New airline by Fernandes in the works

AVIATION INDUSTRY   AIRASIA   TONY FERNANDES

Malaysia - A super-premium full service carrier called Caterham Jet by owner of budget airline AirAsia, Tony Fernandes is believed to be in the pipeline.

The new regional airline is said to be a direct competition to the upcoming premium airline by Quantas, RedQ and is widely tipped to be launching in 2012.

An OSK Research aviation analyst Ahmad Maghfur Usman was quoted in a CNN report saying that the new airline would cater to a niche market of the super-rich in Malaysia and would not compete directly with MAS and AirAsia.

According to previous news reports Team Lotus, the F1 team owned Fernandes will also be renamed to Catherham beginning next year.

The news first reported by The Sun Daily has been picked up by both local and international media but Fernandes (pictured) is keeping mum on the report .

A+M too was unable to reach Fernandes for comments on the development.

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