AirAsia CEO: Cheap oil paves way to revive expansion plan

SAN FRANCISCO: With low oil prices reducing its operating costs, AirAsia chief executive Tan Sri Tony Fernandes said the budget carrier was ready to start expanding again in South-East Asia and was eyeing Vietnam and the Philippines.

Fernandes, speaking to reporters on the sidelines of a US-Asean trade conference here on Wednesday, said the pace of expansion would depend on securing approvals for new routes and airport access. “We’re going to start expanding again in different parts of Asean.”