A new low-cost airline, AirAsia Cambodia, was launched yesterday marking a significant milestone in Southeast Asian aviation. The chief executive of Capital A, AirAsia’s parent company, Tony Fernandes, anticipates a promising outlook for aviation in the region, driven by an increased influx of Chinese tourists, particularly in Thailand, despite soaring fuel costs and a robust US dollar.
“Despite the economic downturn, the demand for air travel in Southeast Asia remains robust.”
He also noted a 25% rise in average airfares compared to pre-pandemic levels, attributing this to the lessons learned from the pandemic, thereby reducing the likelihood of an immediate price war among airlines.
Fernandes also envisaged a potential reduction in airfares if regional central banks reduced their interest rates, an event he predicted might occur in 2025. Concurrently, an agreement was signed between AirAsia Aviation Group, the aviation…
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