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Asian Budget Airline Pioneer Says AirAsia May Buy More Jets

23 Jan 2018 17:24:00

bloomberg.com

AirAsia Bhd., the budget airline that has grown to become one of the biggest customers of Airbus SE planes, could consider buying more aircraft as economic expansion across India, China and the Southeast Asian nations propel travel demand across the continent.


“Right now, we are short of aircraft,” Tony Fernandes, AirAsia group chief executive officer, said in an interview with Bloomberg TV’s Haslinda Amin in Davos on Tuesday. “Demand is very, very robust. We would have to look at an order eventually but not at present.”


The British-educated Fernandes, 53, is expanding his Malaysia-based carrier across the continent, doing what Ryanair Holdings Plc did in Europe and Southwest Airlines Co. achieved in North America. A rash of low-cost airlines have come across Asia, driving down fares and enabling more people to take to the skies.


Read full story: bloomberg.com

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