Jetstar and AirAsia are claiming a world-first in the establishment of their new alliance centred on cost reduction and the pooling of expertise that aims to deliver cheaper fares for passengers of both carriers. The core of the agreement is a “proposed joint specification for the next generation of narrow body aircraft, that will best meet the needs of the low fare customer of the future”. Both airline groups will also investigate opportunities for the joint procurement of aircraft, adding “in coming years Jetstar and AirAsia want to work with manufacturers on the next generation aircraft to ensure it best meets our business requirements”.