NOT TO LOOK AT C919’
AirAsia, which has only been using Airbus SE jets, plans to add 29 planes for total of 201 by end of the year
low-cost airline this month, when he announced a partnership with China’s Everbright group to create a budget airline in the country.
Fernandes is predicting the rest of the year will be better than last year, after the company posted a 30 per cent drop in firstquarter net income, saying the competitive environment is improving.
“We are seeing much better load and yields in the second, third and fourth quarter,” said Fernandes.
“So, 2016 was a record year. We think this year will be better than last year.”
Net income in the first three months of this year fell to RM615.8 million from RM877.8 million a year earlier, AirAsia reported on Thursday.
The carrier also said it planned to add 29 planes for a total of 201 by the end of this year.
The Chinese venture will be based in Zhengzhou, the capital of central Henan province. While Fernandes declined to identify specific routes for the Chinese venture, he said the carrier would focus on markets where it could grow and would “never go to Shanghai and Beijing”.
“We don’t want to disrupt existing markets,” he said. “We want to create new markets and build new businesses. That’s what AirAsia has been good at.” Bloomberg
A C919 aircraft seen at the Pudong International Airport in Shanghai last month. AirAsia group chief executive officer Tan Sri Tony Fernandes (inset) says the airline ‘will look at everything’, including newly-developed planes like the China-made C919.