[Gerald A]

The A340 that will be used was acquired at a competitive lease price when fuel prices were way up. "X" certainly has some luck on its side; the four-engined A340 is suddenly again a much more effective aircraft with oil down in the low USD30s per barrel - at precisely the time consumers are most price sensitive for long distance flying.

Meanwhile, AirAsia X stated it hopes to launch services to at least three destinations in Japan (Hokkaido, Osaka and ***uoka) by the end of 2009, after the Japanese Government relaxed its visa requirements for Malaysians. The LCC also plans to commence services to Tianjin (near Beijing) in Apr-09 and is considering Chengdu, Xian, New Delhi, Mumbai, Amritsar and Sydney as other possible destinations, subject to government approval.

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