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AirAsia X launches up to $370 million IPO amid fleet expansion

bigdelta

By bigdelta,
in Airline Discussion

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bigdelta

bigdelta 46

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http://finance.yahoo.com/news/airasia-x-launches-370-million-084827244.html

 

In part:

The carrier, which competes with Singapore Airlines' (SIAL.SI) Scoot and Qantas Airways' (QAN.AX) Jetstar, has said it plans to add 13 Airbus A330 wide-bodied planes in total this year and next to take its fleet to 23 aircraft by 2014.

"The focus in on the sweet-spot flights of 4 to 8, or possibly 9 hours," Tony Fernandes, AirAsia X's founder, told reporters at the IPO launch. He added that AirAsia X plans to strengthen its position in its key markets in Australia and East Asia.

Edited by bigdelta
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