AirAsia X orders 25 more A330-300s

Press Release by Airbus

AirAsia X, the long haul affiliate of the AirAsia Group, has placed a firm order with Airbus for 25 more A330-300s. The contract is the largest A330 order received by Airbus in a single purchase agreement and increases the carrier’s total firm orders for the type to 51. These will be supplemented by another six A330-300s leased from International Lease Finance Corporation (ILFC).

The contract was signed in Paris today by Azran Osman-Rani, CEO of AirAsia X and Fabrice Brégier, President and CEO, Airbus, witnessed by Tan Sri Tony Fernandes, Co-founder and Director of AirAsia X.

AirAsia X will start taking delivery of its newly-ordered A330-300s in 2015 as it begins a major expansion of its network across the Asia-Pacific region. The new order includes the latest extended range versions of the A330-300, providing the carrier with the ability to offer non-stop service to destinations in Europe or one-stop service to the US.

Tan Sri’ Tony Fernandes, Co-Founder and Director of AirAsia X said, “This order stamps our firm intent to dominate the long-haul, low cost carrier space and marks the next phase in our development to be the undisputed global market leader. Our commitment would allow us to remain as the youngest wide body fleet age in the region at under five years throughout 2019, with corresponding competitive fuel efficiency, reliability and cabin comfort benefits.”

“The aircraft orders would further cater to our expansion plans in Malaysia, and the proposed new Thai AirAsia X hub as well as other long-haul ventures planned across Asia. The developments will complement the AirAsia Group’s long-term vision of developing its presence in key markets in Asia and strengthen the connectivity between long-haul and short-haul low-cost network.”

“AirAsia X has proven that it is possible to build a highly successful low cost long haul business,” said Fabrice Brégier President and CEO, Airbus. “And the A330 is the perfect platform for such operations, with the lowest operating costs, true long range flying capability and a proven track record of exceptional technical reliability. We look forward to working with AirAsia X as it continues to innovate in the low cost long haul market.”

AirAsia X currently operates 16 A330-300s on services linking its Kuala Lumpur base to destinations in Asia, the Middle East and the Pacific. In addition to A330s, the carrier also has 10 A350-XWB aircraft on order for future delivery.

The latest order from AirAsia X further consolidates the position of the AirAsia Group as one of Airbus’s largest airline customers in the world. In total the Group has now ordered 536 aircraft from the manufacturer. These include 475 A320 Family single aisle aircraft for AirAsia’s short haul operations based out of Kuala Lumpur, Bangkok, Jakarta and Manila, plus the 51 A330s and 10 A350 XWBs for AirAsia The twin engine A330 is one of the most widely used widebody aircraft in service today. To date, Airbus has won more than 1,280 orders for the various versions of the aircraft. More than 1,000 A330s have already been delivered and the aircraft is currently flying with almost 100 operators worldwide.

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AirAsia X seeks IPO to raise $370m

AirAsia X seeks IPO to raise $370m

By Phil Davies
AirAsia X, the long-haul arm of Malaysian budget carrier AirAsia, has launched an initial public offering to raise up to $370 million.The carrier is seeking funds for fleet expansion as it targets buoyant travel demand in Asia-Pacific and looks to step up competition with regional rivals.

The airline, which competes with Singapore Airlines’ Scoot and Qantas Airways’ Jetstar, plans to add 13 Airbus A330s this year and take its fleet to 23 aircraft by 2014.

Founder Tony Fernandes said the listing of AirAsia X indicated that it had been a success, adding that the carrier planned to expand its operations further.

“AirAsia X’s unique proposition lies in their competitive fares and early-mover advantage,” he said.

“We are expanding our group further and this is just the tip of the iceberg.

“The focus in on the sweet-spot flights of 4 to 8, or possibly 9 hours,” he said, indicating that AirAsia X plans to strengthen its position in its key markets in Australia and East Asia.

Sourced from Travel Weekly