Stock Groups

Potential A321neo freighter may not be part of AirAsia’s cargo plan

[ad_1]

© Reuters. FILE PHOTO – A man passes by the AirAsia logo at Don Muang International Airport, Bangkok, Thailand on June 14, 2016. REUTERS/Chaiwat Subprasom

KUALA LUMPUR (Reuters). Teleport, AirAsia Group Bhd’s logistics arm Teleport, said that while it aims to increase its fleet of cargo aircrafts, this may not mean tapping into Airbus SE’s huge order (OTC) A321neos.

Pete Chareonwongsak, a Reuters interviewee, retracted comments he had made last week about Teleport looking to convert a “meaningful portion” of AirAsia’s 362 A321neo passenger aircraft orders to a new freighter model.

Chareonwongsak explained that she was merely saying, “If Teleport succeeds, we’re talking large orders in terms of freighters.” AirAsia is a great advantage but it doesn’t mean we are able or able to source freighters through AirAsia.

Teleport will examine freighters built from passenger planes, such as the Boeing (NYSE:) 747-800 that it inducted last Wednesday.

Airbus did not announce the creation of a freighter version of its A321neo, and there is little to no pressure from the industry to sell freighters to increase production.

Chareonwongsak claimed that Teleport participated in AirAsia/Airbus’ discussions on the feasibility of an A321neo cargoer model.

Teleport is aiming to grow its freight business so that AirAsia could consider it to operate a part of their freight fleet. Teleport may also be able to source freighters through other cargo or airline operators, he stated.

Disclaimer Fusion MediaWe remind you that this site does not contain accurate or real-time data. CFDs include stocks, indexes and futures. Prices are provided not by the exchanges. Market makers provide them. Therefore, prices can be inaccurate and differ from actual market prices. These prices should not be used for trading. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts and buy/sell signal signals. Trading the financial markets is among the most risky investment options. Please make sure you are fully aware of all the costs and risks involved.



[ad_2]