Malaysian budget airline AirAsia has shelved plans to start a
budget airline here.
Singapore auhorities had granted approval to the airlines' rivals
even though AirAsia had applied for an air operator's licence
earlier, in January.
AirAsia chief, Tony Fernandes said: "No one in Singapore ever
replied to us, so we take it as Singapore did not want AirAsia. So
we have taken our investment elsewhere. AirAsia recently bought
over the now-defunct PT AWAir in Indonesia.
- TNP, Wednesday, 27th October 2004