AirAsia X inked a deal Thursday to buy another 10 Airbus A330 aircraft, taking its order to 25 planes, as it unveiled plans to expand services to London and India.The 10 A330s have a list value of US$2 billion (€1.27 billion) and will be delivered progressively over the next five years.AirAsia X, which launched flights in November, has already ordered 15 wide-bodied A330s, two of which will be delivered later this year and another two in 2009. It now flies from Kuala Lumpur to Australia’s Gold Coast and to Hangzhou in China using one leased plane.
The new plane order comes after AirAsia X raised more funds last month by selling a 10 percent stake each to Japan’s Orix Group and Bahrain-based Manara Consortium for a total of 250 million ringgit (US$78 million; €50 million).After the sale is completed, AirAsia X’s parent, Aero Ventures Sdn. Bhd., will own 48 percent of the carrier while billionaire Richard Branson’s Virgin Group will hold 16 percent. AirAsia, the region’s top low-cost carrier, holds the remaining 16 percent
In my opinion this is exactly how a airline should be operated.Proper analysis and well planed, to hit the long term growth of the company. Its like raising a child in a way. If you spoil the child and spoon feed everything the child eventually will not know how to stand on its own feet, but guide the child and make them learn themselves, they eventually become street smart and become great people!
Well done Air Asia X, it may not be huge now but Air Asia has set the benchmark and the guide is all set for AirAsia X to become another great Malaysian brand.
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