May 22, 2007 21:51 PM
KUALA LUMPUR, May 22 (Bernama) -- AirAsia Bhd will save between 15 percent and 20 percent when it diverts its maintenance, repair and overhaul (MRO) services back to Malaysia from Singapore, its chief executive officer, Datuk Tony Fernandes said Tuesday.
"Maintenance makes up about 25 percent of AirAsia's operating cost," he told reporters after the signing of a deal here today between AirAsia Bhd and the MRO provider, Sepang Aircraft Engineering Sdn Bhd.
"Our airplanes now just need to be towed to SAE as opposed to flying them to Singapore. That is a huge saving already," he added.
He said SAE, which aims to open for business this October 1, stands to potentially clinch US$40 million from AirAsia as its anchor client.
Meanwhile, SAE chief executive officer Syed Budriz Putra said the company was also looking at luring regional budget airlines, especially those from India.
"This is because they (Indian budget airlines), like Kingfisher and Indigo also use the A320 planes just like AirAsia and we can capitalise on that," he said.
"But we are able to do narrow body as well," he said, adding that the RM80 million MRO facility has two wide-bodied hangar on an eight-acre site.
Syed Budriz also said that the company expects to set up another two wide-bodied hangar on an adjacent eight-acre land by end of next year.
-- BERNAMA
Wednesday, May 23, 2007
AirAsia To Divert MRO Services To M'sia
May 22, 2007 22:00 PM
KUALA LUMPUR, May 22 (Bernama) -- AirAsia Bhd expects to see a cost saving of between 15 and 20 percent, especially for fuel, when it diverts its maintenance, repair and overhaul (MRO) services back into Malaysian shores from Singapore, said chief executive officer Datuk Tony Fernandes.
"Maintenance makes up about 25 percent of our operating cost, of which half of it is from the MRO alone," he told reporters after the signing ceremony between AirAsia Bhd and MRO provider, Sepang Aircraft Engineering Sdn Bhd (SAE) here Tuesday.
He said the planes now just need to be towed to SAE as opposed to flying them to Singapore.
"That is a huge savings already," he said.
He said SAE, which aimed to open for business on Oct 1, could potentially clinch US$40 million (US$1=RM3.38) from AirAsia as its anchor client.
Meanwhile, SAE chief executive officer Syed Budriz Putra said the company was also looking at attracting regional budget airlines, especially those from India.
"This is because they (Indian budget airlines), like Kingfisher and Indigo also use the A320 planes just like AirAsia and we can capitalise on that," he said.
-- BERNAMA
KUALA LUMPUR, May 22 (Bernama) -- AirAsia Bhd expects to see a cost saving of between 15 and 20 percent, especially for fuel, when it diverts its maintenance, repair and overhaul (MRO) services back into Malaysian shores from Singapore, said chief executive officer Datuk Tony Fernandes.
"Maintenance makes up about 25 percent of our operating cost, of which half of it is from the MRO alone," he told reporters after the signing ceremony between AirAsia Bhd and MRO provider, Sepang Aircraft Engineering Sdn Bhd (SAE) here Tuesday.
He said the planes now just need to be towed to SAE as opposed to flying them to Singapore.
"That is a huge savings already," he said.
He said SAE, which aimed to open for business on Oct 1, could potentially clinch US$40 million (US$1=RM3.38) from AirAsia as its anchor client.
Meanwhile, SAE chief executive officer Syed Budriz Putra said the company was also looking at attracting regional budget airlines, especially those from India.
"This is because they (Indian budget airlines), like Kingfisher and Indigo also use the A320 planes just like AirAsia and we can capitalise on that," he said.
-- BERNAMA
FAX To Float AirAsia X In Three Years
May 22, 2007
KUALA LUMPUR, May 22 (Bernama) -- Fly Asian Express aims to list its long-haul budget airline, AirAsia X in the next three years, its chairman Datuk Kamarudin Meranun said Tuesday.
The move, he said, was to allow private equity investors to realise their investment in the company and three years was enough to allow AirAsia X to beef up operations and establish its brand name.
"We are happy and adequately capitalised with many investors interested in us," he told reporters after the signing ceremony between MRO provider, Sepang Aircraft Engineering Sdn Bhd and AirAsia Bhd here.
Meanwhile, FAX director Datuk Tony Fernandes said the company was looking at options, including a possible reverse take over.
He also denied earlier reports that the company was in talks with ECM Libra for the takeover.
Fernandes owns 10 percent of FAX, while other shareholders are Kamarudin (50 percent) and AirAsia's former chief financial officer Raja Mohd Azmi Raja Razali (40 percent).
-- BERNAMA
KUALA LUMPUR, May 22 (Bernama) -- Fly Asian Express aims to list its long-haul budget airline, AirAsia X in the next three years, its chairman Datuk Kamarudin Meranun said Tuesday.
The move, he said, was to allow private equity investors to realise their investment in the company and three years was enough to allow AirAsia X to beef up operations and establish its brand name.
"We are happy and adequately capitalised with many investors interested in us," he told reporters after the signing ceremony between MRO provider, Sepang Aircraft Engineering Sdn Bhd and AirAsia Bhd here.
Meanwhile, FAX director Datuk Tony Fernandes said the company was looking at options, including a possible reverse take over.
He also denied earlier reports that the company was in talks with ECM Libra for the takeover.
Fernandes owns 10 percent of FAX, while other shareholders are Kamarudin (50 percent) and AirAsia's former chief financial officer Raja Mohd Azmi Raja Razali (40 percent).
-- BERNAMA
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