Adds particulars and quote
KUALA LUMPUR, Jan 11 (Reuters) – Malaysian price range service AirAsia Group Bhd AIRA.KL just isn’t seeking to swap plane provider regardless of cancelling orders from Airbus AIR.PA final month, its chief govt officer Tony Fernandes mentioned.
Fernandes initially declined to remark when requested on a panel on the Reuters Subsequent convention if the airline he based would swap to Boeing BA.N, however then mentioned that the airline and Airbus “love one another”.
“We love one another. Between us and Airbus, we have plenty of ups and downs like every relationship however we’re joined on the hip,” he mentioned.
Airbus mentioned final week it had cancelled a cope with AirAsia Group’s long-haul affiliate AirAsia X AIRX.KL, together with for 10 A350 wide-body jets value $3.2 billion at listing costs. It nonetheless has greater than 108 different orders from the financially troubled service.
AirAsia Group, along with AirAsia X, is one in every of Airbus’ largest clients and likewise purchases solely from them.
The planemaker final month challenged AirAsia X’s debt restructuring scheme, saying it stood to lose greater than $5 billion value of orders if the scheme went by means of.
For extra protection from the Reuters Subsequent convention please click on right here
To observe Reuters Subsequent dwell, go to https://www.reutersevents.com/occasions/subsequent/register.php
(Reporting by Liz Lee, modifying by Louise Heavens, Kirsten Donovan)
((liz.lee@thomsonreuters.com; Desk: +60323338039; Twitter: @livinglizly;))
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.