AirAsia Group has moved forward with plans to establish an LCC in Vietnam by signing an MOU with a Vietnamese businessman, reaffirming an earlier joint venture (JV) agreement. The Malaysia-based LCC and Tran Trong Kien inked the MOU Dec. 6. Tran is CEO of Hai Au Aviation Joint Stock Co. (HAA), Gumin Co. and Thien Minh Travel Joint Stock Co. Under the agreement, Gumin and HAA will hold 70% of the JV, with AirAsia owning the remaining 30%. “AirAsia is an Association of South ...

Subscribe to Access this Entire Article

"AirAsia Group signs MOU for new LCC in Vietnam" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? Log in here.