AirAsia X in Talks to Raise Funds for Aircraft Buys
AirAsia X , the budget airline backed by Sir Richard Branson’s Virgin Group Ltd, is in talks with export credit agencies to raise funds for three Airbus SAS planes valued at US$602.4m (US$1 = RM3.61) at list prices. The carrier will take delivery of the A330-300s in the fourth quarter of this year and take another three next year, chief executive officer Azran Osman Rani said in an interview yesterday. The discount carrier is adding more routes and offering lower fares to win customers as the global recession and rising unemployment prompt travellers to seek cheaper flights. The airline, which flies to Australia and China from its base in Kuala Lumpur, has ordered 25 aircraft to expand. (BT)

This counter is good one .. But the recent H1N1 killed the business... i believe once the vaccine for the deadly disease available... the share price shall shoot up

I sold my AIRASIA shares yesterday at RM1.21 per unit. I bought it at RM1.15 per unit and I do not plan to wait longer. So, I sell it.

Air Asia still under high risk.
1. Airline stock is high risk, because high capital requirement, volatile and competitive market, protectionism, publicity etc.
2. AA balance sheet  not so strong, cash generated just enough to cover capital commitment.
3. Share just diluted with private placement.
4. Thai associate co still making loss.
5. Big order of A320, where to deploy etc, cannot park and let it rust, right?
and so on and so on...

But I still hold and looking into addition if price drop... high risk high return...
Personal opinion only...