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The Economic Times

Top News / The Economic Times

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AirAsia Co-Founder Tony about to give the world a new airline

Tony Fernandes, co-founder of AirAsia X, is set to launch a new airline. This aggressive expansion comes despite rising oil prices. The new carrier is expected to be announced soon. Fernandes sees opportunities within the current market challenges. AirAsia is reallocating aircraft for this new venture. This move follows a significant aircraft order for smaller planes to boost Asian connectivity.

7 May 2026 1:42 pm