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Malaysia's AirAsia hopes KL-Singapore route will open up by June Malaysia's AirAsia hopes KL-Singapore route will open up by June
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Airline Code [AXM] View More AirAsia News 
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Tags :AirAsia
"I am optimistic. I think before June we should see something," Fernandes told reporters here.
"This market, just for AirAsia, could do 22 flights a day," he said, adding "there is a lot of pent-up demand here from both sides."
AirAsia said fares on the route will start from 60 sgd for a one-way ticket compared to the current round trip ticket that costs about 8 times more on Singapore Airlines and Malaysia Airlines, which have monopoly on the route.
If AirAsia receives the go-ahead, the budget carrier will also consider flights between Singapore and Malaysian cities in the north and east, such as Penang and Sabah and Kuching, Fernandes said.
Fernandes said AirAsia will exercise its option to purchase another 50 Airbus 320 planes in the "near future".
"As soon as we know when the next generation of A320s is going to be, we will make our decision," he said.
The carrier recently signed a firm order of 50 A320s, bring the group's total airline orders to 150.
Fernandes reiterated AirAsia's target to be the biggest airline in Asia by 2013, with 60 mln passengers a year.
"Looking at present growth rates, we will be bigger than Singapore Airlines and Cathay Pacific by next year in terms of passenger numbers," he said.
The airline expects to carry 15 mln passengers in the fiscal year to June 2007, up from 9.31 mln in the previous year, and expects it rise further to 21 mln in the next fiscal year.
Singapore Airlines reported that it carried about 9 mln passengers in the first half of its fiscal year to March.
Fernandes was equally upbeat on the prospects for new long-haul budget airline AirAsia X.
He expects the carrier to break even within the first month of operations, similar to AirAsia's own experience.
AirAsia X is expected to start operations in July this year from the low-cost terminal at the Kuala Lumpur International Airport and fly to destinations including Australia and London.
Other AirAsia News
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- AirAsia breaks world sales record! Sells more than 500K seats in 24 hours
- AirAsia goes live with New Skies reservation system
- Vietnamese, Malaysian leaders witness signing of agreement between AirAsia and VietJet Air
- Symbiotics assist CAE to select candidates for AirAsia MPL programme
- AirAsia increases frequency to Hangzhou (Shanghai)
- AirAsia, VietJet Air form new LCC in Vietnam
- AirAsia resumes flights to Tianjin
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