AirAsia flying to greater heights, close to major Airbus deal

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Malaysia's AirAsia is putting the finishing touches to a deal to buy up to 100 Airbus passenger jets as it expands internationally, sources familiar with the matter said on Friday.

The deal, potentially worth around US$9 billion (S$11.2 billion), is designed to fuel the growth of what is fast becoming a cluster of related airlines under AirAsia's founder Tony Fernandes, who placed a record order for Airbus jets last year.

If confirmed, the deal could will a setback to Canada's Bombardier which has tried to persuade Asia's largest budget carrier to choose its alternative new CSeries jet.

Talks are at the final stage but the Airbus deal will probably not be ready in time to be announced at next week's Berlin Airshow, the sources said, asking not to be identified.