Tuesday, March 13, 2007

AirAsia X delays start-up

Kuala Lumpur: AirAsia X, the long-haul budget airline set up by low-cost aviation pioneer Tony Fernandes, has delayed its takeoff, possibly until next year, a report said Monday.

At its launch in January, the carrier promised budget flights to Britain beginning in July.

But The Edge Malaysia, a business and investment weekly, quoted a top company executive as saying a delay has resulted from higher leasing costs.

"We are looking at the cost structure, the right aircraft ... we want to start on the right path. It is an important element as AirAsia X is going on a low-cost model," chief executive officer Raja Mohamad Azmi said in the report.

Amzi is CEO of Fly Asian Express (FAX), which Fernandes also founded and which currently operates rural air services on Borneo island. It will run the long-haul operations.

Continue reading at: AirAsia X delays start-up

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