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 ...

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