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Low-cost long-haul airline AirAsia X has signed a five-year extension of agreement with Swiss asset management company to support the airline's ambitious cargo growth plans.
With the extension of this agreement, Unitpool will provide for AirAsia X unit load devices (ULDs), which are needed to support the airline's fast growing cargo operations, until 2014.
ULD is a standardised cargo container for air, land and sea transportation. Unitpool guarantees the prompt delivery of ULDs as and when required by the airline in any new destination it flies to. The airline, an affiliate of low-cost short-haul carrier AirAsia, is fast expanding its route network.
The agreement is expected to help AirAsia X meet its projected target of US$14.5 million in cargo revenue in 2010, a more than 60 percent increase from the $8.7 million revenue it expects to achieve in 2009.
AirAsia X identifies cargo as a major revenue-generating channel. It is optimising the potential of its otherwise empty belly space to bring in cash by offering cargo services at rates considerably lower than its competitors' and by tapping AirAsia's extensive network and flight frequencies to reach more destinations and achieve faster delivery time.
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