AirAsia terminates Vietnamese JV plan
AirAsia has decided not to pursue its plan to create a joint venture (JV) airline in Vietnam, at least in the short term. The carrier revealed in a Malaysian stock market filing that it has “amicably agreed” with its Vietnamese partners to terminate the JV. AirAsia had formed a partnership with Gumin and Hai Au Aviation, and had indicated a Vietnamese franchise could begin operations this year. Despite the termination, AirAsia said it “remains interested in operating a low-cost airline in Vietnam”. The cancellation of the Vietnamese JV highlights the fact that the AirAsia Group has less appetite for opening new overseas franchises. In January, Fernandes said that after the Vietnamese launch, AirAsia would not open any more airlines for at least 3 years. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-18/unaligned/airasia-terminates-vietnamese-jv-plan
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AirAsia terminates Vietnamese JV plan
AirAsia has decided not to pursue its plan to create a joint venture (JV) airline in Vietnam, at least in the short term. The carrier revealed in a Malaysian stock market filing that it has “amicably agreed” with its Vietnamese partners to terminate the JV. AirAsia had formed a partnership with Gumin and Hai Au Aviation, and had indicated a Vietnamese franchise could begin operations this year. Despite the termination, AirAsia said it “remains interested in operating a low-cost airline in Vietnam”. The cancellation of the Vietnamese JV highlights the fact that the AirAsia Group has less appetite for opening new overseas franchises. In January, Fernandes said that after the Vietnamese launch, AirAsia would not open any more airlines for at least 3 years. <br/>
