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Air Asia X leases aircraft to Saudi Air
by Cals Tue 27 Aug 2013, 10:57
Air Asia X leases aircraft to Saudi Air
Business & Markets 2013
Written by Zatil Husna Wan Fauzi of the edgemalaysia.com
Tuesday, 27 August 2013 10:25
KUALA LUMPUR: AirAsia X Bhd has inked an agreement to lease airplanes to Saudi Arabian Airlines (Saudi Air) for 14 months.
In a filing with Bursa Malaysia yesterday, Air Asia X said it would lease airplanes to Saudi Air from Sept 1 this year until Nov 30 next year for US$17.98 million (RM59.3 million).
The aircraft leased to Saudi Air is the Airbus A330 and A200.
The low-fare long-haul airline said it would provide crew, maintenance and insurance for the aircraft to Saudi Air as part of the agreement.
Air Asia X has leased two aircraft to Saudi Air until November next year. It added that Saudi Air had requested AirAsia X to provide additional capacity for its operations.
The lease will commence on Sept 1. The acceptance by Saudi Air and the inspection by the General Authority of Civil Aviation are expected to be completed by Saturday.
This article first appeared in The Edge Financial Daily, on August 27, 2013.
Business & Markets 2013
Written by Zatil Husna Wan Fauzi of the edgemalaysia.com
Tuesday, 27 August 2013 10:25
KUALA LUMPUR: AirAsia X Bhd has inked an agreement to lease airplanes to Saudi Arabian Airlines (Saudi Air) for 14 months.
In a filing with Bursa Malaysia yesterday, Air Asia X said it would lease airplanes to Saudi Air from Sept 1 this year until Nov 30 next year for US$17.98 million (RM59.3 million).
The aircraft leased to Saudi Air is the Airbus A330 and A200.
The low-fare long-haul airline said it would provide crew, maintenance and insurance for the aircraft to Saudi Air as part of the agreement.
Air Asia X has leased two aircraft to Saudi Air until November next year. It added that Saudi Air had requested AirAsia X to provide additional capacity for its operations.
The lease will commence on Sept 1. The acceptance by Saudi Air and the inspection by the General Authority of Civil Aviation are expected to be completed by Saturday.
This article first appeared in The Edge Financial Daily, on August 27, 2013.
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