AirAsia moves in

Southeast Asia Globe - - Agenda -

As the mar­ket for air travel in Viet­nam con­tin­ues to soar, Asia’s largest bud­get air­line by fleet, AirAsia, has an­nounced it plans to es­tab­lish a low-cost car­rier in the coun­try with lo­cal part­ners.

The Malaysian car­rier will part­ner with Gu­min Com­pany on the joint ven­ture. Pas­sen­ger traf­fic in Viet­nam, the re­gion’s fifth-largest avi­a­tion mar­ket, surged 28% to 52 mil­lion trav­ellers last year.

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