AirAsia and Jetstar sign pioneering money-saving alliance

Low-cost carriers AirAsia and Jetstar plan to save money by pooling resources and collectively influencing aircraft manufacturers.

Malaysia's AirAsia and Australia's Jetstar have inked a new alliance designed to create behind-the-scenes cost savings that can be passed on to their budget-minded customers.

The non-equity agreement includes cooperating on passenger and ramp handling at airports, aircraft parts pooling for their common fleets, joint procurement of engineering and maintenance supplies, and reciprocal passenger disruption arrangements. What it does not include is code- or revenue-sharing between the carriers, a common aspect of many of today's global airline...

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