Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
CO-PRESENTED BY
LIVE TV DownloadNews18 App
News18 English
272
nda:
Needmore seats to Win
Needmore seats to Win
upa:
»
2-min read

AirAsia Announces $30 Billion Deal for 100 Airbus Planes

According to AirAsia's Tony Fernandes, the first delivery of the jets will arrive towards the end of 2019 and will allow the airline to take on longer non-stop routes to Europe.

AFP

Updated:July 19, 2018, 9:22 PM IST
facebookTwittergoogleskypewhatsapp
AirAsia Announces $30 Billion Deal for 100 Airbus Planes
File photo of Air Asia CEO Tony Fernandes. (Reuters)
Loading...
Sepang(Malaysia): Malaysian budget airline AirAsia on Thursday announced an additional order of 34 Airbus A330neo planes, bringing the total value of its expanded 100-plane order to $30 billion as it sets its sights on European routes.

The first delivery of the jets will arrive towards the end of 2019 and will allow the airline to take on longer non-stop routes to Europe, AirAsia boss Tony Fernandes said at a media event.

These will be used by its long-haul arm, AirAsia X, replacing its older first-generation A330s.

"We can now start the London route... This plane allows us to fly to Brazil, Namibia and anywhere we want," he said.

The Kuala Lumpur-London route was dropped in 2012 due to low demand and high fuel prices.

"We lobbied hard for the A330neo after seeing the success of the A320neo, and working closely with Airbus, we have arrived at an aircraft that we are confident will allow us to expand our low fares offering beyond Asia Pacific to the rest of the world," AirAsia X chief executive Kamarudin Meranun said.

The deal makes AirAsia the biggest Asian customer of European aviation giant Airbus, which has been locked in a tight battle for dominance with US rival Boeing.

The twin-aisled A330neos are a fuel-efficient upgrade of the current A330s operated by AirAsia. Fitted with Rolls Royce Trent 7000 engines, the planes will reduce fuel consumption by 25 per cent, the planemakers said.

But the jet has been edged out by the newer Boeing 787 and was depending on AirAsia to revive sales of the upgraded long-haul plane.

Boeing on Thursday said it had firmed up an order for at least 10 787s from Hawaiian Airlines after the airline cancelled an order for the A330neo.

Fernandes also said Airasia and Airbus have began "talks" to explore cooperation to develop an industrial aviation centre in Malaysia which will include a repair and overhaul facility and a training centre.

AirAsia is Asia's largest budget carrier by fleet size but has been hit by some negative publicity recently.

In May, Indian authorities raided the airline's local offices and accused Fernandes of illegally obtaining operating licences.

Earlier that month, Fernandes apologised for a controversial stunt endorsing Malaysia's scandal-tainted prime minister Najib Razak in the country's general election, in which he suffered a stunning defeat.

Fernandes, a millionaire ex-music executive, has styled himself as Asia's answer to British tycoon Richard Branson.
(Get detailed and live results of each and every seat in the Lok Sabha elections and state Assembly elections in Andhra Pradesh, Odisha, Arunachal Pradesh and Sikkim to know which candidate/party is leading or trailing and to know who has won and who has lost and by what margin. Our one-of-its-kind Election Analytics Centre lets you don a psephologist’s hat and turn into an election expert. Know interesting facts and trivia about the elections and see our informative graphics. Elections = News18)
| Edited by: Naqshib Nisar
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
 
Most Active
Company Price Change %Gain
ICICI Bank 431.75 5.09
Reliance 1,336.85 0.22
SBI 355.35 3.84
IndusInd Bank 1,648.90 3.14
Larsen 1,544.15 4.61
Company Price Change %Gain
GRUH Finance 313.30 -4.42
Reliance 1,336.80 0.07
Larsen 1,543.65 4.60
SpiceJet 141.55 9.64
SBI 354.60 3.59
Top Gainers
Company Price Change %Gain
ICICI Bank 431.75 5.09
Larsen 1,544.15 4.61
Zee Entertain 376.85 4.55
JSW Steel 288.00 4.37
Bharti Airtel 353.20 4.25
Company Price Change %Gain
ICICI Bank 431.50 5.09
Larsen 1,543.65 4.60
Bharti Airtel 353.30 4.40
Vedanta 163.85 4.20
Tata Motors 182.15 4.09
Top Losers
Company Price Change %Gain
Tech Mahindra 735.85 -1.00
NTPC 129.15 -0.54
TCS 2,048.00 -0.29
HUL 1,749.60 -0.24
HCL Tech 1,065.95 -0.04
Company Price Change %Gain
NTPC 129.20 -0.54
HCL Tech 1,061.65 -0.46
TCS 2,049.65 -0.20
HUL 1,749.20 -0.10

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results