AirAsia acquires 49 percent of Zest Air

The Philippine unit of AirAsia has expanded its foothold in the country’s airline market by acquiring 49 percent of local budget carrier Zest Airways Inc.

The Philippine unit of AirAsia has expanded its foothold in the country’s airline market by acquiring 49 percent of local budget carrier Zest Airways Inc.

Low cost carrier Philippines’ AirAsia on Sunday launched flights for Singapore and Taiwan in an effort to boost tourism in the country and provide service for thousands of Overseas Filipino Workers (OFWs).

Philippines’ AirAsia unveiled on Sunday its P13 travel treats promo fare for all international and domestic destinations starting November 26, 2012 until December 02, 2012.

Air New Zealand has announced it will axe its Hong Kong-London service with the loss of 70 jobs and introduce a code-share with Cathay Pacific on the Auckland-Hong Kong route.

Philippines’ AirAsia announced on Sunday its newest route from Clark, Pampanga to Taipei and vice versa starting December 16 with an “all-in, one way” promo fare from as low as P888.

Citing “volatile oil prices and the growing demand for foreign tourism,” Philippines’ AirAsia announced on Monday that it would suspend flights to Macau and Puerto Princesa and re-align its services with two new flights to Singapore and Taipei in December.

AirAsia Philippines is offering an “all-in, one-way” promo fare of only P999 for its new service from Clark International Airport in Pampanga to Singapore starting December 15, 2012.

Premium airlines in Asia are rethinking their strategies and slashing costs as high fuel prices, global economic uncertainty and pressure from Middle East and budget carriers squeeze profits.