PETALING JAYA: Singapore Airlines' plans to start a long-haul budget carrier have added credibility to AirAsia X's business model and augurs well for the latter's proposed initial public offering (IPO) exercise.
“SIA would have studied this plan extensively before deciding to embark on it. The plans will definitely help us with our IPO and will give us credibility - there is a market for running a long-haul low-cost airline,” AirAsia X Sdn Bhd chief executive officer Azran Osman-Rani told StarBiz.
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