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AirAsia X Group plans new routes from Bangkok and Bali
The other three A330s TAAX are still slated to receive by the end of 2015 will be allocated to other markets. The group has stated that TAAX is planning to launch services to Tehran in Iran and is seeking to launch services to Dalian and Qingdao in China as well as Melbourne in Australia.
The AirAsia X group also stated in its 1Q2015 results presentation that IAAX plans to launch services to Jeddah and Sydney and is also seeking to serve Brisbane and Tokyo. IAAX currently only serves Taipei (four times per week) and Melbourne (five times per week), resulting in a relatively low average utilisation rate for its two A330-300s. IAAX will likely still receive a third A330-300 in 2H2015 as up to four new routes are launched.
The original AirAsia X Group fleet plan envisioned two more A330-300s for TAAX in 2016 along with one for IAAX and one for MAAX. But the group stated in its 1Q2015 results presentation that it is now planning to defer two of these aircraft, which would give it a total of only two A330 deliveries in 2016. This is a sensible move as it reduces capital expenditure at a time AirAsia X needs to focus on turning around rather than strategic expansion.
AirAsia X was previously looking at resuming expansion in Malaysia in late 2015 and 2016, including potential new routes to Europe. But given the recent adjustments to the group’s fleet plan it now seems that MAAX capacity levels will likely remain at relatively low levels.
The group will almost certainly continue growing in Indonesia and Thailand in 2016, particularly if the current restrictions on expansion in the Thailand-Japan and Thailand-South Korea markets are lifted. If the group ends up with only two aircraft deliveries in 2016, AirAsia X may look to further shrink the fleet in Malaysia in order to free up more capacity for Indonesia or Thailand, where there are generally better opportunities for growth.
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