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Trouble for Asia’s Biggest Budget Airline Adds to Airbus Woes
With 96% of its planes grounded, AirAsia’s loss-ridden AirAsia X arm of longer routes is casting a shadow over Airbus SE
16 Apr 2020, 09:58 AM IST
(Bloomberg Businessweek) -- In 2001, when Malaysian entrepreneur Tony Fernandes introduced Asia’s first low-cost airline, AirAsia, by purchasing a failing two-plane carrier for less than $1, it was the perfect time and place. The region’s economic ascent was raising millions of families each year into a new middle class that was eager to travel. Governments from Malaysia to China were building modern international terminals and more ...
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