AirAsia announced (04-Aug-2010) it has signed an amendment agreement with Airbus for the revision of the delivery dates of seven A320 aircraft originally scheduled for delivery in 2011 to the year 2015. With the deferment, the delivery of 15 aircraft in 2011 shall be reduced to eight aircraft. The number of deliveries in 2015 will also be increased from two aircraft to nine aircraft. The rationale for the deferral of the 2011 aircraft is similar to its rationale for the deferral of the 2010 Aircraft in Aug-2009, in that AirAsia foresees infrastructural constraints with the current airport facilities at Kuala Lumpur International Airport. Until the new LCCT is constructed, the present infrastructure at the low cost terminal is not able to accommodate AirAsia’s fleet expansion in the number of aircraft originally scheduled to be delivered in 2010 and 2011. The LCCT is expected to be completed by Mar-2012 (Malaysia Business Times, 04-Aug-2010). The rationale to further scale down on the delivery of aircraft in 2011 is to enable AirAsia to optimise its fleet and avoid the costs associated with leaving idle or underutilised aircraft due to infrastructural limitations – avoiding having to incur depreciation, interest expense and other costs without earning revenue. The Amendment Agreement is not expected to have any material impact on the financial position of AirAsia for this current financial year but may to a limited extend impinge on the earnings growth in the short term period. Under a Purchase Agreement and a number of amendment agreements entered into between Airbus and AirAsia, AirAsia has agreed to a firm order of 175 A320 aircraft, which schedule of delivery runs from Dec-2005 to Oct-2014. [more]
AirAsia defers delivery of seven A320s to 2015
You may also be interested in the following articles...
Malindo Air plans more rapid expansion in 2017 as it rebrands, and closes in on Malaysia Airlines
Malaysia’s Malindo Air is poised to have a momentous year in 2017, with more rapid expansion and a highly anticipated rebranding. Malindo plans to adopt the Batik Malaysia brand in early 2017, positioning it alongside Indonesia-based Batik Air as the two full service airlines in the Lion Group.
Malindo has been one of Asia’s fastest-growing airlines since it launched services in Mar-2013. It recently reached the 40-aircraft milestone, after adding an astonishing 13 aircraft in just six months. Malindo plans to end 2016 with a fleet of 42 and take at least 10 additional aircraft in 2017.
The focus in 2017 will mainly be on adding capacity to existing destinations, improving connectivity as it looks to drive more transit and interline traffic. However new routes to Australia, China and Saudi Arabia are planned in early 2017, followed by potential new routes to Japan, Korea and Pakistan later in the year – leveraging the improved range of the 737 MAX.
Malindo Air Part 3: interline partnerships drive new phase of growth for Lion Group’s Malaysian JV
Malaysia’s Malindo Air is focusing on partnerships both within and outside the Lion Group to help support accelerated growth. Malindo now accounts for approximately 8% of traffic at Kuala Lumpur International Airport (KLIA) and will soon link KLIA with over 30 destinations, making it attractive to foreign airlines seeking feed.
Malindo has implemented interlines with Turkish Airlines, Qatar Airways and Etihad Airways over the last four months. It is now in the process of implementing an interline agreement with Oman Air, and aims to have seven interlines in place by the end of 2016.
Malindo is also now working more closely with other airlines in the Lion Group. Malindo recently began selling connections beyond Bangkok on Thai Lion Air, and plans soon to begin selling connections beyond Jakarta on Batik Air.