AirAsia X, the long haul low cost affiliate of Malaysia’s AirAsia Group, has placed a firm order with Airbus for 10 A350-900 XWB aircraft. The airline will use the aircraft on a network linking its Asian hub in Kuala Lumpur with destinations worldwide, especially in Europe and Australia. “Business is all about timing and long-term strategy,†said Tony Fernandes, director and founder of AirAsia X. “At AirAsia we have always planned for the long-term. By buying the … [Read more...] about MALAYSIA: AirAsia X orders 10 Airbus A350 XWB
Tony Fernandes
AirAsia posts first loss since going public
Noncash losses on fuel hedges and currency fluctuations dragged AirAsia to its first quarterly loss since going public in 2004, a MYR465.5 million ($128.2 million) third-quarter deficit that represented a reversal from the MYR180 million earned a year earlier. Principal charges comprised a MYR215 million loss related to the unwinding of the carrier's fuel hedges, a loss it said it will recover "in less than three months," and a MYR213 million translation loss resulting from the US dollar's rise … [Read more...] about AirAsia posts first loss since going public
