13 November 2013
AirAsia X Bhd, the long-haul arm of AirAsia Bhd, expects 25% growth this year via the setting up of Thai AirAsia X, its new investment in Thailand.
CEO Azran Osman Rani said details of AirAsia X’s first international hub in Thailand will be announced soon.
Besides Thailand, AirAsia X would look for more joint ventures in North Asia and Australia, he said.
"The joint venture is among AirAsia X’s business strategy for the international market after its success in Malaysia. Now, we are looking at an international hub to increase our flight routes," he told reporters after attending AirAsia X’s Super Sixth anniversary at the low-cost carrier terminal here today.
"Apart from AirAsia X’s new operations in Thailand, the forecast growth will also be generated by its seven new planes which will be delivered next year.
"We are targeting 32 planes in the next three to four years and in 2014 AirAsia X will receive seven new planes," he said.
The purchase of the new planes would be financed from the proceeds raised from AirAsia X’s June listing, he said.
Azran said the other factor that would contribute to AirAsia X’s growth would be the timely completion of klia2, as the existing low-cost terminal is unable to cater for heavy air traffic due to a shortage of parking bays.
"We are looking to move to klia2 and hope it will be completed on time next year. klia2 will be a tremendous platform for Air Asia X to grow.
"The airline now serves 14 destinations across Asia, Australia and the Middle East," he added. – Bernama
Source: www.thesundaily.my
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