AirAsia X confident of returning to the black

Airbus president and CEO Fabrice Bregier showing his delight after Fernandes agreed to the MOU on the new planes. Also present are AirAsia X chairman Tan Sri Rafidah Aziz and Azran.

LONDON: AirAsia X Bhd will return to the black in the second half of the year as its aggressive expansion into North Asia reaches the average 12-month breakeven point, said chief executive officer Azran Osman-Rani.

On Tuesday, the long-haul, low-fare airline affiliate of the AirAsia Group signed a memorandum of understanding for 50 A330neo aircraft valued at US$13.8bil (RM44.16bil) with Airbus. Signed at the Farnborough International Airshow, this is the world’s first airline commitment for the new version of the A330neo launched by Airbus this week.