​​​
  1. AirAsia X won’t buy ‘too expensive’ Airbus A350 jet, says co-group CEO Tony Fernandes

AirAsia X won’t buy ‘too expensive’ Airbus A350 jet, says co-group CEO Tony Fernandes

Malaysia's AirAsia X Bhd has no plans to buy the Airbus SE A350 widebody jet, the airline's co-group CEO said on Monday.

By: | Singapore | Published: April 16, 2018 4:44 PM
air asia, asia x, civil aviation sector, civil aviation industry, air asia bsd AirAsia X, the long-haul arm of AirAsia Bhd, placed a firm order for 10 A350s in June 2009. (Reuters)

Malaysia’s AirAsia X Bhd has no plans to buy the Airbus SE A350 widebody jet, the airline’s co-group CEO said on Monday, despite the airline having 10 of them on order. “The A350 is not an aircraft we will buy,” AirAsia X co-group CEO Tony Fernandes said in a Facebook Live chat from London. “Too expensive. Fares would go up.”

AirAsia X, the long-haul arm of AirAsia Bhd, placed a firm order for 10 A350s in June 2009. It later ordered 66 A330neos, an updated version of the A330s it has in its current fleet.

The A350-900 has a longer range but also comes with a higher list price of $317.4 million, compared with the $296.4 million price of the A330-900neo. Airlines typically receive large discounts from the list prices.

Manufacturers sometimes allow airlines to swap models even though they have placed firm orders and paid deposits, meaning AirAsia X might be able to convert the A350 order to other Airbus jets like the A330neo or A320 family.

The AirAsia group is one of Airbus’ largest customers, but AirAsia X has also been talking to Boeing Co about buying the rival 787-10 jet, according to a source familiar with the discussions.

A final decision on AirAsia X’s future fleet is expected later this year, the source said on condition of anonymity. The 787-10 has a list price of $325.8 million.

A spokeswoman for the AirAsia group said it was unable to comment on the fate of the A350 orders or whether the airline was in talks with Boeing about the 787-10.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top