AirAsia nears low-cost, long-haul startup

AirAsia is planning to establish a long-haul budget airline, according to local press reports, through regional affiliate FlyAsian Xpress, in which AirAsia CEO Tony Fernandes holds 50%. AirAsia Executive Director Kamarudin Meranum holds a 30% stake in FAX and Raja Azmi, AirAsia's former CFO and...

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