AirAsia buying 30% of VietJet
AirAsia is buying 30% of Vietnamese start-up VietJet, which means the Malaysian low-cost carrier appears to have finally succeeded in its long-held ambition to enter the Vietnamese market.
AirAsia X plans to offer 33.3% of its shares in its IPO in 2013 which is expected to raise approximately USD250 million for the airline.