AirAsia eyes Vietnam launch, turnaround India and Japan units

AirAsia Group CE Tony Fernandes says the group has no plans to establish new subsidiaries over the next 3 years, apart from a unit in Vietnam. Fernandes says the carrier will focus its efforts on launching AirAsia Vietnam, as well as making Indonesia AirAsia and AirAsia Philippines "very profitable". Last December, AirAsia signed a memorandum of cooperation with Thien minh Travel for a Vietnamese joint venture. Meanwhile, AirAsia's Indonesia and Philippines units, which have suffered losses over the years, have had their financials incorporated into the Group since the start of 2017. AirAsia has said that it is planning for a secondary listing for its Indonesia operations in fiscal 2019. Fernandes is also expecting AirAsia India and AirAsia Japan to be profitable by 2021. <br/>