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
Showing posts with label Fly Asian Xpress (FAX). Show all posts
Showing posts with label Fly Asian Xpress (FAX). Show all posts
Wednesday, May 23, 2007
Saturday, January 13, 2007
FAX considering regional flights from Miri
Friday January 12, 2007
MIRI: Malaysia's third national airline Fly Asian Xpress (FAX) is mulling over plans to operate regional flights from Miri to neighbouring countries.
In the pipeline are flights from Miri to cities and towns in Kalimantan to "test" the Indonesian market, said FAX CEO Raja Mohd Azmi Razali.
FAX, recently licensed by the Government to operate international long-haul flights using the Air Asia X brand, has its headquarters in this oil capital of Sarawak.
Raja Azmi said Friday FAX wanted Miri as the base for regional operations to countries in the east Asean zone if it was commercially-viable.
"We will operate our international flights from Kuala Lumpur first before we start similar overseas long-haul flights from Kuching and Kota Kinabalu.
"These two cities in Sarawak and Sabah would serve as the bases for our international operations from east Malaysia, while Miri may be used as the base for regional flights.
"We may start with flights from Kuching and Kinabalu to cities in China, and then from Miri to Kalimantan. If the response is good, we will fly to more countries from east Malaysia," he said.
Raja Azmi was asked to comment on the feasibility of using these three cities to operate international direct flights now that Air Asia X had been given the greenlight to go international from July.
"Our foremost concern now is to establish the links between Kuala Lumpur and the international destinations we want to fly to.
"Once we have established this, then we can think of operating similar flights to overseas from east Malaysia," he explained.
FAX operates the rural air service in east Malaysia, serving some 700,000 people, many of whom are from remote places.
Source: The Star
External Links:
Fly Asian Xpress (FAX) - http://www.flyasianxpress.com
MIRI: Malaysia's third national airline Fly Asian Xpress (FAX) is mulling over plans to operate regional flights from Miri to neighbouring countries.
In the pipeline are flights from Miri to cities and towns in Kalimantan to "test" the Indonesian market, said FAX CEO Raja Mohd Azmi Razali.
FAX, recently licensed by the Government to operate international long-haul flights using the Air Asia X brand, has its headquarters in this oil capital of Sarawak.
Raja Azmi said Friday FAX wanted Miri as the base for regional operations to countries in the east Asean zone if it was commercially-viable.
"We will operate our international flights from Kuala Lumpur first before we start similar overseas long-haul flights from Kuching and Kota Kinabalu.
"These two cities in Sarawak and Sabah would serve as the bases for our international operations from east Malaysia, while Miri may be used as the base for regional flights.
"We may start with flights from Kuching and Kinabalu to cities in China, and then from Miri to Kalimantan. If the response is good, we will fly to more countries from east Malaysia," he said.
Raja Azmi was asked to comment on the feasibility of using these three cities to operate international direct flights now that Air Asia X had been given the greenlight to go international from July.
"Our foremost concern now is to establish the links between Kuala Lumpur and the international destinations we want to fly to.
"Once we have established this, then we can think of operating similar flights to overseas from east Malaysia," he explained.
FAX operates the rural air service in east Malaysia, serving some 700,000 people, many of whom are from remote places.
Source: The Star
External Links:
Fly Asian Xpress (FAX) - http://www.flyasianxpress.com
Thursday, January 11, 2007
New Low Cost Long Haul Airline aims for July 2007 Take Off
Wednesday, 10 January 2007
Fly Asian Xpress (FAX) is set to launch AirAsia X, a new low cost long haul airline. AirAsia X is expected to commence operations in July 2007 from the low cost terminal at Kuala Lumpur International Airport.
As part of the move FAX signed a Memorandum of Understanding with AirAsia. The MoU allows AirAsia to franchise its internationally recognized brand to FAX, the operator of AirAsia X.
AirAsia X’s network focus will cover destinations which are more than 4 hours in flight from Kuala Lumpur, offering daily point-to-point frequencies to popular destination in China, India and Europe. AirAsia X will also plans to tie up with LCC partners at destinations in order to increase connectivity and route network.
In terms of fleet, AirAsia X is currently finalizing its requirements, and aircrafts under consideration include Boeing 777-300ER’s and Airbus 330-300‘s.
”While AirAsia and AirAsia X will be 2 separate legal entities and have separate management teams, I believe AirAsia X and AirAsia will have a symbiotic relationship. Both carriers will enhance the feed of passengers into each others operations, and ensure passengers enjoy a seamless experience when flying with both carriers. We intend to leverage from the global popularity of AirAsia in creating the awareness of AirAsia X” Dato’ Tony Fernandes, Group Chief Executive Officer of AirAsia.
Source: ASIA Travel Tips .com
External Links:
Air Asia - http://www.airasia.com
Fly Asian Xpress (FAX) is set to launch AirAsia X, a new low cost long haul airline. AirAsia X is expected to commence operations in July 2007 from the low cost terminal at Kuala Lumpur International Airport.
As part of the move FAX signed a Memorandum of Understanding with AirAsia. The MoU allows AirAsia to franchise its internationally recognized brand to FAX, the operator of AirAsia X.
AirAsia X’s network focus will cover destinations which are more than 4 hours in flight from Kuala Lumpur, offering daily point-to-point frequencies to popular destination in China, India and Europe. AirAsia X will also plans to tie up with LCC partners at destinations in order to increase connectivity and route network.
In terms of fleet, AirAsia X is currently finalizing its requirements, and aircrafts under consideration include Boeing 777-300ER’s and Airbus 330-300‘s.
”While AirAsia and AirAsia X will be 2 separate legal entities and have separate management teams, I believe AirAsia X and AirAsia will have a symbiotic relationship. Both carriers will enhance the feed of passengers into each others operations, and ensure passengers enjoy a seamless experience when flying with both carriers. We intend to leverage from the global popularity of AirAsia in creating the awareness of AirAsia X” Dato’ Tony Fernandes, Group Chief Executive Officer of AirAsia.
Source: ASIA Travel Tips .com
External Links:
Air Asia - http://www.airasia.com
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