Tony Fernandes’s decision to ease growth plans at AirAsia Group is a rare display of caution following his expansion across the continent, as the region absorbs some of the largest aircraft orders of the past decade.
IndiGo, India’s biggest airline, joined an industry group in opposing AirAsia Bhd.’s application for local operations, threatening to delay plans of the region’s largest discount carrier to start flights by March.
Airbus Group NV and Boeing Co. spent a week with Asian companies sounding more like cocktails than airlines, some of which didn’t exist a year ago, highlighting the region’s status as one of the most dynamic aircraft markets.
AirAsia Bhd., Southeast Asia’s biggest budget carrier, is close to restarting plans for a Japanese unit after a partnership with ANA Holdings Inc. unraveled in June, Chief Executive Officer Tony Fernandes said.
AirAsia Bhd., the region’s biggest budget airline, is aiming to start flights in India and bring more competition to one of the world’s fastest growing markets. The only thing standing in the way: a law dating back to the 1930s.