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AirAsia: cancelled the jv to create a low-cost in China

Political frictions underlying the decision?

AirAsia announced that it had abandoned plans to form a joint-venture with the Chinese financial company Everbright Group -under government control in Beijing- which would serve as the basis for creating a low-cost airline based in Zhengzhou. This will probably put an end to the ambitions of the Malaysian carrier on China; the reasons for this decision have not been clarified, but among the most reliable...

M/A - 1213892
Kuala Lumpur, Malaysia, 08/31/2018 12:57
AVIONEWS - World Aeronautical Press Agency

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