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AirAsia planning to buy South Korean budget carrier T-Way Airlines

Media reports have recently indicated that AirAsia is planning to buy South Korean budget carrier T-Way Airlines.

The reports said that Tony Fernandes, Chief Executive of AirAsia, is holding negotiations with the owner of South Korean low-cost carrier.
According to media reports, Fernandes has however declined to comment on this development. He said that AirAsia is constantly talking to various companies most of the times, and hopefully something will emerge one day.
Earlier, AirAsia was into talks with Zest Air, a budget carrier in the Philippines. The airline had also reached a stage where it was all set to buy Batavia Air, a low-cost carrier from Indonesia.

By acquiring new budget carriers, AirAsia wants to expand its flight network in various Asian destinations. Currently, AirAsia flights are offering its services into Japan, Philippines, Indonesia and Thailand. The airline also wants to extend its reach to India, Vietnam, China and Cambodia.

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