AVIATION - Sri Lanka's first ever budget airline ties up with Asia's best

Colombo, 20 September, (Asiantribune.com)

Bringing an end to months of speculation, HolidayAir, Sri Lanka's first-ever budget airline has officially re-launched as Air Asia Lanka, after sealing a deal with Malaysia-based Air Asia, reportedly the region's most successful budget airline.
Air Asia Lanka Chief Executive Officer (CEO) Arjun Ruzaik told the "Asian Tribune" that the deal signed in Malaysia early last month was primarily a technical collaboration, and thus his company remained a 100% Sri Lanka-owned Company. "But there is a future possibility for Air Asia (Malaysia) to acquire our company. However, we are currently operating under our own team without any stakes from Air Asia," he said. The CEO, however, noted that there were logistical issues which needed to be sorted out, which was one reason why they haven't made a big fuss about the wrapping-up of the agreement.

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