AirAsia to introduce low-cost carrier to Mainland China

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Malaysian budget carrier AirAsia’s branch AirAsia (China) has entered a joint venture with Everbright Financial Investment Holding and Henan Government Working Group to launch a low-cost carrier in Mainland China.
The Memorandum of Understanding was signed on Saturday and the aviation business will be based in Zhengzhou, the capital of Henan.
The agreement includes the construction of aviation infrastructure such as a dedicated low-cost carrier terminal in Zhengzhou Airport and an aviation academy to train pilots, crew and engineers, as well as maintenance, repair and overhaul facilities to service aircraft.
“We chose Zhengzhou as our base due to its strategic location and importance as a logistics hub,” said Tony Fernandes, AirAsia Group CEO, as quoted in the press release. “With President Xi Jinping’s vision of One Belt, One Road, Zhengzhou is set to become even more important, not least as the heart of low-cost air travel in North Asia.”
Currently, the budget carrier services 15 cities in Mainland China as well as Taiwan, Hong Kong and Macau.