The latest in a number of airlines that are seeking to diversify their portfolios, AirAsia has started a fund called RedBeat Capital to provide seed money to burgeoning businesses. Sean O’Neal of Skift.com describes how the company is following the examples of JetBlue Technology Ventures and the unsuccessful Qantas AVRO Accelerator Program in its bifurcation of its focus into new and promising businesses. Whether the motivation for this venture capital fund comes from a desire to boost revenue, boost innovation within their cultures, or to insulate themselves from the uncertainties of the market through diversification, it is an undisputedly interesting and savvy move on the part of the Asian budget airline. Read more>>