AirAsia X Bhd. co-founder Tony Fernandes is preparing to launch a new airline, signalling an aggressive expansion push even as the aviation sector grapples with elevated oil prices. According to a Bloomberg report, Fernandes said the new carrier is expected to be announced within the next one to two months.
Speaking in a video interview with the news agency from Montreal late Wednesday, Fernandes said the group is reallocating aircraft for the upcoming venture, though he did not disclose further operational details. The move comes as the low-cost Southeast Asian airline group looks to scale up amid volatile market conditions.
