AirAsia Korea

[KK Lee 5]

According to rumour mill, Air Asia Korea is in the making

Edited January 5, 2012 by KK Lee

[Mohd Azizul Ramli 2]

Great news, especially since Tiger Korea failed.

[Christopher Lim 0]

Great news, especially since Tiger Korea failed.

 

GO GO AirAsia dominate the world.

[Fitri Shukri 0]

Just ithchy to ask, North or South?

[Zamir 0]

Just ithchy to ask, North or South?

Probably south

[Radzi 2]

Just ithchy to ask, North or South?

 

 

Probably south

 

Or they may do the unthinkable, a Unified Air Asia Korea.

[Naim 6]

I hear the young Kim is a QPR supporter.

[Waiping 12]

Well Air Asia "SAID" they want SYDNEY and not PYONGYANG.

[Raymund Yeoh 1]

Well Air Asia "SAID" they want SYDNEY and not PYONGYANG.

 

Tht was before Kim Jr came into power.....

[reezal 0]

So now it's no longer a rumour, AirAsia is very keen on setting up a Korean subsidiary. Tiger Airways has failed before. Dunno whether AK will share the same fate. The other two ASEAN ports, could it be Singapore and Myanmar? or maybe 3rd attempt on Vietnam? any AK insiders mind sharing us some insights

 

 

 

AirAsia zooming in on two more Asean countries

 

 

PETALING JAYA: After yesterday's first flight out of the Philippines and later this year out of Tokyo, AirAsia is now zooming on South Korea and two other Asean countries to set up new operations as it widens its reach to more countries in the Asia-Pacific.

“We have been looking at options in North Asia and are working on adding two more countries in Asean. In North Asia, the next potential is South Korea and we are also closing in on Japan as that is where our next launch will be.

“I will be spending the next three days in Tokyo and there they are building a low-cost air terminal to make travelling really low cost,'' AirAsia group chief executive officer Tan Sri Tony Fernandes told StarBiz.

“We are also looking at adding two more countries in Asean and we hope to announce that within the next six to eight months. We are at a very advance stage of discussions (with parties in the two Asean countries),'' he added.

However, Fernandes declined to name the two Asean countries, citing confidentiality issues, although the market is saying that it may include Myanmar and Vietnam, where the carrier has tried but failed in its first bid.

The expansion would certainly help AirAsia expand the business from its current home base in Malaysia. For now, it also has operations in Thailand, Indonesia and the Philippines. Its tie-up with All Nippon Airlines will see it begin flying from Tokyo before the year-end.

“Asean is a booming market and as we add, our connectivity gets stronger and people can then travel from places such as Kuala Lumpur to Boracay Island onto Singapore and even Perth.

“The potential is huge and most people have not seen the vision that we have,'' Fernandes said.

Fernandes was in the Philippines to send off AirAsia Philippines for is maiden flight from Clark's Diosdado Macapagal International Airport to Kalibo, the gateway to Boracay Island.

AirAsia Philippines is a joint venture between a group of Filipino businessmen, led by Tonyboy Cojuangco, and AirAsia International Ltd, led by Fernandes. It was formally launched in August 2011. The airline got its licence to fly out of Clark on Feb 7.

AirAsia Philippines has two Airbus A320 and will initially operate flights from Clark to Davao and Kalibo. Flights between Clark and Puerto Princesa will commence next month and other destinations will be added later.

AirAsia Philippines is the sixth Philippine-based commercial airline and its competitors are Philippine Airlines, Cebu Pacific Air, AirPhil Express, ZestAir and SeaAir.

“The Philippines is a fantastic market where the economy is growing. They have said it will be a level playing field for us and this is something we never heard of when a new airline takes off. They also want to build a low-cost air terminal for us and it will be really low cost for passengers and that is music to my years,” Fernandes said.

“It is a country with 100 million population, so the potential is massive and the enthusiasm of the people here makes us want to build a franchise second to none.''

 

Source: http://biz.thestar.com.my/news/story.asp?file=/2012/3/29/business/11006146&sec=business

[Ikman Ikreza 0]

AirAsia can achieve a big victory in history if they can setup AirAsia Singapore

[Isaac 0]

AirAsia can achieve a big victory in history if they can setup AirAsia Singapore

If i'm not mistaken, they have already received the green light last year...

[S V Choong 4]

If i'm not mistaken, they have already received the green light last year...

 

That will face heavy competition from the newly setup arm of Temasek Holdings... Especially now that they have also announced Tianjin as their third destination and the airline's name in Chinese, 酷航 (Cool Airlines).

[Isaac 0]

That will face heavy competition from the newly setup arm of Temasek Holdings... Especially now that they have also announced Tianjin as their third destination and the airline's name in Chinese, 酷航 (Cool Airlines).

I believe that's the purpose of setting up the new yellow medium/long-haul airline... not to let the red airline to have all the pie

 

By the way, operating cost in Australia is very high too yet Jetstar (short, medium, long-haul) are all doing fine. So perhaps this yellow airline will do very fine in SIN...

Edited March 29, 2012 by Isaac

[alberttky 0]

SEOUL: AirAsia chief executive Tan Sri Tony Fernandes is said to be in talks to buy South Korean low-cost airline T-Way Airlines.

Fernandes, however, denies this.

“At the moment, nothing is going on but we will never say never .... hopefully (there will be something) one day,” he said. “We talk to so many parties all the time.”

T-Way is the latest airline Fernandes has been linked to. Prior to this, he was said to be talking to Zest Air of the Philippines. He is also in the midst of buying Indonesia's Batawia Air.

Growing organically may have been his preferred way for AirAsia but buying up airlines is an option that gives Fernandes access to new markets and setting up AirAsia Korea is what he wants to do pretty soon.

“Buying up means spending more then a new start-up but T-Way is a smallish airline that would not cost too much.

“Having a base in South Korea gives him acces to another North Asian market after AirAsia Japan,” said a source.

Apart from Japan, AirAsia has ventured into Thailand, Indonesia and the Philippines. Fernandes is keen to spread AirAsia's wings to India, China, Vietnam and Cambodia.

T-Way has two aircraft and is flying limited routes but it could offer an entry for AirAsia into the South Korean market, which has five low-cost carriers (LCCs) that operate like full-service airlines, offering food and free baggage, unlike AirAsia's model where passengers pay separately for such services.

The five LCCs are Jeju Air, Air Busan, Jin Air, Eastar Jet, and T-Way Air all have a combined market share of 34.68% of the domestic flights, and 3.48% share of international routes as at 2010.

A total of 1.45 million passengers flew on budget airlines in January and February this year, reflecting a 30% increase from the same period last year, said a report.

Yesterday, Fernandes launched the sale of air tickets for the Seoul-Tokyo flight to be operated by AirAsia Japan. This is AirAsia Japan's first international flight and it is offering special fares for a limited period at 2,000 won for one-way fare.

The first flight will take off on Oct 28 and the next destination that AirAsia Japan will add is Busan.

Fernandes said that over a 24 month period, AirAsia Japan should be flying 10 to 12 international routes from its base in Narita.

AirAsia holds a 49% stake in AirAsia Japan while All Nippon Airways has the remaining 51%.

“Seoul could have one flight every hour as the market is massive. South Korea is not just about Samsung phones or Korean rapper Psy but also K-pop and so many other things.

“When we enter a new market, it is about growing new market share and that is what we will do here,” he said.

He added that AirAsia's sister airline, AirAsia X, now flew daily from Kuala Lumpur to Seoul and would be adding Busan and Jeju Island next.

“We are giving the people of South Korea an amazing opportunity to travel at incredible prices like never before,” he said.

http://biz.thestar.com.my/news/story.asp?file=/2012/10/11/business/12153581&sec=business

[flee 5]

T'Way Air flies B738's - so they might need replacement. It does not make sense unless he wants to fastrack the AOC. AirAsia Philippines and Japan took a while...

[Isaac 0]

Jin Air belongs to Hanjin Korean Air while Air Busan is under Kumho Asiana Group. These two are probably off-limit for now but of course never say never. Eastar Jet and Jeju Air seem to be doing fine on their own now. So T'Way (established as Hansung Airlines in 2004) sounds very logical.

 

T'Way has a very troubled start-up and it doesn't seem like it has made any money yet (there was a coverage on this on the Taiwanese Airway magazine just a few months ago). Surely an Air Asia Korea JV will benefit the current T'Way's shareholders.

[Radzi 2]

Something like AWAIR that becomes AirAsia Indonesia perhaps?

[flee 5]

Air Asia’s Foray into Korea Makes Local Airlines Nervous -

http://www.businesskorea.co.kr/article/2458/low-cost-airliner-air-asia%E2%80%99s-foray-korea-makes-local-airlines-nervous

[flee 5]

Korea's LCCs would be given a jolt if AirAsia Korea enters – but consumers would benefit

 

http://centreforaviation.com/analysis/korean-aviation-in-flux-asianas-new-ceo-comes-from-lcc-air-busan-airasia-korea-files-application-146188