AirAsia unveils $9.4b Airbus order

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AirAsia founder and CEO Tony Fernandes

Malaysian low-cost airline AirAsia has confirmed a deal for 100 new Airbus A320 aircraft due for delivery until 2021. AirAsia CEO Tony Fernandes wrote on Twitter on December 13 that “we have just bought 100 planes which makes a total of 475 to meet the amazing demand in Asia.”

The order affirmes AirAsia’s position as the largest A320 series customer in the world. The deal is worth $9.4 billion at list prices. No information was available on discounts granted to the airline.

The deal will safeguard 9,000 jobs in the UK – 1,500 at Airbus’s UK plant in Flintshire , where the wings for the A320 planes are made – and 7,500 in the supply chain. UK Prime Minister David Cameron told BBC that the deal was “excellent news and a tremendous boost” for UK manufacturing.

Fernandes said that the order is part of AirAsia’s plans to “accelerate its growth in its core markets Malaysia, Thailand and Indonesia followed by its new markets Japan and the Philippines.”

For the 2013 deliveries, the Malaysia unit of AirAsia has been allocated 10 aircraft, Thailand 8, Indonesia 9, Philippines 3, and Japan 4.

 

 

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Reading Time: 1 minute

AirAsia founder and CEO Tony Fernandes

Malaysian low-cost airline AirAsia has confirmed a deal for 100 new Airbus A320 aircraft due for delivery until 2021. AirAsia CEO Tony Fernandes wrote on Twitter on December 13 that “we have just bought 100 planes which makes a total of 475 to meet the amazing demand in Asia.”

Reading Time: 1 minute

AirAsia founder and CEO Tony Fernandes

Malaysian low-cost airline AirAsia has confirmed a deal for 100 new Airbus A320 aircraft due for delivery until 2021. AirAsia CEO Tony Fernandes wrote on Twitter on December 13 that “we have just bought 100 planes which makes a total of 475 to meet the amazing demand in Asia.”

The order affirmes AirAsia’s position as the largest A320 series customer in the world. The deal is worth $9.4 billion at list prices. No information was available on discounts granted to the airline.

The deal will safeguard 9,000 jobs in the UK – 1,500 at Airbus’s UK plant in Flintshire , where the wings for the A320 planes are made – and 7,500 in the supply chain. UK Prime Minister David Cameron told BBC that the deal was “excellent news and a tremendous boost” for UK manufacturing.

Fernandes said that the order is part of AirAsia’s plans to “accelerate its growth in its core markets Malaysia, Thailand and Indonesia followed by its new markets Japan and the Philippines.”

For the 2013 deliveries, the Malaysia unit of AirAsia has been allocated 10 aircraft, Thailand 8, Indonesia 9, Philippines 3, and Japan 4.

 

 

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