AirAsia has acquired a 30% equity stake in
VietJet Aviation Joint Stock Company (VietJet Air) to establish a
Vietnam-based joint venture low-cost airline which will carry the
name VietJet AirAsia.
The Ministry of Transportation of Vietnam
approved the share acquisition on 9 February 2010.
VietJet AirAsia will be operating both domestic and international
flights and is currently finalizing details regarding routes,
frequencies and launch of flights.
The formation of
VietJet AirAsia makes Vietnam AirAsiaís fourth country base,
following Malaysia, Thailand and Indonesia.
VietJet AirAsia will be tapping the expertise of both
AirAsia and VietJet Air for the successful operation and marketing
of low-cost flights.
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