AirAsia plans up to 150 more planes over decade, focuses on Philippine unit

Low-cost carrier AirAsia plans to purchase up to 150 additional aircraft over the next decade, with a focus on expanding its Philippine unit by adding between 10 to 20 more planes over five years.

During the inauguration of AirAsia Philippines' new office in Pasay City last Tuesday, CEO Tony Fernandes hinted at further expansion strategies and confirmed that the airline aims to grow its fleet from about 255 planes to 500 aircraft by 2035.

Deputy Group CEO Chester Shee Soon Voo stated that AirAsia Philippines plans to increase its fleet this year from 15 to 21 aircraft, with two to four more expected annually starting in 2026, contingent on ongoing evaluations of aircraft manufacturers and airport slots availability.

AirAsia is also working closely with airport authorities to accommodate the growing fleet and considering launching new hubs outside Manila, including Bohol, Clark, Cebu, and Tacloban, while exploring direct flights to India with its newly acquired A321XLR planes.

The airline's strategy includes acquiring new-generation aircraft that can reduce operational costs by approximately 30 percent, making it possible for AirAsia to maintain competitive pricing.