AirAsia has signed an agreement to buy US$12.25 billion (RM51.72 billion) worth of long-range Airbus A321XLR aircraft, with deliveries confirmed by 2028, said Capital A Bhd CEO Tony Fernandes.

He said the low-cost carrier inked a memorandum of understanding (MOU) with Airbus in Paris today for 50 A321XLRs with rights for 20 A321XLRs, the new fleet of which is targeted to serve Central Asia, the Middle East, and Europe, among others.

“This will probably make us one of the...