Low-cost airlines

AirAsia shares lose 8% in Malaysia after jet disappears

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.

AirAsia plane with 162 on board missing en route to Singapore

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.