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Malaysia's AirAsia to Expand to Its Fleet to 500 Planes by 2027

29 Aug 2017 23:15:57

foxbusiness.com

Malaysia's AirAsia Bhd. (5099.KU) is gearing up to expand to 500 aircraft by 2027, from 106 as of end-June, as the largest budget airline in Asia by passenger volume looks to widen its footprint in the region, its group chief executive officer said on Tuesday.


"I'm confident that we can reach this target or even exceed it, especially as we set up our new associate airlines in Vietnam and China in the coming years," Tony Fernandes, who is also AirAsia's co-founder, said in a news statement.


The expansion entails adding 30 new aircraft every year for the next ten years, he said.


Read full story: foxbusiness.com

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