AirAsia is among the most profitable low-cost carriers in the world and in the past decade it has expanded like no other budget airline in Asia. It has one of the lowest unit costs and thrives on its ancillary income.
Last year it carried more than 30 million passengers in 105 aircraft across Asia and this year the numbers will be more impressive. Its flamboyant boss, Tony Fernandes, is constantly on the lookout for more ventures, to expand routes and destinations.
South Korea is its next target market for a joint venture, though a market such as Vietnam cannot be overlooked despite an earlier failed attempt. India and China remain on Mr Fernandes’s radar screen, but entry into these markets may take some time.
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