AirAsia CEO Said to Plan Unveiling Order for 100 Airbus Jets
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AirAsia Bhd., the region’s biggest discount airline, plans to unveil an order for 100 Airbus A320 jets today as the carrier expands operations to fend off rising competition, two people familiar with the contract said.
AirAsia Group Chief Executive Officer Tony Fernandes is flying to an Airbus factory in Broughton, Wales, to announce the order, valued at about $9 billion at list price, according to the people, who asked not to be identified as the information isn’t public yet. The airline is buying current-generation A320s as well as more fuel-efficient A320neos, and U.K. Prime Minister David Cameron is planning to attend the event, the people said.