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. The deal will see Malaysia Airlines and its partner establish a new low-cost carrier, which they hope can compete against low-fare carriers such as Ryanair and easyJet. Budget airline AirAsia has signed a joint venture agreement to set up a new low-cost carrier in China. 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. The deal will see Malaysia Airlines and its partner establish a new low-cost carrier, which they hope can compete against low-fare carriers such as Ryanair and easyJet. Expanding into China "represents the final piece of the AirAsia puzzle," according to the airline's CEO, Tony Fernandes.