Established in 2007 by a consortium including Tony Fernandes’ Aero Ventures and the Virgin Group, AirAsia X is a long-haul, low-cost airline based at Kuala Lumpur International Airport, Malaysia. An IPO in Jul-2013 raised just over USD300 million, most of which was applied to fleet expansion. The airline provides services to destinations throughout the Asia-Pacific and Middle East, operating on routes with sector lengths of four hours or greater. The airline provides 'feeder traffic' to the AirAsia Groups's collection of regional LCCs. AirAsia X operates a fleet of Airbus widebody aircraft.