Monday 24 September 2012

AirAsia Bhd (RM2.95/share) - Closer to acquiring more Airbus aircraft


Asia’s largest low-cost carrier, is getting closer in purchasing an additional 100 aircraft from Airbus as part of the carrier’s efforts to meet rising demand for cheap air travel in Southeast Asia, according to its chief executive.

Tan Sri Tony Fernandes, group chief executive of AirAsia, said that the company is getting closer to securing a deal for a 100-aircraft order from Airbus. He did not disclose the price.

The company has ordered as many as 400 aircraft in the past few years, he said. According to Airbus data, as of September AirAsia has received 103 of the 175 A320ceo versions that it has ordered from the European aircraft manufacturer.

Fernandes added that AirAsia had also recently ordered 200 A320neo models for US$18bil (RM55.1bil) that he expects to be delivered by 2015. – Business Time

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