AirAsia Cofounder to Start New Airline
AirAsia cofounder Tony Fernandes is preparing to launch a new airline, with an announcement expected within the next couple of months, according to Bloomberg News. The carrier group is relocating planes for the new venture as AirAsia itself pursues refinancing and a large aircraft order. Fernandes is betting on high oil price volatility amid ongoing geopolitical tensions.
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AIRASIA X BHD co-founder Tony Fernandes is preparing to launch a new airline as AirAsia prepares to sell up to $600 million in bonds. The move follows a firm order for 150 AIRBUS SE A220 jets manufactured in Canada. Fernandes is betting on high oil price volatility to gain market share as competitors cut flight frequencies.
