AirAsia adds 70 Airbus jets

Malaysia-based AirAsia, one of Asia's leading low-cost carriers, is expanding its fleet with 70 new aircraft to meet the demand of its global ambitions, enhancing the Philippines' connectivity to new destinations while maintaining budget-friendly fares.

- By DEXTER BARRO II

AirAsia, a wholly-owned subsidiary of Capital A Berhad, said it has signed an agreement with European aircraft manufacturer Airbus to buy 50 A321XLRs with conversion rights for another 20 of the long-range narrow-body jets.

The landmark deal is valued at $12.25 billion, or around P692.25 billion.

The aircraft are scheduled for delivery beginning in 2028 through 2032.

AirAsia, currently operating a fleet of 225 aircraft, is aggressively expanding as it aims to become the world's first low-cost network carrier.

Driven by its multi-hub strategy, the airline seeks to serve longer-range and underserved routes in Central Asia, the Middle East, and Europe.