Fresh from his trip to the US for the launch of Virgin America, Richard Branson was in Kuala Lumpur Friday to announce that Virgin Group purchased a 20% share of Malaysia's FlyAsianExpress, which will operate low-cost, long-haul flights as AirAsia X. Price of the stake was not disclosed. AirAsia X expects to launch service next month. The airline has three A330s on lease and has ordered 10 396-seat A330-300s plus five options (ATWOnline, April 24). Last week it announced that it has secured ...
Subscribe to Access this Entire Article
"Virgin takes 20% in new AirAsia X" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.
