1. Low-Cost Challenger.
- Author
-
Dennis, William
- Subjects
- *
AIRLINE industry , *BOEING airplanes - Abstract
Another Southeast Asian carrier, itself a spinoff of a recent startup, is ready to challenge the powers-that-be with discount services. Known now as Air Asia Aviation, the discounter is to begin operations from here next February to six domestic points using two Boeing 737-300s. Air Asia turned to the Thai telecommunications company Shin Corp. to take a 50% stake in the new venture. Shin Corp. is owned by the family of Thailand's Prime Minister, Thaksin Shinawatra, although it's being portrayed as a non management investor.
- Published
- 2003