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