Low-cost airlines

Shares in AirAsia, Southeast Asia's biggest budget airline, lost almost eight percent in Kuala Lumpur on Dec. 29 after one of its jets disappeared with 162 people on board.
      
The firm slumped 12 percent to 2.60 ringgit at the open but recovered slightly to sit at 2.71 ringgit, still down 7.82 percent, at 0600 GMT.
      

The search for the AirAsia flight QZ8501 that went missing above the Java Sea on Sunday with 162 people on board, has been resumed.

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An object spotted during a sea search for an AirAsia plane was not from the aircraft, Indonesian Vice President Jusuf Kalla said Dec. 29 after reports that an Australian surveillance aircraft had found something.

A missing AirAsia jet carrying 162 people could be at the bottom of the sea after it was presumed to have crashed off the Indonesian coast, an official said on Monday, as countries around Asia sent ships and planes to help in the search effort.
   

An AirAsia passenger jet with 162 people aboard lost contact over the Java Sea while en route to Singapore on Sunday and is missing, according to airline officials.

Indonesia suspended until first light the search for an AirAsia plane that went missing Dec. 28 in the Java Sea with 162 people on board after the crew requested a change of flight plan due to bad weather.        

Rescuers scoured the sea for an AirAsia plane carrying 162 people which went missing in bad weather Sunday en route from Indonesia to Singapore, the third crisis for a Malaysian carrier this year.
      
Air traffic controllers lost contact with the Airbus A320-200 around an hour after it left Juanda international airport at Surabaya in east Java, at 5:20am.
     

Lufthansa said talks to make SunExpress, its joint venture with Turkish Airlines, a partner in its new low-cost long-haul Wings concept were progressing well.

Dozens of tourists have been stranded on Corfu after storms caused Ryanair to cancel two flights, to Oslo and Manchester, on Sunday.

The airline does not have other flights scheduled until this weekend.

Aegean Airlines SA could benefit from the privatization of Cyprus Airways Public Ltd. even if it doesn’t eventually buy the carrier, as the process paves the way for a review of airport fees and policies.