AirAsia plans to launch world’s first low-cost network carrier

AirAsia has unveiled its plans to launch the world’s first low-cost network carrier, drawing on 22 years of its multi-hub strategy through its subsidiaries in Malaysia, Thailand, Indonesia, the Philippines, and soon Cambodia. The announcement was made during a welcoming ceremony of Christian Scherer, recently appointed CEO of the commercial aircraft business of Airbus, to AirAsia’s corporate headquarters in Malaysia. “All of our achievements, including becoming one of the largest and most popular airlines in the world, have been possible with our great partnership with Airbus” explained Tony Fernandes, CEO of Capital A (the umbrella company for the AirAsia group