AirAsia has signed an MoU with China Everbright Group and Henan Government Working Group to establish a joint venture to be known as AirAsia (China). Aaron outlines the factors behind the 'buy' call and the expected upside for the low-cost carrier.

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Tags:  AirAsia,  China Everbright Group,  Henan Government Working Group,  low-cost carrier,  Zhengzhou,  MRO,  repair and overhaul,  aviation academy,  regulatory support