Shares in AirAsia X rose 1.60 percent on their market debut in Malaysia as the firm's chief executive promised a spending spree on new planes to boost frequency and target more routes.
AirAsia X's chief executive Azran Osman-Rani (R), independent non-executive chairman Rafidah Aziz (C) and director Kamarudin Meranun at the Malaysia Stock Exchange on July 10, 2013. AirAsia X will take delivery of 23 Airbus A330-300 planes over the next four years with a further order for 10 A350-900s as it aggressively expands routes to meet demand in Asia-Pacific.
The carrier was trading at 1.27 Malaysian ringgit after morning Kuala Lumpur trade, up from an initial valuation of 1.25 ringgit and far outstripping the wider market, which was up just 0.17 percent.
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