Kuala Lumpur - based budget airline Air has signed an agreement to set up a low - cost carrier in Zhengzhou , China in partnership with the Wanda Group . In the next decade China is likely to join the US to become the largest aviation market in the world . Air already has a presence across the globe , with operations in India , Thailand , the Philippines , Japan and its native Malaysia . Expanding into China " represents the final piece of the AirAsia puzzle , " according to the airline 's CEO , Tony Fernandes .
Kuala Lumpur-based budget airline AirAsia has signed an agreement to set up a low-cost carrier in Zhengzhou, China in partnership with the Everbright Group. In the next decade China is likely to overtake the US to become the largest aviation market in the world. AirAsia already has a presence across the continent, with operations in India, Thailand, the Philippines, Japan and its native Malaysia. Expanding into China "represents the final piece of the AirAsia puzzle," according to the airline's CEO, Tony Fernandes.