AirAsia Bhd (RM3.03/share) Keeps option open on KLIA2 switch

AirAsia Bhd, Asia’s largest low-cost carrier (LCC), remains coy about a move to KLIA2, the new LCC terminal due to be completed in seven months. AirAsia Malaysia chief executive officer Aireen Omar said the decision will be based on whether the new airport is safe and functional and can facilitate the carrier’s lowcost operation. She also said that there are other ways that AirAsia can manage itself should the new airport prove unsuitable for its low-cost model.

Aireen said the carrier has 16 hubs in the Asean region but declined to elaborate on the possibilities of AirAsia relocating its Malaysia operations to one of its regional hubs. AirAsia has five hubs in Malaysia, three in Thailand, five in Indonesia, and one each in the Philippines and Japan. - Business Times