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Name | Symbol | Market | Type |
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PIMCO Investment Grade Corporate Bond Index ETF | AMEX:CORP | AMEX | Exchange Traded Fund |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
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0.05 | 0.05% | 95.81 | 95.9184 | 95.765 | 95.88 | 6,335 | 16:22:34 |
By Linda Silaen
JAKARTA--AirAsia (5099.KU) Chief Executive Tony Fernandes on Tuesday confirmed his company is nearing a deal for the purchase of 100 new Airbus (ABI.YY) jets.
"We're getting closer to an order for 100 aircraft. It's not there yet," he told reporters on the sidelines of a business meeting. "We certainly feel that we need the aircraft."
AirAsia is the largest low-cost carrier by fleet size. Last year it placed orders to buy 200 jets from Airbus, a division of the European Aeronautic Defence & Space Co. NV (EAD.FR).
The move was part of an expansion drive by regional budget airlines, who are betting on steady growth in air traffic in Southeast Asia, where a population of about 600 million remains underserved by air links.
Linda Silaen at linda.silaen@dowjones.com
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