AirAsia's fourth cross-border JV: Vietnam. Next stop: The Philippines (then India and North Asia)?

AirAsia has at last broken into the high potential Vietnam aviation market, revealing the acquisition of a 30% stake in a local airline. This is the carrier's fourth ASEAN venture (after Malaysia, Thailand and Indonesia) and setting it on course to tackle its next ASEAN ambition; a venture in The Philippines. The Vietnam venture pits it against its new strategic partner, Jetstar and its local JV, Jetstar Pacific. [1494 words]

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This report contains the following subheadings:

• AirAsia getting closer to ASEAN dream
• First JV knocked back
• Tough 18 months for Vietnam
• Jetstar Pacific’s troubles in Vietnam
• Good timing for AirAsia
• Details of the new Vietnam joint venture
• Outlook: Vietnam ticked; Next stop: The Philippines ...then India and North Asia?

This report contains the following charts and tables:

• Vietnam international tourist arrivals: 1Q2008 to 3Q2009
• International Visitor Numbers (Vietnam): 2000 to 2012F