AirAsia said in a regulatory filing yesterday that it plans to take an initial 20% stake in FlyAsianExpress, the small Malaysian domestic airline 50% owned by AirAsia CEO Tony Fernandes that will launch long-haul, low-cost service in July under the brand name AirAsia X (ATWOnline, Jan. 8). FAX won authority last week to operate long-haul routes not served by Malaysia Airlines, and Fernandes said initial flights would be to a UK city, Guangzhou and Tianjin. AirAsia has the option to raise its ...

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