Malaysia's AirAsia X agrees to form Thai joint venture

Reuters

KUALA LUMPUR, Sept 19 (Reuters) - Malaysian long-haul budgetcarrier AirAsia X Bhd said it had agreed to set up ajoint venture in Thailand with the chief of sister company ThaiAirAsia and an advisor to the Thai prime minister.

The joint venture, called Thai AirAsia X, marks the firstoverseas foray by AirAsia X, the long-haul arm of Asia's largestlow cost airline by passengers, AirAsia Bhd.

AirAsia X said in a filing to the Malaysian stock exchangelate Wednesday that it had reached agreement with Thai AirAsiachief Tassapon Bijleveld and Julpas Kruesopon, a businessman andadvisor to Thai Prime Minister Yingluck Shinawatra, to set upthe company.

Thai AirAsia X submitted an application for an airoperator's licence on June 20 and expected approval to begranted by end of this month.

The company will then apply for an air operator's certificate, AirAsia X said in the filing.

(Reporting by Yantoultra Ngui; Editing by Stephen Coates)

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