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AirAsia was established as a full-service airline in 1993 and began operations on 18 November 1996. It was founded by a government-owned conglomerate, DRB-HICOM.On 5 September 2001, the heavily indebted airline was bought by former Time Warner (now known as Warner Bros. Discovery) executive Tony Fernandes and Kamarudin Meranun's [5] company Tune Air Sdn Bhd for the token sum of one ringgit ...
However, due to the low-cost model of the business, this would be unlikely and it is possible that a significant number destinations may be terminated to optimise route efficiency. AirAsia has 180 flights daily, not including its subsidiaries airlines. AirAsia X has 21 flights daily.
Zest Airways received a mix of $16 million cash and a 13% share in AirAsia Philippines, while AirAsia Philippines now owns 85% of Zest Airways, with 49% of its voting rights. The deal closed on 10 May 2013. The agreement also gave AirAsia Philippines access to Ninoy Aquino International Airport, allowing further growth of its route network. [14]
In May 2007, Thai AirAsia's management acquired 100 percent of Asia Aviation. Thai AirAsia is 55 percent owned by Asia Aviation and 45 percent owned by Malaysia-based AirAsia Group. In June 2016 King Power purchased a US$225 million stake in Thai AirAsia. The purchase of 39 percent of holding company Asia Aviation makes King Power the second ...
AirAsia X Berhad, doing business as AirAsia X (previously known as FlyAsianXpress Sdn. Bhd.), [3] is a Malaysian long-haul low-cost airline and a sister company of AirAsia. It commenced operations on 2 November 2007 with its first service flown from Kuala Lumpur International Airport , Malaysia, to Gold Coast Airport in Australia.
AirAsia Cambodia (Khmer: អ៊ែរ អេស៊ា ខេមបូឌា) is a Cambodian low-cost airline based at Phnom Penh International Airport. It is a joint venture between the Malaysian AirAsia and Cambodian local enterprise Sivilai Asia .
The current airport is located in the outskirts of Guangzhou's Baiyun District and Huadu and opened on 5 August 2004 as a replacement for the 72-year-old, identically named former airport, which is now closed. Built at a cost of 19.8 billion yuan, the new airport is 28 kilometres (17 mi) north of downtown Guangzhou and nearly five times larger ...
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