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AirAsia-Sats' new JV a fitting marriage

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Mr Hungate (left) and Mr Fernandes (right) at a media briefing on Tuesday; the two CEOs first discussed the possibility of an AirAsia-Sats joint venture fittingly in an airport lounge.

Singapore

WHEN the idea of a joint venture (JV) with ground-handler Sats was initially broached by his team, he almost fell off his chair, recounted AirAsia chief executive Tony Fernandes.

"I said, 'Are you mad?'" quipped the flamboyant chief of the low-cost airline group, which

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