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AirAsia To Establish Joint Venture Airline In Vietnam


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#1 Seng Lim

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Posted 31 August 2007 - 09:37 AM

AirAsia plans low-cost airline in Vietnam

KUALA LUMPUR: AirAsia Bhd will today sign a letter of intent with Shipbuilding Industry Group with a view to establishing a joint venture low-cost airline in Vietnam.

AirAsia, in a filing with Bursa Malaysia yesterday, said the proposed partnership would focus on securing the licence to operate a new Vietnamese airline that would serve domestic, regional and international routes.

“The new airline will be built on the successful low-cost model pioneered by AirAsia in this region,” it said.

The statement said the airline would carry the name VINA AIRASIA.

The new airline would serve domestic, regional and international routes, and eventually build two distinct divisions to facilitate short- and long-haul aviation, AirAsia said.

Vinashin will assist the JV company in securing grant of governmental or regulatory approvals, concessions, permission, licences, certificates and any other approvals to facilitate operations of the new airline.


http://biz.thestar.c...mp;sec=business

#2 Naim

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Posted 31 August 2007 - 12:14 PM

Yes, as per what I said recently:
http://www.malaysian.......&pid=124290

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#3 Pieter C.

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Posted 31 August 2007 - 12:38 PM

Excellent move, as a 'big market' and Vietnamese have more and more money to spend...same reason for QF to enter the market via Pacific Airlines...

Next one for AK will be China ? huh.gif

#4 Azri M.

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Posted 31 August 2007 - 01:13 PM

QUOTE(Pieter C. @ Aug 31 2007, 02:38 PM) <{POST_SNAPBACK}>
Excellent move, as a 'big market' and Vietnamese have more and more money to spend...same reason for QF to enter the market via Pacific Airlines...

Next one for AK will be China ? huh.gif


What about Hong Kong AirAsia? I thought they are proceeding to make HK a hub, and a even a thought to build an LCCT. Will HK be a good LCC hub? I thought Macau would be a better LCCT hub though.

Edited by Azri M., 31 August 2007 - 01:18 PM.


#5 Sri Ramani K.

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Posted 31 August 2007 - 01:21 PM

this was confirmed by tony yesterday, stating that they would start operations in 2008, with 2 initial aircrafts. i don't know if they're getting the 737s or the 320s.

#6 Naim

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Posted 31 August 2007 - 03:03 PM

QUOTE(Sri Ramani K. @ Aug 31 2007, 01:21 PM) <{POST_SNAPBACK}>
this was confirmed by tony yesterday, stating that they would start operations in 2008, with 2 initial aircrafts.


My insider tells me they can start flying earliest in Oct this year, but AK/DCA not ready.

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#7 Sri Ramani K.

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Posted 31 August 2007 - 05:56 PM

QUOTE
AirAsia inks pact to set up low-cost airline in Vietnam

KUALA LUMPUR, Fri.: Malaysian low-cost airline AirAsia today signed a deal with Vietnam’s state-owned corporation, Shipbuilding Industry Group (Vinashin), to establish a new frills-free carrier to be known as Vina AirAsia in Vietnam, expected to be operational in July next year.

The letter of intent for the joint venture with the initial investment of US$30 million was signed by AirAsia group chief executive officer (CEO) Datuk Tony Fernandes and Vinashin’s group chairman and CEO, Pham Thanh Binh.

The signing was witnessed by Vietnamese Prime Minister Nguyen Tan Dung, who is here to join in Malaysia’s 50th independence celebrations.

“With 84 million people in Vietnam and the fact that the country is close to China which has a population of more than a billion, the potential is huge,” Fernandes told reporters later.

He said AirAsia, which is Southeast Asia’s largest budget airline, will have a 30 per cent stake in the joint venture against Vinashin’s 70 per cent.

Fernandes said AirAsia had to settle for the 30 per cent amount as Vietnamese regulations only allowed single foreign ownerships of not more that 30 per cent.

He said Vina AirAsia, which will be the third affiliate airlines of AirAsia in the region after Thai AirAsia and AirAsia Indonesia, will have a fleet of nine aircraft over the next two years.

Vina AirAsia was still in the process of securing governmental and regulatory approvals to facilitate its operations, he said.

Fernandes further said that the new carrier will have a blue logo instead of the more familiar red.

“It’s the Vinashin group’s corporate colour. It’ll be the first time that we’ll be having a blue logo,” he said.

Vinashin is the largest shipbuilding company in Vietnam with more than 200 subsidiaries and 10 joint venture companies. Besides shipbuilding, shipping, heavy industries and construction, it has been expanding its operations into other areas such as investment, financing and property development.


http://www.nst.com.m...icle/index_html

#8 Sri Ramani K.

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Posted 31 August 2007 - 11:39 PM

off topic a little..tony's vision..haha



rofl.gif rofl.gif rofl.gif

#9 Nick R.

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Posted 31 August 2007 - 11:44 PM

WTF??!! rofl.gif rofl.gif rofl.gif
hehe..at least cover off the tail section laa.. pardon.gif

Edited by Nick R., 31 August 2007 - 11:45 PM.


#10 Andrew Yong

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Posted 31 August 2007 - 11:46 PM

QUOTE(Nick R. @ Aug 31 2007, 11:44 PM) <{POST_SNAPBACK}>
WTF??!! rofl.gif rofl.gif rofl.gif
hehe..at least cover off the tail section laa.. pardon.gif

Agree !!!! rofl.gif rofl.gif rofl.gif rofl.gif rofl.gif

#11 Walter Sim

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Posted 01 September 2007 - 12:44 AM

KAKAKAKKAA!!

Good one Tony! Love his humour!!

#12 Mai Dao

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Posted 02 September 2007 - 12:19 PM

....So VN market segments will be strong effected and devided by those low-cost Airlines.

There are Tiger Airways ( SGN-SIN-SGN ), Bangkok Airways ( SGN-BKK-SGN) and Jetstar ( SGN-SIN-SYD-SIN-SGN) are those low-cost airlines operate in SGN; and Airasean operates for HAN-KUL-HAN .

Besides, there are other still considered as rather low -cost airlines operated at SGN for common passengers such as Uni Air from SGN-KHH-SGN and Manderine- RMQ-SGN-RMQ.

Then Expectedly, there will come more and more low-cost airlines to Vietnam. And then there will be more choices for passengers, investors and bussiness men are interested to visit , to invest and to do bussiness in VN

Cheer clapping.gif

Ngoc Mai

#13 Adib

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Posted 02 September 2007 - 01:12 PM

wahaha the stewardess's skirt sucks with that top laugh.gif

#14 Ibrahim

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Posted 02 September 2007 - 02:46 PM

Gaggagaga... rofl.gif rofl.gif rofl.gif

Edited by Ibrahim, 02 September 2007 - 02:47 PM.


#15 BC Tam

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Posted 02 September 2007 - 06:40 PM

In the business world, nothing is an impossibility. Give it time ! smile.gif

#16 Pieter C.

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Posted 02 September 2007 - 08:04 PM

QUOTE(Mai Dao @ Sep 2 2007, 06:19 AM) <{POST_SNAPBACK}>
....So VN market segments will be strong effected and devided by those low-cost Airlines.

There are Tiger Airways ( SGN-SIN-SGN ), Bangkok Airways ( SGN-BKK-SGN) and Jetstar ( SGN-SIN-SYD-SIN-SGN) are those low-cost airlines operate in SGN; and Airasean operates for HAN-KUL-HAN .


Wouldn't call PG particularly LCC pardon.gif
Have seen fares between BKK-SGN-BKK which are double those of AF wink.gif
TR and 3K have, indeed, excellent fares ex SIN...



#17 Louis L.

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Posted 02 September 2007 - 11:53 PM

QUOTE(Sri Ramani K. @ Aug 31 2007, 11:39 PM) <{POST_SNAPBACK}>
off topic a little..tony's vision..haha



rofl.gif rofl.gif rofl.gif



rofl.gif rofl.gif rofl.gif rofl.gif rofl.gif


anyway ...mean it ar???? rofl.gif rofl.gif rofl.gif

#18 Fitri Shukri

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Posted 03 September 2007 - 11:03 AM

QUOTE(Sri Ramani K. @ Aug 31 2007, 11:39 PM) <{POST_SNAPBACK}>
off topic a little..tony's vision..haha



rofl.gif rofl.gif rofl.gif


hahahahaha... rofl.gif rofl.gif rofl.gif

I wonder what does singaporean has to say/laugh/swear about this!

#19 Y C LEONG

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Posted 04 September 2007 - 06:17 AM

what's next? india airasia? pakistan airasia? philippines airasia? myanmar air asia? air asean?

#20 Kenneth T

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Posted 04 September 2007 - 07:32 PM

Wow...seems like Airasia will soon rule the Asia skies..... drinks.gif




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