Malaysia’s Budget Carrier Sets its Sights High

Despite an ailing global economy and rising costs, Malaysia’s rambunctious budget airline AirAsia is expanding aggressively against the country’s lackluster national flag carrier, Malaysia Airlines.

AirAsia’s growth, if it comes off, would make the airline group – Malaysia AirAsia, Thai AirAsia and Indonesia AirAsia – which is publicly traded on the Kual…