Transportation

AirAsia to Start New Airline, Stays Defiant on Fuel Hedging

Tony Fernandes and Mark Carney at the Airbus A220 delivery center in Mirabel, Quebec, Canada, on May 6.Photographer: Andrej Ivanov/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Danny Lee

May 7, 2026 at 6:04 AM UTC

AirAsia X Bhd. co-founder Tony Fernandes said he’s preparing to launch a new airline, betting that expanding while the aviation industry’s being roiled by high oil prices will pay off in the future.

The new airline will be announced in the next month or two, Fernandes said in a video interview from Montreal late Wednesday. The low-cost Southeast Asian carrier group is moving some planes for the business it’s starting, he said, without providing further details.