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Airasia Evolution Essay Preview: Airasia Evolution Report this essay 1. Introduction. Prior to its take-over by Tune Air Sdn. Bhd. in 2001, AirAsia was established in 1993 and started operations on 18 November 1996. It was originally founded by Government-owned conglomerate DRB-Hicom a government-linked company. It is airline had not been able to take off.