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AirAsia’s Fernandes plans new premium carrier

14 November 2011

AirAsia chief Tony Fernandes revealed Monday his plans to start a new super-premium regional airline in partnership with national carrier Malaysia Airlines.

Fernandes said the proposed short-haul carrier would cater largely to business travellers, among others, who need to travel across the region quickly.

Malaysia-based AirAsia has become one of the airline industry’s biggest success stories after Fernandes acquired the then-failing company a decade ago.

Its 2010 full-year net profit nearly doubled to 1.07 billion ringgit ($340 million) compared to 2009.

source: The Economic Times

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