(i) Fleet Management AirAsia’s fleet comprises three models of the Airbus A320 family, which are acknowledged to be the most efficient among narrow-body commercial jet aircraft; and one Airbus A330 as our widebody aircraft. Our fleet remains relatively young at an average age of 8.9 years. Fleet size Model Units Average age of type (years) Passenger Capacity A320 121 10.02 180/186 A320neo 29 4.5 186 A321neo 2 3 236 A330 1 7 377 Fleet age (years) % of total fleet % of planes upgraded in past 2 years < 7 years 34% 0% 7 – 13 years 44% 0% > 13 years 21% 0% Planning ahead for our medium and long-term needs, AirAsia has reaffirmed our commitment to upgrade our fleet to the higher capacity and more fuel-efficient A321neo with the signing of an amendment agreement with Airbus in October 2021. The agreement covers a total order of 362 A321neo aircraft, which includes the conversion of 13 orders for the A320 that have yet to be delivered to Airbus’ latest iteration. In keeping with AirAsia’s practice of maintaining a single-class seating layout, each A321neo will be fitted with 236 seats, increasing its capacity while lowering per seat costs. As the A321neo aircraft replace the older A320 fleet, we expect to benefit from significant sustainability gains. With 30% more seating capacity, each A321neo will result in a 20% fuel savings per seat compared with the legacy A320ceo model. The A321neo also delivers a double-digit reduction in nitrogen oxide emissions and reduced engine noise. The new aircraft are scheduled for delivery through to 2035. Adjusting for post-Covid recovery, AirAsia is to take delivery of our fifth A321neo aircraft (and the first from this order reaffirmation) in 2024. Beyond 2035, AirAsia is monitoring developments in the zero-emission aircraft industry. We have signed a letter of support with UK-based ZeAero%, which is developing a new hydrogen-powered aircraft that produces no polluting emissions during flight. AirAsia will provide feedback and inputs to help ZeAero% optimise its design in the run-up to production targeted for 2030. 1 2 2 C A P I T A L A B E R H A D Environmental (cont’d.)
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