AirAsia announces $12.3bn Airbus deal for long-range jets
NORMAN GOH
KUALA LUMPUR -- AirAsia, the world's largest low-cost carrier, announced a $12.25 billion deal on Friday to purchase 70 A321XLR aircraft from Airbus, marking a bold step in its ambition to become a global low-cost network airline.
Speaking virtually from Paris, AirAsia co-founder and Capital A group chief executive Tony Fernandes said the new long-range, narrow-body jets will support the Malaysian airline's next phase of "transformative growth" as it expands its multi-hub strategy across Asia and beyond.
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