# AirAsia CEO Tony Fernandes to Launch New Airline Within Months

_May 7 14:28_

Tags: AirAsia, AirAsia X, Asia, Canada, Malaysia, Vietnam, airline, industry news

AirAsia founder Tony Fernandes confirmed he is preparing to launch a new low-cost airline, with an official announcement expected in the next one to two months

## Summary

AirAsia CEO Tony Fernandes announced plans to start a new airline, betting on expansion despite high oil prices. The new carrier will likely follow the successful low-cost model. Fernandes stated the airline will be announced in the next month or two, with AirAsia already moving planes to support the venture. This expansion follows AirAsia's multibillion-dollar order for 150 Airbus A220 aircraft. To fund the new venture, AirAsia is preparing to sell up to US$600 million in bonds and is in talks with Malaysian banks for refinancing. The company is also meeting with Canadian pension funds. While AirAsia's shares have tumbled due to a lack of fuel hedging, Fernandes remains confident in bearish oil prices. The new airline's specific destination or base is not yet disclosed, though AirAsia has discussed expanding in Vietnam

## Why it matters

Affects 5 airline programs (AirAsia, AirAsia Indonesia, AirAsia X...).

## Sources cited

- [LoyaltyLobby](https://loyaltylobby.com/2026/05/07/air-asia-cep-tony-fernandes-is-starting-a-new-airline?omhide=true) — Air Asia CEO Tony Fernandes Is Starting A New Airline

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