Business Aviation
A Philippines AirAsia A320 aircraft (Photo: [CC BY-SA 3.0 (])

Cash-Strapped AirAsia Still Needs to Support Affiliates

AirAsia Group has announced a planned financial restructuring of its Thai businesses, which would include a capital infusion and a reorganization of its 45%-owned Thai AirAsia Co Ltd's holdings (TAA). The move is hardly surprising, given AirAsia had previously said that its affiliates will seek financial assistance from the nations in which they operate. In a nutshell, the Thai reorganization aims to generate 6.3 billion baht ($190 million) in new capital, out of a total of 14 billion baht declared.…

Malaysia’s AirAsia Group Records Narrower First Quarter Loss

Malaysia's flagship low-cost carrier AirAsia Group filed a stock exchange on Thursday (May 27) showing a smaller first-quarter net loss - which marks its seventh consecutive quarter losses - having narrowed by 4.5 percent. This loss was narrower as the airline was able to successfully negotiate with aircraft lessors on…