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.…
Just over a month ago when the news of the Vaccinated Travel Lanes was announced, the low-cost subsidiary of Singapore Airlines, Scoot, had increased and resumed quite a fair bit of flight services, with news of its approval to operate VTL flights to South Korea still pending. It would seem…
According to local media, the Malaysian government is considering building a new international airport in Gebeng, Pahang, on the east coast of the Malay Peninsula. The state government will conduct an in-depth study on the new airport after the airport project was given the green light. "There is a need…
Malaysia's AirAsia Group Berhad announced on Wednesday its decision to ground approximately 90% of its fleet, which currently consists of more than 200 aircraft across Asia, including slightly over 100 aircraft in Malaysia. This decision had to be made due to an ongoing wave of Covid-19 infections in Malaysia, where…
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…
Malaysia Airlines is further extending its longstanding partnership with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) by signing a component support contract for its Boeing 737 fleet. Under its new long-term contract, AFI KLM E&M is to provide component solutions to Malaysia Airlines, including repair and logistics.…
Six months into the Coronavirus pandemic, Malaysia Airlines is seeing the light at the end of the tunnel. According to New Straits Times, the carrier is going to add 50% of flight capacity with 150 flights daily by the end of the year. Amhad Luqman Mohd Azmi, the carrier's Chief…
Amidst the continuing global pandemic, Japan Airlines and Malaysia Airlines are eager to overcome the obstacles of the current, revamped airline industry that is filled with uncertainty, major repercussions, temporary travel restrictions and new, transformative policies. Both carriers — which are a part of the Oneworld alliance, the world’s third-largest…
Malaysia Airlines has taken the next step in selling a stake of the carrier to another company in its quest to return to profitability. The country’s Prime Minister Mahathir Mohamad says that five bids have been received in hopes of selling part of the struggling carrier and keep it flying.…
State-owned Malaysia Airlines has received RM300 million ($71 million) of funding from the government. Earlier this year, the government already pumped RM500 million ($119 million) into the airline. In 2014, both the MH370 and MH17 incidents made a profound impact on Malaysia Airlines. As a result of the double tragedy,…
