18-Jan-2013 1:44 PM

AirAsia has no plans for Korea, Cambodia, Vietnam, Singapore or Brunei JVs

AirAsia Group CEO Tony Fernandes, through his Twitter account, stated (17-Jan-2013) he has "done analysis of all business for next 5 years". He continued, "We may do one more JV. Then that's it for next 5 to 10 years. No Korea NO Cambodia No Vietnam etc. We have got a fantastic spread of countries and we will now build all of those to size of Malaysia." On Facebook, he added: "No Singapore. We serve it well already from our airlines. No Laos No Brunei. ASEAN is done. We are very strong there. So no more JV."

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