AirAsia to lease at least 100 flying taxis to launch air ridesharing service

AirAsia Aviation Group on Wednesday unveiled plans for a low-cost air ridesharing service in Southeast Asia after signing a non-binding deal with lessor Avolon for at least 100 Vertical Aerospace VX4 electric vehicles.

Tony Fernandes, chief executive of AirAsia parent Capital A, said flights could start by 2025, with regulators in Malaysia and Singapore likely to approve operations far more quickly than in Indonesia, Thailand and the Philippines.

He said the air ridesharing...