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AirAsia plans for large A320neo order; expects long-term benefit from A320 delivery deferment

17-Feb-2011

AirAsia CEO Tony Fernandes stated the carrier is “actively discussing” plans to acquire 175 A320neo aircraft as it expands its short-haul ASEAN network. “We like the product and we'd like to order lots more because there's plenty of growth in our region,” Mr Fernandes stated. [1047 words]

Unlock the following content in this report:

Subheadings:

  • Considers switch to A320neo
  • Deferral to be a positive on balance sheet
  • Not the first deferral by AirAsia
  • 4Q results expected to be favourable

Graphs and data:

  • AirAsia delivery schedule: 2011 to 2015
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