AirAsia to form alliance with Virgin'
Afp, Kuala Lumpur
Asian low-cost airline pioneer Tony Fernandes looks set to score a major coup with British businessman Richard Branson coming on board to help get his struggling, high-risk long-haul venture off the ground, analysts said Tuesday. Branson of Virgin Group is to take a 20 percent stake in Malaysia's AirAsia long-haul budget carrier, a report said. AirAsia chief executive Tony Fernandes declined comment on the report even as the company said it would be making a major announcement on Friday. In a separate statement, however, the company said long-haul operator "AirAsia X will be making a major announcement (Friday) involving a strategic global investor. We promise you it will be a memorable one."
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