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Seng Lim

AirAsia To Establish Joint Venture Airline In Vietnam

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Sorry for being off topic but today we received info from TF that AXM/AK is given Malaysian Goverment approval to fly to Singapore.There will be 2 flights a day from all hubs to Singapore daily and not just from KUL and schedule operations to Singapore will start as early as this December.He said that our PM phoned him the goodnews after todays cabinet meeting.Stay tune for further info.

 

Great stuff! :good:

 

Then I can look for cheap-cheap ex-SIN tix here: http://airfares.com.sg/

 

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Perhaps someone will terguling-guling atas lantai in frustration that his 'not ready yet' argument was unconvincing. GO AK GO!!

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I sure hope KCH-Sin-Kch dream using AK comes true

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..... today we received info from TF that AXM/AK is given Malaysian Goverment approval to fly to Singapore ...... He said that our PM phoned him the goodnews after todays cabinet meeting .....

Now, if that isn't going to raise hair at back of your neck .......... ! :)

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I heard problem started when there was a tussle for shareholding between VN and MY partners.

 

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:( very sad to hear this: now no KUL-SGN and/or BKK-SGN flights for the time-being, I guess :(

 

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AIRASIA STALLS IN VIETNAM

 

The Vietnamese government has withheld its approval over the propossed joint venture between shipbuilding company Vinashin and airline AirAsia to form a low cost entity within the country. Objections had been raised by domestic operators, including Vietnam Airlines and Pacific Airlines and the proposition has (for the time being) been halted.

 

Vietnam Airlines Director General and Chairman Bguyen Sy Hung told the press that the national air carrier protested the joint venture project because "Vietnam should not be so easy on issues relating to commercial freedom." He added that his carrier still could not get the right to fly from Beijing to Moscow though it applied for that a long time ago.

 

p/s my comment? do something to attract your (Vietnam airlines), then other country probably consider you to land in their Country. Not just because other ppl wont let you and you use that to against other airlines.

 

selfish FCUK!

 

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Protecting national interest is the Government’s duty and top priority.

 

Likewise, don’t expect our gomen to permit foreign JV LCC to serve domestic routes anytime soon either

 

:drinks:

 

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well IF our gomen clever enough.. you know laa they still let ppl in to keep the relationship in harmony. too baik sangat laa (too nice)

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Protecting national interest is the Government’s duty and top priority.

 

Likewise, don’t expect our gomen to permit foreign JV LCC to serve domestic routes anytime soon either

 

:drinks:

 

It's a shame isn't it. Liberalized commercial freedoms actually benefit the country, seems like just another excuse for protectionism.

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It's a shame isn't it. Liberalized commercial freedoms actually benefit the country, seems like just another excuse for protectionism.

 

Tell that to our gomen, that is a reason why both MH and KUL are falling behind SIN, BKK, SQ, TG.

 

:drinks:

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This is really sad. The only semblance of what Vietnam has in LCC-land is the sorry excuse of an airline named Pacific Airlines (BL). What a sad set up that airline is! While it was an adventure for some enthusiast like me, some bad reviews were dished out over at airliners.net for those who were fortunate enough to get on one of their planes. Bad service, bad service and more bad service from ground to air. Having a bit of competition would surely make things more interesting because now VN and BL serve completely different demos without any one competing with them.

 

Check this one out!

http://www.airliners.net/discussions/trip_...ead.main/115380

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KUALA LUMPUR, Feb 10 (Bernama) -- AirAsia Bhd through its fully owned subsidiary, AA International Ltd, is set to establish a joint venture airline in Vietnam.

 

The venture will see the Malaysian and Vietnamese parties establishing a low cost airline in Vietnam based on the successful AirAsia business model.

 

The main Vietnamese party will be SOVICO Holdings, an established corporation with interests in banking and finance, real estate, plantation and power plants.

 

In a filing to Bursa Malaysia today, AirAsia said the venture would enhance the company's ASEAN regional expansion by providing AirAsia with additional routes and destinations.

 

"Vietnam will be a gateway which connects the travel markets of Asean with mainland China and potentially the regions of South Asia, North and East Asia including possibly Japan, Korea and Taiwan," it stated.

 

Subject to regulatory approvals, the joint-venture is expected to commence operations either in April or June this year.

 

Source: http://www.bernama.com/bernama/v5/newsbusiness.php?id=474925

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Isn't this the 2nd time they're trying this ? :huh:

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Yes, I think so - last time Vietnamese govt. did not give their approval. I think the partner is also different this time, and it looks like it may be called AirAsia too, just like the Thai and Indonesia AirAsia JVs.

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Yes, I think so - last time Vietnamese govt. did not give their approval. I think the partner is also different this time, and it looks like it may be called AirAsia too, just like the Thai and Indonesia AirAsia JVs.

 

Last time got approval, but broke down when partners bickered how to share the cake.

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Last time got approval, but broke down when partners bickered how to share the cake.

 

Supposed to be called Vina AirAsia rite...if i'm not mistaken

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I hope this time around it will be smooth sailing till the end. Vietnam is an enormous emerging economy, AirAsia must have a piece of it.

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It will be VietJet AirAsia!

 

 

"AIRASIA Bhd has bought a 30 per cent stake in Vietjet Aviation Joint Stock Company (Vietjet Air) to set up a a low-cost airline called Vietjet AirAsia.

 

Vietjet AirAsia will operate both domestic and international flights, AirAsia said in a statement yesterday.

 

Details on routes, frequencies and launch of flights are being finalised, it added.

 

Vietjet AirAsia makes Vietnam AirAsia’s fourth country base after Malaysia, Thailand and Indonesia."

 

http://www.btimes.com.my/Current_News/BTIMES/articles/20100211005850/Article/

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Air Asia will probably become the region's best known low cost airlines....

Yes, I think that if the AirAsia branding is used on all these airlines, the "virtual regional airline" will look very impressive. If you are in Changi, you might think that that is AirAsia's home airport since so many flights arrive and depart from there. To the uninitiated, the subtle differences in the flags on the noses of the aircraft don't mean much to them.

 

It looks like HKG and TPE are also receiving increasing numbers of AirAsia flights. With VietJet AirAsia, the AirAsia Web will be cast wider and flights to Japan on the A320 will be viable too. So it will add another dimension and AirAsia is truly an ASEAN airline.

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Another report on this:

 

AirAsia buying 30% of VietJet

By Leithen Francis

 

AirAsia is buying 30% of Vietnamese start-up VietJet, which means the Malaysian low-cost carrier appears to have finally succeeded in its long-held ambition to enter the Vietnamese market.

 

"The ministry of transportation of Vietnam approved the [30%] share acquisition on 9 February", says AirAsia.

 

The Vietnamese start-up will be positioned as a low-cost carrier and will be branded VietJet AirAsia and tap AirAsia's expertise to market low-cost flights, it says.

 

"VietJet is finalising details regarding routes, frequencies and launch of flights," says AirAsia, adding that the Vietnamese joint-venture will operate domestically and internationally.

 

VietJet has been trying to launch for at least two years but has kept delaying, citing the downturn in the aviation market.

 

In 2008 it signed a letter-of-intent with GE Commercial Aviation Services for two Boeing 737-700s but later cancelled the deal.

 

AirAsia, meanwhile, has been trying for years to enter the Vietnamese market in an effort to fulfil the ambitions of AirAsia's founder Tony Fernandes who wants the carrier to be in every major ASEAN market. Besides Malaysia, it already has airlines in Indonesia and Thailand.

 

In 2007, AirAsia announced it would be establishing an airline in Vietnam in partnership with the country's national shipbuilding company Vinashin.

 

It held a high-profile press event in which Vietnam's prime minister was present. Any new airline in Vietnam needs prime ministerial approval.

 

But AirAsia's joint-venture with Vinashin failed to get approval as the government tried to limit the number of air operator certificates issued. This was to protect Vietnam Airlines and, to a lesser extent, Qantas Airways' Vietnamese joint-venture Jetstar Pacific.

 

Source: http://www.flightglobal.com/articles/2010/02/11/338286/airasia-buying-30-of-vietjet.html

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AirAsia sets up Vietnam low-cost airline15:01' 11/02/2010 (GMT+7)

AirAsia,a major low-cost airline in Asia, said it has purchased a 30 percentstake in VietJet Aviation of Vietnam to establish a budget carrierbased in the country.

images1922638_AirAsia.jpg

AirAsia’sVietnam representative office sent out a statement Thursday saying thatthe new carrier will be called VietJet AirAsia.

AirAsia aircraft at Noi Bai International Airport in Hanoi (Photo: VNE)

AirAsia said in a statementlate Wednesday from Kuala Lumpur that the Ministry of Transportation ofVietnam approved the share acquisition on Tuesday, February 9. It didnot reveal how much it paid for the acquisition.

The new carrier will beoperating both domestic and international flights, AirAsia said. It iscurrently finalizing details regarding routes, frequencies and launchof flights.

The formation of the new airline makes Vietnam AirAsia’s fourth country base, following Malaysia, Thailand and Indonesia.

AirAsia said it joined the venture to expand its reach in Vietnam and open the country as another gateway in the ASEAN region.

It added the joint venture“will be tapping be tapping the expertise of both AirAsia and VietJetAir for the successful operation and marketing of low-cost flights.”

Subject to regulatory approval, the venture is expected to start operations either in April or June this year.

VietJet Air was licensed tooperate in December 2007 as a partnership of SOVICO Holdings (anestablished corporation with interests in banking and finance, realestate, plantation and power plants), T&C Group and Ho Chi MinhCity Housing Development Bank, or HDBank.

However, VietJet Air hasnot launched its flights due to fuel price fluctuations and the globaleconomic downturn that began late 2008.

Vietnam has so far approvedthree private airlines namely VietJet Air, Indochina Airlines andMekong Aviation. Indochina Airlines stopped flights in November lastyear due to losses. Mekong Aviation had plans to start operations thisyear on domestic routes but no developments have been seen so far.

Meanwhile, there are no signs of when the national carrier – Vietnam Airlines – would launch low-cost services.

 

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