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Philippines AirAsia, Inc. is a Philippine low-cost airline based at Ninoy Aquino International Airport in Pasay, Metro Manila. [5] The airline is the Philippine affiliate of the Malaysian AirAsia . The airline started as a joint venture among three Filipino investors and AirAsia Investments Ltd. (later AirAsia Aviation Limited), a subsidiary of ...
Fernandes turned AirAsia, a failing government-linked commercial airline, into a highly successful budget airline public-listed company. He has since founded the Tune Group of companies. He is the owner of Caterham Group, the parent company of British car manufacturer Caterham Cars.
Philippines AirAsia is a joint venture between Filipino investors and AirAsia. The Filipino group include Antonio Cojuangco, Jr., Yancy Mckhel Mejia, former owner of Associated Broadcasting Company with flagship television station TV5, Michael Romero, a real estate developer and port operator, and Marianne Hontiveros.
Tune was founded in late 2001 with the purchase of AirAsia by Tune Air Sdn Bhd on 2 December 2001. In 2013, Tune Group expanded its low budget hotel business (Tune Hotels) in Australia. [7] In 2018, Tune Hotels are no longer managed by Tune Group and currently under the management of Ormond Group.
This is a list of airline holding companies, that either own more than one airline or are the parent company of a single airline.. A company or firm in which the holding company owns a significant portion of voting shares, usually 20–50% or a "minority of share ownership", is known as an associate company.
The share swap deal involved exchange of shares between the owner of Zest Airways, Filipino shareholders of AirAsia Philippines, Inc. and AirAsia Berhad of Malaysia. [15] On the same day, the airlines announced a strategic alliance that would integrate the operations of both airlines while still operating as separate entities. [ 16 ]
Philippines AirAsia: Z2 APG COOL RED Manila: 2010 Founded as AirAsia Philippines and commenced operations in 2012, then 2015 as Philippines AirAsia. Royal Air Philippines: RW RYL DOUBLE GOLD Clark: 2002 Founded as Royal Air Charter Service in 2002 and started regular scheduled services as Royal Air Philippines under new management since July 2017.
Tune Hotels, legally incorporated as Tune Hotels Management Sdn Bhd, is a limited service hotel chain and part of the Tune Group, the private investment group of Tan Sri Tony Fernandes, founder and group CEO of low-cost airline AirAsia.