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Low Cost Airline News - Asia / Pacific.

Jan 22, 2007

AirAsia, AirAsia X

AirAsia could be the next major takeover target in Asia, according to the Centre for Asia Pacific Aviation. "The Asian market is a fertile breeding ground for investor opportunities, with equal doses of liberalization and new travelers opening up massive traffic expansion opportunities," CAPA Executive Chairman Peter Harbison said. "AirAsia has the attractions of a large and expanding market share, the lowest airline costs in the world, a brand name to die for, and unquestionable recent profitability." Jan 17, 2007

AirAsia, AirAsia X

AirAsia said in a regulatory filing yesterday that it plans to take an initial 20% stake in FlyAsianExpress, the small Malaysian domestic airline 50% owned by AirAsia CEO Tony Fernandes that will launch long-haul, low-cost service in July under the brand name AirAsia X. FAX won authority last week to operate long-haul routes not served by Malaysia Airlines, and Fernandes said initial flights would be to a UK city, Guangzhou and Tianjin. AirAsia has the option to raise its stake to 30%, it said in the filing widely cited by Malaysian media. Jan 10, 2007

AirAsia, AirAsia X

AirAsia X reached a 30-year agreement with AirAsia to use the brand name and AirAsia's website for bookings but that FAX will operate the flights independently. AirAsia's board is considering buying a stake in FAX, he added. In addition to Fernandes's 50% holding in FAX/AirAsia X, AirAsia Executive Director Kamarudin Meranun controls a 30% stake and former AirAsia CFO Raja Azmi owns the remaining 20%. Jan 8, 2007

AirAsia X

AirAsia X will bring independence to the long-haul low-cost market by giving consumers broader choices. The airline will carry 500,000 passengers in its first year of operations. Services are expected to start in July. Jan 8, 2007

FlyAsianExpress, AirAsia X

FlyAsianExpress will operate flights to destinations in Asia and Europe as AirAsia X, a new long-haul, low-cost carrier launched Friday by AirAsia CEO Tony Fernandes, who owns 50% of FAX, a small Malaysian domestic airline that operates seven 50-seat Fokker F50s and five 19-seat Twin Otters on short-haul routes. FAX won authority from the Malaysian government last week to operate long-haul flights on routes that Malaysia Airlines does not serve. AirAsia X's initial services will be to a UK city and to Guangzhou and Tianjin. Jan 8, 2007

Oasis Hong Kong Airlines

Oasis Airlines of Hong Kong is expected to expand its low-cost long-haul operation to Oakland in June. Plans call for four flights per week. Earlier this month the airline celebrated its 25,000th passenger on its Hong Kong-London Gatwick service. It launched in October and operates two 747-400s. Jan 12, 2007

Tiger Airways

Tiger Airways secured a $100 million loan facility to finance pre-delivery deposits for eight new A320s on order. The facility was arranged and underwritten by BNP Paribas. Deliveries are scheduled for 2008-10. Jan 12, 2007 01/22/2007

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Jan 8, 2007
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Date:Jan 22, 2007
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