Malaysia's AirAsia X to fly into India

Malaysian aviation tycoon Tony Fernandes has launched a new long-haul budget airline named AirAsia X, which will start flying to destinations in China, India and Europe in July. AirAsia X will be a collaboration between AirAsia, the region's biggest low-cost carrier, and Fly Asian Express, or FAX, a small airline serving rural routes in Malaysia. Fernandes is the majority owner of Fly Asian Express with a 50% stake. He is also the brain behind AirAsia, which he bought as a bankrupted company in 2001 and turned it into the most profitable and biggest low-cost carrier in Asia. He is one of the main shareholders in the airline. "FAX signed an memorandum of understanding (MoU) with AirAsia which allows AirAsia to franchise its brand to FAX," said a joint statement.

"AirAsia X's network will cover destinations which are more than four hours in flight duration from Kuala Lumpur, offering daily point-to-point frequencies to popular destinations in China, India and Europe," it said. The statement said AirAsia X will also tie-up with low cost carrier partners at destinations in order to increase connectivity and route network. AirAsia X is finalizing its requirement and aircraft under consideration include the Boeing 777-300ER and Airbus 330-300, the statement said. "AirAsia X will offer an innovative product-offering, ensuring passengers will enjoy a level of comfort and convenience suited for long-haul travel," Fernandes said.

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