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AirAsia's Kamarudin
Meranun, Everbright Financial Investment Holding's Wang Weifeng, Malaysian
prime minister Najib Tun Razak, AirAsia's Tony Fernandes, China Everbright
Group's Gao Yunlong and Henan Airport Group's Li Weidong
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AirAsia has signed an MoU with Everbright and
Henan Government Working Group outlining the incorporation of a joint venture
to be known as AirAsia (China).
Under the agreement, AirAsia (China) will be
based in Zhengzhou, capital of Henan province, and invest in aviation
infrastructure, including a dedicated LCC terminal at Zhengzhou airport and an
aviation academy to train pilots, crew and engineers, as well as maintenance,
repair and overhaul (MRO) facilities to service aircraft.
AirAsia Group CEO Tony Fernandes said: “We
chose Zhengzhou as our base due to its strategic location and importance as a
logistics hub. As China’s gateway to Europe, Zhengzhou sits at the centre of a
vast rail, highway and air transport network that forms the linchpin of China’s
development plans for its central and western regions. With president Xi
Jinping’s vision for One Belt, One Road, Zhengzhou is set to become even more
important, not least as the heart of low-cost air travel in North Asia.
“This Chinese venture represents the final
piece of the AirAsia puzzle. In just 16 years, we have successfully built a
presence in Malaysia, Thailand, Indonesia, Philippines, India and Japan, with
China closing the loop on all major territories in Asia-Pacific."
Henan
Provincial People’s Government deputy governor Shu Qing, said: “With AirAsia
supporting the city’s aeropolis – an industrial, commercial and logistics zone
five times the size of Manhattan with the airport at its heart – we have
absolute confidence that we will succeed in transforming Zhengzhou into the new
hub for global transport and logistics.”
-TTG Asia.
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