AirAsia CEO says talks about opening Myanmar airline have stopped


AirAsia is partnering with Silicon Valley accelerator Plug and Play to dig up new talents in travel technology.

BANGKOK: Talks between AirAsia Group Bhd and a partner to open an airline in Myanmar "have stopped", the group's chief executive told reporters on Tuesday.

In an interview with Reuters in March, the chief executive, Tony Fernandes, said his budget carrier was in talks with a potential partner to open an airline serving Myanmar, which would help the low-cost carrier to cover up to 95 per cent of the Southeast Asian travel market.

But Fernandes told reporters at an AirAsia event in Bangkok the talks were off.

"The negotiations have stopped. We are not moving ahead with Myanmar at the moment," he said.

He did not identify the potential partner in March and declined to do so again on Tuesday. - Reuters

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set to open lower as Meta Platforms, economic data weigh
Al-’Aqar REIT aims to acquire yield-accretive properties from KPJ Healthcare
Samenta wants micro enterprises to be exempted from e-invoicing
Pantech seeks Main Market listing for subsidiaries via SPV
Inta Bina secures RM224.80mil contract for serviced apartment project
UMediC transfers to Main Market
Ringgit closes marginally higher against US dollar
AirAsia X mulls flying to Eastern Europe, London and Orlando
MKHOP posts RM16mil net profit in 2Q24
Gobind: Appointment of new DNB board members marks major milestone in 5G network restructuring

Others Also Read