Latest news with #A321XLR
Skift
6 days ago
- Business
- Skift
Aegean Picks India for First Long-Haul A321XLR Routes
With no widebody jets and a premium-heavy layout, the Greek carrier will need to prove that comfort and connectivity can trump Gulf giants in the fiercely competitive Europe-India market. Aegean Airlines is making its long-haul debut, revealing plans to launch nonstop flights from Greece to India. The new services from Athens to both Delhi and Mumbai are due to begin next year. They will mark the carrier's first scheduled flights beyond its traditional short- and medium-haul network. Aegean will operate the services using new 'Xtra Long Range' Airbus A321XLR aircraft. A five-times-weekly service to Delhi will launch in March 2026, followed by three weekly flights to Mumbai from May. Precise schedules are due to be announced ahead of tickets going on sale in late September. The first XLR is due for delivery in December, with a second arrivin
Zawya
14-07-2025
- Business
- Zawya
Wizz Air wants to scale back A321XLR order after quitting Abu Dhabi
LONDON: Hungarian airline Wizz Air is in talks with Airbus about scaling back its order for 47 A321XLR, a longer range aircraft, and converting some of them to regular A321 jets, its chief executive said on Monday. "We have 47 XLRs on order. We are going to scale that back," CEO József Váradi told Reuters, after the airline said it was exiting its Abu Dhabi operations, where most of the XLRs were going to be used. "We have conversion rights for the majority of that of that aircraft order. So we are talking to the manufacturer." (Reporting by Sarah Young, Editing by Paul Sandle)
The Star
09-07-2025
- Business
- The Star
AirAsia talks with investors near conclusion, says deputy CEO
SINGAPORE: Budget airline AirAsia is nearing the conclusion of talks with potential strategic investors as the Malaysia-based airline approaches the end of its restructuring process, Deputy Group CEO Farouk Kamal said on Wednesday. The airline, whose parent company Capital A was classified as financially distressed by Malaysia's stock exchange in 2022, is arranging a RM1bil equity injection alongside financing for its extensive order book of new planes, Kamal said, speaking on a panel at the Reuters NEXT Asia summit. Capital A Group CEO Tan Sri Tony Fernandes said in March that the RM1bil private placement was "done", but has not disclosed the identity of the investors. He declined to comment on a Bloomberg report in March that Saudi Arabia's sovereign wealth fund was set to invest $100 million. Kamal said AirAsia was coming to the final conclusion of talks with investors "not just from an equity injection perspective, but from an overall transactions perspective", and hopes to make an announcement in "due course". AirAsia, one of Asia's largest low-cost carriers and one of Airbus' largest customers, has around 360 planes on order. On Friday, AirAsia signed a memorandum of understanding with Airbus to buy 50 long-range A321XLR planes with conversion rights for another 20 of the single-aisle jets. Fernandes said last week he hoped to exit the financially distressed status soon, once restructuring efforts are complete. As part of this, Capital A is in the process of selling its AirAsia aviation business to long-haul unit AirAsia X to consolidate long- and short-haul operations under a single AirAsia brand. - Reuters
New Straits Times
09-07-2025
- Business
- New Straits Times
AirAsia talks with investors near conclusion, says deputy CEO
SINGAPORE: Budget airline AirAsia is nearing the conclusion of talks with potential strategic investors as the Malaysia-based airline approaches the end of its restructuring process, deputy group chief executive officer (CEO) Farouk Kamal said on Wednesday. The airline, whose parent company Capital A was classified as financially distressed by Malaysia's stock exchange in 2022, is arranging a RM1 billion (US$235 million) equity injection alongside financing for its extensive order book of new planes, Kamal said, speaking on a panel at the Reuters NEXT Asia summit. Capital A Group CEO Tony Fernandes said in March that the 1 billion ringgit private placement was "done", but has not disclosed the identity of the investors. He declined to comment on a Bloomberg report in March that Saudi Arabia's sovereign wealth fund was set to invest US$100 million. Kamal said AirAsia was coming to the final conclusion of talks with investors "not just from an equity injection perspective, but from an overall transactions perspective", and hopes to make an announcement in "due course". AirAsia, one of Asia's largest low-cost carriers and one of Airbus' largest customers, has around 360 planes on order. On Friday, AirAsia signed a memorandum of understanding with Airbus to buy 50 long-range A321XLR planes with conversion rights for another 20 of the single-aisle jets. Fernandes said last week he hoped to exit the financially distressed status soon, once restructuring efforts are complete. As part of this, Capital A is in the process of selling its AirAsia aviation business to long-haul unit AirAsia X to consolidate long- and short-haul operations under a single AirAsia brand.
Business Times
09-07-2025
- Business
- Business Times
AirAsia talks with investors near conclusion, says deputy CEO
[SINGAPORE] Budget airline AirAsia is nearing the conclusion of talks with potential strategic investors as the Malaysia-based airline approaches the end of its restructuring process, deputy Group CEO Farouk Kamal said on Wednesday (Jul 9). The airline, whose parent company Capital A was classified as financially distressed by Malaysia's stock exchange in 2022, is arranging a RM1 billion (S$301 million) equity injection alongside financing for its extensive order book of new planes, Kamal said, speaking on a panel at the Reuters NEXT Asia summit. Capital A Group CEO Tony Fernandes said in March that the RM1 billion private placement was 'done', but has not disclosed the identity of the investors. He declined to comment on a Bloomberg report in March that Saudi Arabia's sovereign wealth fund was set to invest US$100 million. Kamal said AirAsia was coming to the final conclusion of talks with investors 'not just from an equity injection perspective, but from an overall transactions perspective', and hopes to make an announcement in 'due course'. AirAsia, one of Asia's largest low-cost carriers and one of Airbus' largest customers, has around 360 planes on order. On Friday, AirAsia signed a memorandum of understanding with Airbus to buy 50 long-range A321XLR planes with conversion rights for another 20 of the single-aisle jets. Fernandes said last week he hoped to exit the financially distressed status soon, once restructuring efforts are complete. As part of this, Capital A is in the process of selling its AirAsia aviation business to long-haul unit AirAsia X to consolidate long- and short-haul operations under a single AirAsia brand. REUTERS
