Tony Fernandes News
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AirAsia X Bhd., the long-haul arm of Asia’s biggest budget carrier, has started gauging investor interest for its $300 million Malaysian initial public offering.
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Queens Park Rangers manager Harry Redknapp will stay at the west London club next season when it’s relegated to England’s Championship, the team said.
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The following is a roundup of soccer stories from U.K. newspapers, with clickable Internet links.
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Tata group, which started India’s first airline in 1932, is set to return to the industry as new Chairman Cyrus Mistry plans a budget carrier with Tony Fernandes’s AirAsia Bhd.
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Asia will be able to take in more aircraft as economic growth and a population of more than 3 billion people will sustain travel demand, said Tony Fernandes, head of AirAsia Bhd., the region’s biggest low-fare carrier.
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AirAsia Bhd., the region’s biggest budget carrier, is considering offering some seats for free when it starts flying in India, a company official with direct knowledge of the matter said.
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Queens Park Rangers owner Tony Fernandes said he won’t try to match big-spending rivals even after teaming with one of the world’s richest families at the newly promoted Premier League soccer club.
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PT Lion Mentari Airlines plans to set up ventures across Asia and Australia to expand after placing orders of more than $45 billion with Airbus SAS and Boeing Co. in the past two years.
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AirAsia Bhd., Southeast Asia’s biggest discount carrier, reported profits in all but one year in the past decade. It’s now entering a market where the industry has lost more than $6.6 billion in five years.
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AirAsia Bhd., Southeast Asia’s biggest budget carrier, bought a 49 percent stake in Philippine rival Zest Airways Inc., increasing its bet on a surge in travel in the country.
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