Malaysia-based low-cost carrier (LCC) AirAsia plans to launch a new LCC in Zhengzhou, China in an effort to explore the fast-growing Chinese low-cost market. AirAsia (China) is a joint venture (JV) between AirAsia, state-backed financial firm Everbright Group and Henan Government Working Group, the airline said in a statement. Malaysian Prime Minister Najib Razak, who is visiting China, attended the signing of the JV agreement. AirAsia Group CEO Tony Fernandes said the carrier chose ...

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