Latest news with #A321XLRs
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
The Sun
06-07-2025
- Business
- The Sun
AirAsia signs US$12.25 billion deal for 50 A321XLRs with rights for 20 more
PETALING JAYA: AirAsia Bhd, a wholly owned subsidiary of Capital A Bhd, has signed a landmark agreement with Airbus valued at US$12.25 billion (RM51.75 billion) for 50 A321XLRs with rights for 20 more. With the agreement, the airline is taking 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 from 2028 through 2032. Witnessed by Prime Minister Datuk Seri Anwar Ibrahim, the agreement was signed in Paris on Friday between Capital A CEO Tan Sri Tony Fernandes and Airbus Commercial Aircraft CEO Christian Scherer. Fernandes, who is also adviser and 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.' Scherer 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 and A330 aircraft, supporting its long-term strategy to deliver 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 offers up to 20% lower fuel burn per seat than the Airbus A321neo aircraft, significantly improving emissions performance and operating efficiency.
Daily Express
06-07-2025
- Business
- Daily Express
AirAsia inks RM51 billion Airbus deal to add 70 long-range jets
Published on: Sunday, July 06, 2025 Published on: Sun, Jul 06, 2025 By: Bernama Text Size: Capital A Bhd Chief Executive Officer Tan Sri Tony Fernandes Kuala Lumpur: AirAsia has signed an agreement to buy US$12.25 billion (RM51.72 billion) worth of long-range Airbus 321XLR aircraft, with deliveries confirmed by 2028, said Capital A Bhd Chief Executive Officer Tan Sri Tony Fernandes. He said the low-cost carrier inked a memorandum of understanding (MoU) with Airbus in Paris Saturday for 50 A321XLRs with rights for 20 A321XLRs, the new fleet of which are targeted to serve Central Asia, the Middle East and Europe, among others. Advertisement 'This will probably make us one of the largest users of the XLR aircraft, the 321XLR, and is really the next stage of our transformative growth in terms of creating the world's first low-cost multihub network carrier. 'This will enable us to fly to Europe, and we're hoping to launch our first European flight this year,' he said during Capital A's virtual media briefing on Friday, in conjunction with the agreement signing ceremony. The agreement was signed between Fernandes and Airbus Commercial Aircraft Chief Executive Officer Christian Scherer, witnessed by Prime Minister Datuk Seri Anwar Ibrahim. Fernandes said the next-generation A321XLRs will operate alongside AirAsia's all-Airbus fleet of A320 Family and A330 aircraft, and aims to carry 150 million guests annually by 2030, reaching a cumulative total of 1.5 billion guests since inception. He said AirAsia plans to finance the aircraft order through bank leases. Fernandes also confirmed that the group is set to announce another aircraft order next month, but declined to provide further details. Meanwhile, he said the group is working to issue its first bond by October this year. 'This is the first time in our history that we've been rated by international credit rating agencies,' he noted. 'As interest rates begin to moderate, which I'm hopeful will happen soon, it's only natural for us to return to our traditional model of owning aircraft. 'Previously, we shifted from the financing markets to operating leases due to high interest rates and strong capital availability in the leasing space. We're now reassessing that strategy,' he said. On Capital A's proposed regularisation and restructuring plan, Fernandes said the company is expecting to resubmit the decision letter to Thailand's Securities and Exchange Commission within the next week or two. 'Once we dispose of the aviation business, Capital A will effectively exit Practice Note 17 (PN17),' he said. He added that six of the group's non-airline businesses, namely Asia Digital Engineering (ADE), Teleport, AirAsia MOVE, OTA, BigPay, Santan, and AirAsia Brand Co (ABC) are currently exploring the possibility of a dual listing in Hong Kong. As for Capital A, it is also considering a dual listing and independent capital raising. However, Fernandes said 'the AirAsia Group itself will not be listed in Malaysia'. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Malaysia Sun
05-07-2025
- Business
- Malaysia Sun
Malaysia's airlines acquire new aircraft for expansions
KUALA LUMPUR, July 5 (Xinhua) -- Malaysia's airlines, including Malaysia Airlines and low-cost budget airline AirAsia, announced Saturday that they are acquiring new aircraft to support their expansions. Malaysia Aviation Group (MAG), the parent company of Malaysia Airlines, said in a statement that it has exercised its purchase rights for 20 additional A330neo aircraft through a direct order with Airbus, reaffirming its commitment to a long-term strategy for fleet renewal and network development. With this latest acquisition, Malaysia Airlines is set to become one of the largest A330neo operators in the Asia-Pacific region, said the statement. This new order builds on MAG's initial commitment in 2022 for 20 A330neo aircraft, comprising 10 directly purchased and 10 leased from Ireland-based lessor Avolon, bringing the group's total A330neo commitment to 40 aircraft to date. Deliveries from this additional batch are scheduled between 2029 and 2031. To date, MAG has taken delivery of four A330neo aircraft, currently operating on selected services to Auckland, Melbourne, and Bali. Six more are scheduled for delivery by the end of the year, with the remaining aircraft from the original order set to arrive progressively through to 2028. Meanwhile, AirAsia, a wholly-owned subsidiary of Capital A Berhad, said in a statement that it has signed a landmark agreement with Airbus valued at 12.25 billion U.S. dollars for 50 A321XLRs with rights for 20 A321XLRs. The aircraft are scheduled for delivery commencing in 2028 through 2032. AirAsia Group aims to carry 150 million guests annually by 2030, reaching a cumulative total of 1.5 billion guests since inception, according to the statement.
