Malaysia's AirAsia X defers A330neo deliveries as coronavirus crimps demand

Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand.

Malaysia's AirAsia X defers A330neo deliveries as coronavirus crimps demand
Tail of AirAsia X plane as seen at the Garuda Maintenance Facility AeroAsia in Tangerang, Indonesia, September 20, 2017. (Reuters)

Malaysian long-haul budget airline AirAsia X Bhd said it will defer delivery of 78 Airbus SE A330neo planes and consider other changes to reduce its fleet as the coronavirus dents demand. AirAsia X said late on Thursday it might sell two A330s that could fetch up to $100 million and return five others to lessors early, adding it was already in negotiations with lessors about a targeted 30 per cent cut in lease rates.

The airline cancelled 600 flights in March, according to an investor presentation published after it released financial results showing a widened net loss and flagging lower forward bookings and fares under pressure.