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AirAsia targets "huge" growth: CEO says fleet of 400 aircraft achievable

Analysis

(KUALA LUMPUR: 06 December 2005) AirAsia could eventually grow to operate a fleet over 400 aircraft, according to its CEO, the newly crowned CAPA Aviation Executive of the Year, Tony Fernandes. 

Speaking at a press conference before the start of the second day of the Centre for Asia Pacific Aviation's Outlook 2006 Summit in Kuala Lumpur, Tony Fernandes responded to a question about how big his carrier can be by remarking that US LCC, Southwest Airlines, started with three aircraft and now has about 400, and "they're in a smaller market than ours".
 
Mr Fernandes, who the evening before was named the CAPA Aviation Executive of the Year for the second consecutive year at a gala reception, said that for the past few years AirAsia has been investing in its network and "this year the investment begins to pay off".
 
AirAsia recently signed the purchase agreement for 60 A320s, which will begin arriving in two days time. The aircraft are expected to lower AirAsia

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