4 months AirAsia to spend $350M for new jets Manilatimes |Biz
THE AirAsia Group is shelling out $350 million to acquire seven more planes for its Philippine unit, according to its chief. Talking to reporters in Bangkok late last week, AirAsia Group Chief Executive Officer Tony Fernandes said the move was the Malaysia-based low-cost carrier’s way of strengthening its presence in the country, as this would allow AirAsia Philippines to open new routes and bolster passenger capacity. AirAsia Philippines’ domestic market share currently stands at 18 percent, nearly double from 2014’s 9.7 percent.
The local unit ended the second quarter with 23 aircraft, operating them from hubs in Manila, ... more