 Branson in Malaysia airline deal
Sir Richard Branson's Virgin Group has bought a 20% stake in Air Asia X, a new Malaysian airline offering budget long-haul flights to Asia and Europe.
The deal, the value of which has not been disclosed, gives the tycoon a foothold in Asia's fast-growing budget airline sector.
The airline has been given permission to fly from Malaysian capital Kuala Lumpur to the UK, Australia and China.
Air Asia X is controlled by Malaysian businessman Tony Fernandes.
BBC
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