07-Dec-2005 10:46 AM
AirAsia targets "huge" growth: CEO says fleet of 400 aircraft achievable
(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".