AirAsia X to take delivery of 2 Airbus planes in 2016

CIMB Research reduced its target price for AirAsia X from 17 sen to 15 sen

KUALA LUMPUR: Medium-haul low-cost carrier AirAsia X Bhd will take delivery of two Airbus planes this year after a deferment in 2015.

"These are not new orders but rather those that we held back following our rationalization last year," its chief executive Benyamin Ismail said on Wednesday.

AirAsia X is expecting to launch several new routes this year and expects old factors to sustain at some 87%.

"We think we can add to capacity as demand is still there," he told reporters.