Manila: AirAsia Bhd, Southeast Asia's biggest budget carrier, plans to form a Philippine unit by the first quarter of next year, Philippine Board of Investments head Cristino Panlilio said.
Bloomberg reported that the Philippine venture would be formed with Antonio Cojuangco, a former chairman of Philippine Long Distance Telephone Co, and start flying domestic and overseas routes in 2011, Panlilio said by phone yesterday.
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