Tickets can be purchased online beginning February on AirAsia’s website. The company is offering unbelievable promotional fares of 9.99 ringgit (about $2.85) one-way on the Kuala Lumpur-Britain route. AirAsia X plans to fly to India, Australia and other parts of Europe at a later stage. Fernandes targets the new airline to carry 500,000 passengers in its first year.
Transport Minister Chan Kong Choy, who officiated the launching ceremony of the new airline, gave assurances that AirAsia X would not have any impact on state-owned carrier Malaysia Airlines, of which I doubt very much.
“Within the next 7 years, I am convinced we (AirAsia) will be the largest airline in the world with 50 million passengers a year,” Fernandes said. He further commented that AirAsia X plans to tie-up with other low-cost carriers to boost connectivity but talks of an alliance with either U.K.-based Virgin Atlantic and EasyJet PLC are premature.
“We are looking at a maximum 200 planes, including the 100 firm orders of Airbus A320,” AirAsia’s executive director Kamarudin Meranun said on the fleets expansion.
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January 5th, 2007 by financetwitter
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Comments
i think there could be typo-error on the bursa malaysia announcement …
all the medias (local & international) reported tony with 50% equity & kamarudin and raja mohd azmi, with 30 percent and 20 percent stakes respectively …
cheers …
if you think it was a typo-error, amended announcement will be issued pretty soon…we’ll see. but my hunch is there would be none.
after i re-check with some local publishers such as theedge, you might be right … tony might be holding only 10% … foreign sources however still maintain the equity published … so, we’ll wait to see the official figures … either foreign source was wrong or typo-error on bursa occurs … either-way, it does not affect investors’ confidence (if any) on AirAsia …
cheers …
From Bursa announcement I reckon that the actual AirAsiaX shareholding structure (as opposed to what reported in the media) is as follows: Kamarudin (50%), Raja Azmi (40%) and Tony (10%).
Refer to: http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/48256E5D00102DF34825725A00365E9D?OpenDocument
Regards