Kuala Lumpur, 7 May 2026 – AirAsia co-founder Tan Sri Tony Fernandes is pressing ahead with plans to launch a new airline, even as the group faces intense pressure from elevated fuel prices and investor concern over its long-standing decision not to hedge fuel costs.
The new carrier could be announced within the next one or two months, with aircraft already being reassigned for the venture. While details remain limited, the move signals that AirAsia is still looking for growth opportunities despite a difficult operating environment for global airlines.
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