Malaysian LCC AirAsia followed Qantas into Vietnam by signing a letter of intent to launch a budget airline in the country in partnership with Vietnam Shipbuilding Industry Group, one of the nation's largest state-owned corporations, according to AirAsia. Last month, Qantas took an 18% stake in Vietnam Pacific Airlines that eventually will rise to 30% (ATWOnline, Aug. 1). The joint venture carrier will serve domestic, regional and international routes and will have initial capital of ...

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