99 ringgit (2.84 dollars), Malaysian aviation tycoon Tony Fernandes said Friday.
AirAsia X will service other destinations in Europe as well as China and India, said Fernandes, the founder of leading Southeast Asian budget carrier AirAsia.
"AirAsia X will offer an innovative product ...
assuring passengers who will enjoy a level of comfort and convenience suited for long-haul travel," he said.
The new airline will be operated by Malaysian carrier Fly Asian Express (FAX), also founded by Fernandes and which currently operates rural air services on Borneo island.
AirAsia X will operate from the low-cost terminal at the Kuala Lumpur International Airport (KLIA) and seats on the flights to Britain will be available on the Internet from February.
Fernandes said AirAsia X expected to carry half a million passengers in its first year of operation and was looking at acquiring 20 new aircraft.
"It will be of one type only, either the 777-300 or the Airbus 330-300.
We will make an announcement by the end of January," he said, declining to say whether they wou