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| | AirAsia Deepens No-Frills Battle |
 | | In Singapore, AirAsia faces competition from newly planned Tiger Airways, set up by Singapore Air and the founders of European no-frills carrier Ryanair, and ValuAir, which is expected to launch in the second quarter of this year. |
 | | Fernandes has said he expected the Thai operations to be profitable by the fiscal year ending in June, when another regional deal could be in the bag, possibly Singapore, to tap its wealthy pool of regional tourist travelers. |
 | | AirAsia, which took delivery of two Boeing 737-300 aircraft in October to expand its fleet to nine, aims for 20 planes by the end of 2004, a target that could force it to decide in February whether to launch an initial public offering. |
| news.airwise.com /stories/2004/01/1074247478.html (441 words) |
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