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AirAsia and VietJet Air sign strategic partnership agreement

9-Apr-2010 8:06 AM

VietJet Air CEO, Nguyen Duc Tam and AirAsia Group CEO, Tony Fernandes signed (08-Apr-2010) a strategic partnership agreement between VietJet Aviation Joint Stock Company (VietJet Air) and AirAsia Berhad. AirAsia had earlier acquired a 30% equity stake in VietJet Air, which is launching a Vietnam-based LCC. The trade name is tentatively VietJet AirAsia. VietJet AirAsia will be operating domestic and international services. During the official signing ceremony, the companies announced they have entered into an engineering support services agreement. [more]

AirAsia: “We are grateful for the presence of the leaders of Malaysia and Vietnam as we sign this agreement for strategic partnership. Their presence today is a clear indication that we have the support of both governments in our efforts to further grow tourism in the ASEAN region. Their support is instrumental in our ability to offer low fares to the Vietnamese people and the international tourists who flock to Vietnam. VietJet AirAsia will complement the existing strengths of Vietnam’s tourism industry and help turn the country into a tourism powerhouse," Tony Fernandes, CEO. Source: AirAsia, 08-Apr-2010.

VietJet Air: “The launch of flights by VietJet AirAsia will undoubtedly benefit both leisure and business travelers. We expect our low flexible fares and world-class service quality to especially benefit people and enterprises in Vietnam, which are helping boost our economy. We’ll also connect Vietnam to more cities in ASEAN to boost intra-regional travel,” Nguyen Duc Tam, CEO. Source: AirAsia, 08-Apr-2010.