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AirAsia: Low-Cost Carrier Had No Fatal Crashes Until Sunday

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AirAsia, whose jetliner carrying 162 people disappeared into the Java Sea Sunday during a storm, has built itself into a prominent low-cost carrier in Asia and Australia and had never before had a fatal accident. The airline now carries more than 40 million passengers a year to 100 destinations and has a fleet of 160 jets. But 12 years ago at its founding, AirAsia was almost nothing. AirAsia's driving force is its 50-year-old chief executive, Malaysian entrepreneur Tony...

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