WSJ: AirAsia to buy 100 A320s

AirAsia has agreed to buy an additional 100 Airbus A320s to fulfill its ambitious plans for growth in Southeast Asia, a person with knowledge of the decision told the Asian Wall Street Journal newspaper. The order is valued at $6.7 billion based on list prices, but aircraft suppliers usually give deep discounts to their customers for large orders, and it isn’t clear how much AirAsia has agreed to pay for the jets.

The Malaysian low-cost carrier expects to take delivery of the new planes starting in 2012 and plans to use them to increase flight frequencies and serve new destinations in the region, the person said.