Air Asia

September 17, 2012 - 1:10pm

Malaysia’s National Aerospace and Defence Industries (NADI) and Lion Air parent PT Lion Grup of Indonesia plan to establish a new low-fare airline in Malaysia named Malindo Airways, the new partners announced Tuesday in Kuala Lumpur. Scheduled to start flights next May out of Kuala Lumpur International Airport’s regional transit hub, Malindo would compete directly with AirAsia–the biggest low-fare carrier in the region–in its home market of Malaysia, as well as Indonesia, Thailand, Australia, India and Japan.

February 18, 2008 - 11:09pm

Denmark’s Satair announced yesterday that it has agreed to acquire a 49-percent stake in the Chinese hydraulics repair specialist Ruibo.