AirAsia won't buy Valuair

Sat, 23 Jul 2005, 00:00 WIB | Source: AP

HONG KONG: Malaysia's AirAsia Bhd., Southeast Asia's biggest
budget airline, said on Friday that it had decided not to buy
Singapore rival Valuair.

"We have considered it, but we decided that we are not going
into Valuair. It doesn't fit with our business model," AirAsia
Chief Executive Tony Fernandes said.

Fernandes also said AirAsia is still talking to the Hong Kong
Airport Authority about opening flights to the city, but an
outcome isn't expected soon. -- AP

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