skybed
12th Feb 2010, 01:56
New LCC formed by AirAsia, VietJet Air in Vietnam Friday, February 12, 2010
AirAsia has purchased a 30% equity stake in VietJet Aviation Joint Stock Company (VietJet Air).
The two companies now plan to establish a Vietnam-based joint venture low-cost carrier which will carry the name VietJet AirAsia.
AirAsia confirmed that the new airline VietJet AirAsia will operate both domestic and international flights.
“The birth of VietJet AirAsia contributes to the diversification of the aviation market in Vietnam, providing more options to meet the air travel needs of people in Vietnam and in the region,” VietJet said.
“The joint venture is a well-balanced combination of the management system, technical expertise, long-term experience in the airline industry, crew and international brand of AirAsia, and the financial strength, as well as Vietnamese market insights of VietJet Air.”
VietJet AirAsia makes Vietnam AirAsia’s fourth country base after Malaysia, Thailand and Indonesia.
The new airline is still finalizing the details on routes, frequencies and launch of flights.
Looks like Jetstar getting some of its own medicine;)
AirAsia has purchased a 30% equity stake in VietJet Aviation Joint Stock Company (VietJet Air).
The two companies now plan to establish a Vietnam-based joint venture low-cost carrier which will carry the name VietJet AirAsia.
AirAsia confirmed that the new airline VietJet AirAsia will operate both domestic and international flights.
“The birth of VietJet AirAsia contributes to the diversification of the aviation market in Vietnam, providing more options to meet the air travel needs of people in Vietnam and in the region,” VietJet said.
“The joint venture is a well-balanced combination of the management system, technical expertise, long-term experience in the airline industry, crew and international brand of AirAsia, and the financial strength, as well as Vietnamese market insights of VietJet Air.”
VietJet AirAsia makes Vietnam AirAsia’s fourth country base after Malaysia, Thailand and Indonesia.
The new airline is still finalizing the details on routes, frequencies and launch of flights.
Looks like Jetstar getting some of its own medicine;)