that would allow it to set up a Vietnam-based joint venture low-cost airline to be known as Vietjet AirAsia. The stake sale is believed to have the approval from [...]