Yvo and utiketAustralia

The best low-cost airline in the world is taking on Amazon and international banking

19 Nov 2017 17:19:23

businessinsider.com

Sixteen years ago, Tony Fernandes, with a small group of intrepid entrepreneurs, took over a failing Malaysian Government-owned airline for $0.25 and the promise to assume its $11 million in debt.


Since then, AirAsia has helped bring affordable flying to the masses in South East Asia.


In the process, the Kuala Lumpur, Malaysia-based company has become one of the most disruptive forces in commercial aviation history while making the always affable Fernandes a rockstar in the business world.


What started as a two-plane operation has now expanded to a fleet of more than 150 Airbus A320 jets with another 200 aircraft on order.


And for the past nine years, AirAsia has been named the best low-cost airline in the world by Skytrax and its reviewers.


Read full story: businessinsider.com

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