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AirAsia X will lease six Airbus A330 planes to expand its fleet

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Long-haul budget carrier AirAsia X says it will lease six Airbus A330 planes to expand its fleet as it seeks to nearly triple passengers to seven million by 2014.

The airline currently has 11 planes and will receive 17 new Airbus A330-300 planes it has ordered through to 2017.

Chief Executive Azran Osman-Rani says AirAsia X has decided to lease six more of the A330-300 planes, to be delivered over the next two years, to grow its routes in Asia and the South Pacific as competition intensifies.

He says the 10-year leasing deal with US-based International Lease Finance Corp. will cost $500 million.

Azran said Thursday the airline carried 2.5 million passengers last year and aims to grow to 7 million passengers by 2014. – Jakarta Post