AirAsia Berhad : New Aircraft Delivery In FY12/11 - 05/08/2010

♦ Only 8 new aircraft in FY12/11. AirAsia is cutting new aircraft delivery in FY12/11 for a second time. It has signed another amendment agreement with manufacturer Airbus SAS to reschedule the delivery of seven A320 from Mar-Oct 2011 to Apr-Nov 2015, reducing new aircraft delivery in FY12/11 to eight from 15. AirAsia said that no penalties are payable arising from the deferment. Recall, in Oct 2009, new aircraft delivery in FY12/11 was first reduced to 15 from 25 originally with the deferment of eight A320 from Feb- Dec 2011 to Sep 2014 – Oct 2015. Based on the revised new aircraft delivery schedule, we now project AirAsia’s fleet size to only increase from 84 (A320 x 74 & B737 x 14) as at end-1QFY12/10 to 94 (entirely A320) as at end-FY12/11, vis-à-vis 101 (entirely A320) previously.