India, July 7 -- AirAsia Berhad, a wholly-owned subsidiary of Capital A Berhad, signed an agreement with Airbus valued at USD12.25 billion for 50 A321XLRs with rights for 20 A321XLRs.

With this agreement, the airline takes a major step towards becoming the world's first low-cost narrow-body network carrier, anchored by its multi-hub strategy.

The aircraft are scheduled for delivery commencing 2028 through 2032.

Witnessed by Prime Minister of Malaysia YAB Dato' Seri Anwar Ibrahim, the agreement was signed today in Paris between Tony Fernandes, CEO of Capital A, and Christian Scherer, CEO of Airbus Commercial Aircraft.

Tony Fernandes, CEO of Capital A and Advisor & Steward of AirAsia Group said: "We pioneered low-cost travel in Asia - n...