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AirAsia's fourth cross-border JV: Vietnam. Next stop: The Philippines (then India and North Asia)?

11-Feb-2010

AirAsia has at last broken into the high potential Vietnam aviation market, revealing the acquisition of a 30% stake in a local airline. This is the carrier's fourth ASEAN venture (after Malaysia, Thailand and Indonesia) and setting it on course to tackle its next ASEAN ambition; a venture in The Philippines. The Vietnam venture pits it against its new strategic partner, Jetstar and its local JV, Jetstar Pacific. [1494 words]

Unlock the following content in this report:

Subheadings:

  • AirAsia getting closer to ASEAN dream
  • First JV knocked back
  • Tough 18 months for Vietnam
  • Jetstar Pacific’s troubles in Vietnam
  • Good timing for AirAsia
  • Details of the new Vietnam joint venture
  • Outlook: Vietnam ticked; Next stop: The Philippines ...then India and North Asia?

Graphs and data:

  • Vietnam international tourist arrivals: 1Q2008 to 3Q2009
  • International Visitor Numbers (Vietnam): 2000 to 2012F
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