27-Jun-2013 10:53 AM

VietJet Air looking to launch joint ventures in Myanmar, Cambodia and Laos

VietJet Air is looking to launch JVs in Myanmar, Cambodia and Laos following the signing of a MoU with Kan Air to establish Thai VietJet, according to Managing Director Luu Duc Khanh. As reported by Bangkok Post, the subsidiaries will be established "using Thai VietJet Air's 49:51 model" of ownership with a Myanmar subsidiary expected to be the carrier's next joint venture. Mr Khanh stated VietJet Air aims to increase its A320 fleet from eight to 20 aircraft in 2014 to accommodate subsidiary carriers.