Branson takes stake in budget airline

Richard Branson gained a foothold in Asia’s fast-growing budget airline sector today after taking a stake in Malaysia’s AirAsia X.

Branson takes stake in budget airline
Fri, 10 Aug, 2007 - 13:58

Richard Branson gained a foothold in Asia’s fast-growing budget airline sector today after taking a stake in Malaysia’s AirAsia X.

The move marks an alliance between Richard and Malaysian entrepreneur Tony Fernandes, a former Virgin Group employee, who founded the AirAsia brand in 2001 and hopes to transform the region’s aviation market.

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CourtsBusinessHeathrowPlace: AsiaPlace: MalaysiaPlace: Kuala LumpurPlace: LondonPlace: Stansted AirportPlace: AustraliaPlace: UKPerson: BransonPerson: Richard BransonPerson: RichardPerson: Tony FernandesPerson: ChairmanPerson: Seri KalimullahOrganisation: AirAsia X.Organisation: Virgin GroupOrganisation: AirAsiaOrganisation: AirAsia XOrganisation: VirginOrganisation: Virgin AtlanticOrganisation: Virgin BlueOrganisation: Virgin MusicOrganisation: Warner Music MalaysiaOrganisation: Tune Hotels
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