Malindo Air is a low-cost airline airline based in Malaysia. It is a joint venture between National Aerospace and Defence Industries (NADI) of Malaysia and Lion Air of Indonesia. The name Malindo is derived from the names of respective countries: Malaysia and Indonesia. Malindo Air started operations in March 2013 with domestic destinations.
The entry of AirAsia from Malaysia in the home turf of Lion Air has encouraged the Indonesian airline to enter the Malaysian market with a subsidiary airline. AirAsia’s subsidiary Indonesia AirAsia, in partnership with its parent firm, attempted to buy Indonesian carrier Batavia Air to gain a foothold in Indonesia, but the deal did not go through due to regulatory complications and Batavia Air ended up going bankrupt. The attempted deal resulted in a turf war between Lion Air, Indonesia’s biggest low-cost carrier, and AirAsia, Asia’s biggest low-cost carrier.
Source: Wikipedia