Air Asia of Malaysia was Malaysia's 2nd national carrier. It was sold to Tune Air on 12 Dec 2001, and is changed to low fare airline since then.
It becomes Asia's 1st ticketless low fare airline since 13 Apr 2002. It then moved to KLIA since 4 Jul 2002, thus making better passenger service for Kuala Lumpur residents.
Its fleet consists of 5 B737-300, with full coach seating of 145-148. The average fleet age is 6 years.
As most low fare airlines, they save costs by operating only 1 family of aircraft, not providing free meals on board, ticketless travel, reducing office costs, not operating lounges nor frequent flyer programs. Note the words used in the website. It pretty looks like that of Virgin Express and Virgin Blue!
http://www.airasia.com/skylights/webairasia/abo/index.htm
Its food and drink price range from RM1-4 (US$0.25-1), very low compared to other low fare airlines. But it does not offer alcoholic drinks like other low fare airlines as Malaysia is a Muslim state.
Air Asia, currently flies only Malaysia cities, is planning to fly short international routes like routes to Thailand, Philippines, Indonesia. This would be a very large event for Asian aviation industry.
Hope such airline would also be operated in China, so passengers can travel for less.