via CNA Travel
Malaysia
Timeline: From budget-airline pioneer to financial strain - how did AirAsia get here?
Sep 17, 2026 at 09:39 AM
3 weeks ago
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Bought for RM1 in 2001, AirAsia grew from a struggling Malaysian carrier into one of Asia’s best-known low-cost airline groups, but more than two decades later, it is facing mounting financial pressure from debt and rising fuel costs.
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