1.01 background of Air Asia
Air Asia was established in 1993 and commenced operations on 18 November 1996. It was originally founded by a government-owned conglomerate DRB-Hicom. On 2 December 2001, the heavily-indebted airline was purchased by former Time Warner executive Tony Fernandes's company Tune Air Sdn Bhd for the token sum of one ringgit. This was after great deliberation as the initial offer was fifty sen. Fernandes proceeded to engineer a remarkable turnaround, turning a profit in 2002 and launching new routes from its hub in Kuala Lumpur International Airport at breakneck speed, undercutting former monopoly operator Malaysia Airlines with promotional fares as low as RM1 (US$0.27). The entrance of two new major investors has given the company more financial aids for the expansion plan. As of 14 February 2008, Air Asia X is 48%-owned by Aero Ventures (a venture of Tony Fernandes and other prominent Malaysians and Air Canada's Robert Milton), followed by 16% Virgin Group and 16%-owned by Air Asia. Bahrain-based Manara Consortium and Japan-based Orix Corp have taken a total 20 percent stake in long haul low-cost carrier Air Asia X Sdn Bhd for RM250 million. The current CEO of Air Asia X is Azran Osman Rani.
1.02 Background of MAS
Malaysia Airlines is a Malaysian state-run Airlines, service Malaysia of international and domestic routes, the air is full of southeast Asia most fleet airline. The horse boat also has a subsidiary fly hotaru airlines and Malaysia wing of the air.
Malaysia airlines founded in 1947, when is the name of the malayan aviation, early only a plane, running Singapore to Kuala Lumpur and penang and routes. The company throughout the 1940 and 1950s vigorous development, then bought several Douglas DC - 3s type airliner. In 1963 the federation of Malaysia after the establishment, the company was renamed "Malaysia airline." In 1966, as Singapore withdraw from the federation of Malaysia, the company again renamed...
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