Following on the heels of its first subsidiary airline in Thailand, Vietnam's low-cost carrier VietJet Air is in talks to create similar joint-venture carriers in Myanmar, Cambodia and Laos.
VietJet Air managing director Luu Duc Khanh (seated left) and Kan Air president Somphong Sooksanguan (seated right) sign a memorandum of understanding establishing Thai VietJet Air in a ceremony witnessed by Vietnamese Deputy Prime Minister Nguyen Xuan Phuc (standing third from left) along with Thai and Vietnamese dignitaries at Plaza Athe´ne´e Bangkok yesterday. PATIPAT JANTHONG
Forming subsidiary airlines in neighbouring countries is a key strategic tool for the airline, which only took to the skies in December 2011, to capture the region's fast-growing budget air travel market.
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