AirAsia Bhd, Asia’s biggest budget carrier, rose 1.7 per cent to RM3.69, headed for its highest close since Feb 2. Its Philippine venture, which won regulatory approval to fly from Clark airport in Pampanga province to Davao as early as March, plans to expand its fleet to as many as 16 planes in five years from four by year-end, Marianne Hontiveros, chief executive officer at AirAsia Philippines, said yesterday. -- Bloomberg
