Expedia TAAP

Features » Aviation » Detail

AirAsia closed to major deal worth US 9 billion with Airbus
Update: 08:49, Monday, Sep 10,2012 (GMT+7)
AirAsia is putting finishing touches to a deal to buy up to 100 Airbus jets, ending a flirtation with Canada's Bombardier and putting Asia's largest budget carrier on course for regional expansion.

The deal for A320-family jets, potentially worth about US$9 billion (RM27.99 billion), is designed to fuel the growth of what is fast becoming a cluster of related airlines under Tan Sri Tony Fernandes, who placed a record order for 200 Airbuses last year.


Demand from Asian low-cost carriers is helping to drive production at Europe's Airbus and US rival Boeing to record levels, shielding aerospace workers from recession.

AirAsia says it still needs more of the existing generation of A320 to support ambitious short-term plans, which include expansion in the Philippines, Indonesia and Japan.


The deal ends speculation over talks between AirAsia and Canada's Bombardier, whose chairman intervened personally earlier this year to try to persuade Fernandes to pick its CSeries jet, a new challenger to Airbus and Boeing.

AirAsia's latest move could also sharpen competition with Indonesia's Lion Air, another big-spending low-cost carrier that has emerged as one of Boeing's biggest customers.

AirAsia, with an operating fleet of 116 aircraft, has ordered a total of 375 Airbus jets as part of dramatic plans for expansion that now include the acquisition of Indonesia's Batavia Air. It has said it will bring forward deliveries as rising demand helps it offset high fuel costs.

Theresa

View: 2000
The new article
▪  Cathay Pacific took another hit by Hong Kong’s extended airport restrictions
▪  Qatar Airways to Launch Flights to Santorini in June 2022
▪  Air New Zealand To Fly Non-Stop To New York This Year
▪  The difference between direct & nonstop flights
▪  Luxurious apartment hidden in Stockholm airport control tower
▪  The Worlds Biggest Airport is Larger Than Singapore
▪  Lufthansa to launch new route to Tampa
▪  Qatar Airways to fly A380 to Bangkok
▪  American Airlines moves closer to US Airways integration
▪  Skytrax 2014 World Airline Awards: Cathay Pacific Airways voted world’s best airline
Articles published
▪  Emirates line-up Real Madrid shirt sponsorship deal
▪  Asiana Airlines to suspend Incheon - Cam Ranh route
▪  Revised: SAA introduces baggage piece concept
▪  Singapore Airlines to fly to Yangon
▪  Jetstar Pacific to apply booking and service fee
▪  The hi-tech 'x-ray helmet' that can let fighter pilots see through their plane
▪  United suffers computer issues, delays widespread
▪  Air Astana to operate direct flights from Vietnam
▪  Philippine Airlines places US$7 billion order for Airbus aircraft
▪  Etihad signs codeshare with China Eastern Airlines
Exchange USD
Updated on April 20, 2022
BSP Bank (Vietcombank)
23.070 VND
23.100 VND