Virgin may take stake in low-cost Malaysian airline
3 January 2007Virgin Group has re-entered talks with AirAsia about taking a stake in the Malaysia-based low-cost airline, in a move that would give the British company a wider foothold in the Asian market.
It is understood that AirAsia has approached Virgin in the hope that its Virgin Atlantic subsidiary would invest in the Malaysian airline. It is the second time that the two companies have spoken after Virgin Blue, the group’s Asian unit, and AirAsia discussed investment in 2003.
source: Times On Line
