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Time of India
08-07-2025
- Business
- Time of India
AirAsia signs MoU for 70 Airbus A321XLR aircrafts
PUNE: AirAsia Berhad, a wholly-owned subsidiary of Capital A Berhad, signed an agreement with Airbus valued at USD12.25 billion for 50 A321XLRs with rights for 20 A321XLRs. With this agreement, the airline takes a major step towards becoming the world's first low-cost narrow-body network carrier, anchored by its multi-hub strategy. The aircraft are scheduled for delivery commencing 2028 through 2032. Witnessed by Prime Minister of Malaysia YAB Dato' Seri Anwar Ibrahim, the agreement was signed in Paris between Tony Fernandes, CEO of Capital A, and Christian Scherer, CEO of Airbus Commercial Aircraft. Tony Fernandes, CEO of Capital A and Advisor & Steward of AirAsia Group said, 'We pioneered low-cost travel in Asia – now, we are taking it to the next level. AirAsia is on a transformative journey to become the world's first low-cost network carrier. This is about exponential growth, connecting geographies beyond Asean, and making flying even more democratic. We gave people in Asean the opportunity to explore Asia – now we want the world to see Asean, and Asean to see the world. The A321XLR and A321LR are the game-changers enabling this vision, and we are proud to lead the charge in making our world smaller. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Jolie-Pitt Family Supports For Shiloh's Change Drivepedia Undo We can't wait to paint the skies even wider in red.' Christian Scherer, CEO Commercial Aircraft at Airbus said: 'We are pleased to confirm this agreement, as AirAsia Group begins its next development chapter. Having resumed its growth trajectory, which we salute and support, the airline is creating solid fleet efficiencies, allowing global network expansion. The A321XLR unlocks new opportunities for AirAsia to launch non-stop flights linking primary and secondary cities all around the globe. ' The next-generation A321XLRs will operate alongside AirAsia's all-Airbus fleet of A320 Family and A330 aircraft, supporting its long-term strategy to deliver unmatched connectivity across Asia and beyond, while maintaining a low-cost model through improved route economics, enhanced aircraft utilisation and fleet efficiency. AirAsia Group aims to carry 150 million guests annually by 2030, reaching a cumulative total of 1.5 billion guests since inception. The new fleet plays a pivotal role in this transformation. AirAsia's multi-aircraft strategy enables the airline to match capacity with demand, reduce fuel consumption, and support a sustainable, cost-effective growth model in a highly competitive global landscape. The A321XLR also offers up to 20 per cent lower fuel burn per seat than the Airbus A321neo aircraft, significantly improving emissions performance and operating efficiency. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
07-07-2025
- Business
- Time of India
AirAsia inks $12.25 bn Airbus deal for 50 A321XLR jets
AirAsia Berhad, a unit of Capital A Berhad, has signed a $12.25 billion agreement with Airbus to buy 50 A321XLR aircraft, with purchase rights for 20 more. With this agreement, the airline takes a major step towards becoming the world's first low-cost narrow-body network carrier. The aircraft are scheduled for delivery commencing 2028 through 2032. Witnessed by Prime Minister of Malaysia YAB Dato' Seri Anwar Ibrahim, the agreement was signed on Monday in Paris between Tony Fernandes, CEO of Capital A, and Christian Scherer, CEO of Airbus Commercial Aircraft. Tony Fernandes, CEO of Capital A and Advisor & Steward of AirAsia Group said: 'We pioneered low-cost travel in Asia – now, we are taking it to the next level. AirAsia is on a transformative journey to become the world's first low-cost network carrier. This is about exponential growth, connecting geographies beyond Asean, and making flying even more democratic. We gave people in Asean the opportunity to explore Asia – now we want the world to see Asean, and Asean to see the world. The A321XLR and A321LR are the game-changers enabling this vision, and we are proud to lead the charge in making our world smaller. We can't wait to paint the skies even wider in red.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo 'We are pleased to confirm this agreement, as AirAsia Group begins its next development chapter. Having resumed its growth trajectory, which we salute and support, the airline is creating solid fleet efficiencies, allowing global network expansion. The A321XLR unlocks new opportunities for AirAsia to launch non-stop flights linking primary and secondary cities all around the globe,' said Christian Scherer, CEO Commercial Aircraft at Airbus. The next-generation A321XLRs will operate alongside AirAsia's all-Airbus fleet of A320 Family and A330 aircraft. AirAsia Group aims to carry 150 million guests annually by 2030, reaching a cumulative total of 1.5 billion guests since inception. Live Events
New Straits Times
17-06-2025
- Business
- New Straits Times
AirAsia to announce Airbus A220 order at Paris Air Show?
KUALA LUMPUR: AirAsia will most likely make a major fleet announcement at the Paris Air Show as early as tomorrow (Wednesday) with industry sources indicating the low-cost carrier is likely to place an order for at least 100 Airbus A220 aircraft. If finalised, the deal would make AirAsia the first low-cost carrier in Southeast Asia to operate the cutting-edge A220 and marks the airline's bold step towards its post-pandemic growth strategy. The A220, a smaller narrow-body aircraft designed for shorter to medium-haul routes, is believed to be able to play a crucial role in expanding AirAsia's regional network, particularly to underserved and secondary cities across Southeast Asia. Both AirAsia's co-founders, Tan Sri Tony Fernandes and Datuk Kamaruddin Meranun, are believed to be in Paris at the time of writing, fuelling speculation that the deal could be unveiled during the international aerospace event. The Paris Air Show, held at Le Bourget, is the world's oldest and largest air show and frequently serves as the platform for major aircraft purchase announcements. Business Times has reached out to AirAsia's parent Capital A Bhd for comment. Meanwhile, an Airbus spokesperson had on June 9 commented to Business Times that the European aircraft manufacturer does not comment on discussions they may or may not have with customers. The aircraft is highly regarded for its fuel efficiency, cabin comfort and suitability for thinner routes. The A220 seats between 100 to 150 passengers and is capable of flying up to 6700km. Analysts said the aircraft is ideal for high-frequency regional routes and point-to-point domestic operations in key markets such as Malaysia, Indonesia, the Philippines and Thailand. AirAsia has long been a key Airbus customer, operating one of the largest all-Airbus A320 Family fleets in the world. Airbus is also eyeing Malaysia as a strategic market for the A220, given the country's growing aviation footprint. Airbus Asia Pacific president Anand Stanley said in a media event in Kuala Lumpur last month that the aircraft fits well with Malaysia's evolving role as a regional hub. "Malaysia is already a great connector between China and India and Asean, and the A220 can cover this region perfectly for long, thin routes, but it can also cover the regional routes perfectly within Malaysia to create that feeder network," he said during a media briefing at Airbus' new office in Putrajaya. While he confirmed that discussions are ongoing with Malaysian carriers, Stanley clarified at that time that no agreements have been finalised. "We are still only in conversations, but we do hope that, even though I cannot comment on timing, that because of the inherent demand, and the nature of Malaysia as a strong hub, that we can see the A220 in Malaysia," he added. Stanley described the A220 as a clean-sheet design aircraft that is unique in its category highlighting its exceptional fuel efficiency, lower carbon emissions, and enhanced passenger comfort. In Asia Pacific, existing A220 operators include Korean Air and Qantas, while Air Niugini, the national airline of Papua New Guinea is set to join the list of operators soon.
India Gazette
01-06-2025
- Business
- India Gazette
IndiGo places order for another 30 Airbus A350 planes
New Delhi [India], June 1 (ANI): IndiGo on Sunday announced it has placed orders for another 30 Airbus A350, on top of the 30 orders already in place with the French aircraft manufacturer. Announcing the orders, IndiGo CEO Pieter Elbers said that the deliveries of the aircraft will start from 2027. 'It was last year that IndiGo signed a deal with Airbus for buying 30 Airbus 350 900s with 30 firm and 70 purchase rights, and today we're confirming the intention to confirm 30 out of those 70 also into a firm order,' the CEO said at a press conference 'We're going to sign an MoU for that and we're going to sign that here, right here and now,' the CEO added as he signed the agreement with Airbus. In April 2024, IndiGo had placed an order for 30 A350 aircraft, and kept an option to purchase another 70 such planes in the future. IndiGo has a total of over 900 planes on order, scheduled to be delivered in the years to come. In June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the outstanding orderbook of A320 Family aircraft stood at almost 1,000 aircraft, which are yet to be delivered well into the next decade. These orders will bring the strategic relationship between IndiGo and Airbus to an unprecedented level in terms of depth, breadth, and size, the airline had earlier stated. With IndiGo's current fleet, the almost 1000 A320 Family aircraft yet to be delivered, and today's order for aircraft, IndiGo is not only well positioned to expand and densify its unparalleled network but equally importantly, IndiGo will play its part to fulfill the Indian Government's stated mission of becoming an aviation leadership. (ANI)
Time of India
01-06-2025
- Business
- Time of India
IndiGo places order for another 30 wide-body A350 aircraft with Airbus: Pieter Elbers
IndiGo CEO Pieter Elbers announced that the airline has placed order for another 30 wide-body A350 aircraft with Airbus. "We will continue to add one aircraft a week to double by the end of the decade," said the IndiGo CEO. Elbers added that the new orders will start coming in after the first batch of orders are delivered. Previously, IndiGo announced that it has agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network. The aircraft will be powered by Rolls Royce's Trent XWB engine. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Värmepump inkl. installation Vä Få erbjudande Undo Currently, IndiGo operates over 350 aircraft. Last year, in June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the outstanding orderbook of A320 Family aircraft stands at almost 1,000 aircraft which are yet to be delivered well into the next decade. This IndiGo order-book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. IndiGo, India's largest airline, posted a 62% on-year rise in net profit at ₹3,067 crore in the March quarter, fuelled by a travel boom due to the Maha Kumbh mela and wedding season. It was the second-highest quarterly profit for the budget airline. For the fiscal year ended March 31, IndiGo reported a 11% decline in net profit at ₹7,258 crore. The company's board announced a dividend of ₹10 per share. Live Events
