5238 on Bursa Malaysia

AirAsia X

Logo: AirAsia X, Public domain, via Wikimedia Commons3

Low-cost airline of Malaysia, operating long-haul flights

AirAsia X Berhad, operating as AirAsia X (formerly FlyAsianXpress Sdn. Bhd.) is a Malaysian long-haul, low-cost airline and a subsidiary of the AirAsia Group. It was established in 2006 as FlyAsianXpress Sdn.2 It is headquartered in Sepang District.1 Its shares trade on Bursa Malaysia under the symbol 5238.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

2007Founded1

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  • Ticker5238 on Bursa Malaysia1
  • HeadquartersSepang District1
  • Websitewww.airasiax.com
  • Legal formberhad1
Air Asia X Airbus A340-300
Photo: Albion, CC BY-SA 3.0, via Wikimedia Commons5

AirAsia X Berhad, operating as AirAsia X (formerly FlyAsianXpress Sdn. Bhd.) is a Malaysian long-haul, low-cost airline and a subsidiary of the AirAsia Group. It was established in 2006 as FlyAsianXpress Sdn. Bhd. (FAX), initially operating regional routes under Malaysia's Rural Air Service before transitioning into a long-haul, low-cost carrier. The airline was rebranded as AirAsia X in 2007 and commenced its first international flight in November 2007, connecting Kuala Lumpur to Gold Coast, Australia.2

Corporate structure

AirAsia X is part of a group headed by Tune Group. 17 entities, 8 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

The story

2006–2007: Early operations

In 2006, FlyAsianXpress (FAX) was established as a subsidiary of AirAsia to operate Malaysia's Rural Air Service (RAS) routes, primarily serving destinations in Malaysian Borneo. The airline operated turboprop services on routes previously managed by Malaysia Airlines.

FAX faced several operational challenges, including low passenger demand on some routes, maintenance issues and flight disruptions. In April 2007, AirAsia chief executive officer Tony Fernandes proposed transferring the RAS operations to Firefly, a subsidiary of Malaysia Airlines, which had greater experience in regional turboprop operations. Following government approval, the transfer was completed on 26 April 2007, with the RAS network subsequently transferred to MASwings, a new subsidiary of Malaysia Airlines established to operate rural services in East Malaysia.

Following its withdrawal from the RAS network, FAX shifted its focus towards long-haul, low-cost operations. The airline was rebranded as AirAsia X in September 2007, marking its transition into a long-haul affiliate of the AirAsia network. The name was reportedly inspired by Yoshiki, the leader of Japanese rock band X Japan. To support its establishment, the airline secured investment from Virgin Group, which acquired a 20% stake in AirAsia X to support aircraft acquisition and operational expansion.

2007–2010: Launch of AirAsia X and early expansion

Following its transition from FlyAsianXpress, the airline was rebranded as AirAsia X in September 2007, adopting a long-haul, low-cost carrier model within the AirAsia network. On 15 September 2007, the airline received its first aircraft at Kuala Lumpur International Airport. The aircraft, an Airbus A330, was named "Semangat Sir Freddie" ("Spirit of Sir Freddie") in honour of Sir Freddie Laker, a pioneer of low-cost aviation and founder of the Skytrain service.

AirAsia X commenced its first scheduled service on 2 November 2007, operating from Kuala Lumpur to Gold Coast Airport, Australia. Following the launch of its initial route, the airline expanded its international network between 2008 and 2009, adding destinations in Australia, including Melbourne and Perth, as well as Hangzhou, China.

In 2009, AirAsia X launched its first European route with services from Kuala Lumpur to London Stansted Airport, which was later transferred to London Gatwick Airport in 2011. The airline subsequently introduced flights to Paris Orly Airport in 2010.

2010–2019: Network adjustments and growth

After experiencing early success, AirAsia X faced significant challenges starting in 2010. Rising fuel costs and intensified competition in the long-haul sector pressured the airline's profitability and cost management. In 2012, AirAsia X had to withdraw from several unprofitable routes, such as Delhi, Mumbai, Paris, London, Tianjin, and Tehran, but launched flights to Sydney and Beijing.

In 2013, AirAsia X launched an initial public offering (IPO) on the Bursa Malaysia stock exchange, raising MYR 988 million (US$310 million). The company acquired more Airbus A330 aircraft to strengthen its long-haul network. By 2015, the airline had introduced new destinations, including Sapporo, Japan.

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The expansion continued into 2017, with AirAsia X launching flights to Honolulu, Hawaii, in June and Jeju, South Korea, in December. In 2018, the airline moved its Melbourne operations to Avalon Airport to reduce costs. 2019, the airline had added several new international routes from Kuala Lumpur, including services to Fukuoka, Lanzhou, Taipei, Osaka, Tokyo (Narita) and Singapore.

2020–2025: COVID-19, restructuring and consolidation

The COVID-19 pandemic in 2020 caused significant disruption to global air travel, resulting in AirAsia X suspending scheduled passenger operations in March 2020. The suspension placed financial pressure on the airline, leading to the commencement of a debt restructuring process in October 2020.

AirAsia X completed its debt restructuring in March 2022 following court approval and gradually resumed services from April 2022, initially restoring flights to Seoul and Delhi. The airline continued rebuilding its network as international travel demand recovered, carrying more than 2.8 million passengers in 2023. During this period, AirAsia X expanded its network with the introduction of services to Nairobi, Kenya and Almaty, Kazakhstan.

In December 2024, AirAsia announced plans to consolidate its long-haul and short-haul operations under a single airline group structure. The consolidation formed part of a broader restructuring of its parent company, Capital A Berhad. Following the completion of the integration, AirAsia X was renamed AirAsia Group Bhd in July 2026. The move ended AirAsia X's status as a separate corporate entity, with its operations incorporated into AirAsia's unified network.

From Wikipedia’s article on AirAsia X, shared under CC BY-SA 4.0.4

Products and brands

Destinations

As of October 2026, AirAsia X flies (or has flown) operated to the following destinations:

Fleet

Current fleet

As of July 2026, AirAsia X operates the following aircraft:

Former fleet

As of August 2025, AirAsia X operated 18 Airbus A330-300.

Fleet development

In 2009, AirAsia X placed an order for 10 Airbus A350-900 aircraft but canceled the order in April 2018 due to rising prices. During a business forum in Manila in February 2018, Tony Fernandes revealed that the airline was considering the Boeing 787 Dreamliner for fleet expansion. However, a month later, the decision was made not to pursue the Boeing aircraft.

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By September 2018, reports indicated that AirAsia X was exploring the use of Airbus A321neo and A321LR aircraft alongside its Airbus A330 fleet. The airline believed that using narrow-body aircraft on shorter routes, with a maximum flight time of 7.9 hours, could result in cost savings of up to 16% on variable costs and 5% on fixed costs.

In March 2020, AirAsia X announced that the delivery of its Airbus A330-900 aircraft would be delayed indefinitely. This decision was made in response to the disruptions caused by the COVID-19 pandemic. However, by June 2022, the airline confirmed its commitment to receiving Airbus A330neos and A321XLRs, with deliveries expected to begin in 2026, as it gradually resumed operations after a two-year hiatus. However, in early 2026, the airline cancelled their order of the fifteen Airbus A330-900 as part of the company's reorganisation and intention to exit widebody operations, and transition to an all all-narrowbody operation consisting of the Airbus A321s.

From Wikipedia’s article on AirAsia X, shared under CC BY-SA 4.0.4

Subsidiaries and ownership

Parent company

Subsidiaries

From Wikidata.1

Timeline

  1. 2007Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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