AirAsia and VietJet Air sign Strategic Partnership Agreement

Travel News Asia Latest Travel News Podcasts Videos Friday, 9 April 2010

On Thursday, Malaysian Prime Minister YAB Dato Sri Mohd. Najib Tun Hj. Abdul Razak and Vietnamese Deputy Prime Minister Mr. Truong Vinh Trong witnessed the signing of a strategic partnership agreement between VietJet Aviation Joint Stock Company (VietJet Air) and AirAsia Berhad. The agreement was signed by VietJet Air CEO Nguyen Duc Tam and AirAsia Group CEO Tony Fernandes.

AirAsia had earlier acquired a 30% equity stake in VietJet Air, which is launching a Vietnam-based low-cost airline. The trade name is tentatively VietJet AirAsia. VietJet AirAsia will be operating both domestic and international flights.

During the official signing ceremony, both companies also confirmed that they have entered into an engineering support services agreement.

Fernandes said, We are grateful for the presence of the leaders of Malaysia and Vietnam as we sign this agreement for strategic partnership. Their presence today is a clear indication that we have the support of both governments in our efforts to further grow tourism in the ASEAN region. Their support is instrumental in our ability to offer low fares to the Vietnamese people and the international tourists who flock to Vietnam. VietJet AirAsia will complement the existing strengths of Vietnams tourism industry and help turn the country into a tourism powerhouse. We will be encouraging more tourists to fly to Vietnams various beautiful destinations with our low fares and contribute to tourism receipts that will in turn spur economic benefits. 

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