Macau Asia Express was a failed low-cost airline project, which was to be based in Macau and originally to be launched in 2007, offering scheduled flights mostly to China. It was founded on 24 January 2006 with an initial funding of $30 million. It was owned by Air Macau (51%) and ST-CNAC (CNAC and Shun Tak Holdings) (49%). The aircraft fleet would have consisted of 6 Airbus A320 short-medium haul jet aircraft, which was planned to be expanded to 15-20 aircraft over the first years in operation.
In November 2007, the Macau Daily News reported that Macau Asia Express was suffering funding problems, which led to a delay at the taking-over of the already ordered aircraft, and finally the revocal of the Air Operator's Certificate in 2008.
Read more about this topic: Air Macau
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