AirAsia X announced an order for 25 Airbus A330-300s.

New York (AirGuideBusiness - Business & Industry Features) - Mon, Dec 16, 2013

AirAsia X announced an order for 25 Airbus A330-300s on Wednesday Dec. 18 in a deal valued at USD$6 billion at list prices. The long-haul budget carrier owned by Malaysian airline entrepreneur Tony Fernandes, whose AirAsia group has already ordered more than 542 smaller Airbus planes, described the move as a bid to set up the low-cost equivalent of a major connecting carrier such as Emirates. AirAsiaX will continue to focus on its core Asian market but hopes to restart flights to Europe, which were suspended during the region's financial crisis, from around 2016, he said. "We are stepping into a new direction for low-cost carriers... We are going to bust open a new market and make the world smaller," Fernandes said. The deal is the largest single airline order for the current-generation Airbus wide-body jets. AirAsia X chief executive Azran Osman Rani said he expected strong Asian demand in the future given that low-cost airlines had not penetrated the market...

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