AirAsia Reportedly in Preliminary Investment Talks With Vietnam’s Vietravel Airlines
Malaysia’s AirAsia is reportedly in preliminary talks to acquire a stake in Vietnam Travel & Marketing Transports JSC. Sources indicate the discussions focus on expanding AirAsia’s presence in Vietnam’s rapidly growing aviation market while navigating foreign ownership restrictions.
AirAsia Explores Strategic Investment in Vietnamese Carrier
Malaysia-based AirAsia is reportedly in early stage discussions to acquire a stake in Vietnam Travel & Marketing Transports JSC, commonly known as Vietravel Airlines, according to people familiar with the matter. Sources indicate that Tony Fernandes, the chief executive officer of Capital A Bhd., is leading the talks as the aviation group seeks to expand its footprint in Vietnam’s rapidly growing market.
