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The co-founder of AirAsia X said on Tuesday the Malaysian airline plans a significant order for small jets as it adds new routes and flights for Asia's first-time travellers, but no longer needs a pending order for 15 Airbus A330neo jets.

Airbus is closing in on a deal to sell around 100 A220 jets to AirAsia , marking the budget airline's first foray into regional narrowbody aircraft, industry sources said.

Malaysia's AirAsia X targets $500 million to $600 million in debt restructuring after the budget airline this week bought the short-haul aviation business of Capital A , Deputy Group CEO Farouk Kamal said.