PETALING JAYA: AirAsia Aviation Group Limited (AAAGL), the aviation arm of Capital A Bhd, has signed a joint venture (JV) agreement with Sivilai Asia to establish AirAsia Cambodia, a new low cost airline in Cambodia. In a statement, the budget carrier said the new airline would further cement AirAsia's brand in Cambodia and Indochina, providing AirAsia with greater access to its domestic market and most importantly connecting it to the international markets across Asean, North Asia and beyond.