AirAsia X plans fleet expansion
Malaysian long-haul budget carrier AirAsia X says it plans to use proceeds from a public listing to more than triple its fleet in the next four years to meet demand in Asia-Pacific.

The long-haul arm of budget giant AirAsia hopes to raise up to $277 million in an initial public offering (IPO) ahead of its July 10 debut on the Malaysian bourse.

AirAsia X currently has 10 Airbus A330-300 planes and serves 14 routes across the region, including destinations in Tokyo, Osaka, Seoul, Sydney, Perth and Jeddah.

Its website says its vision is to be "a leading low-cost, long-haul carrier globally and to create, together with other carriers of the AirAsia Group, the first global, multi-hub low-cost carrier network".

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