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…
Scoot Expands Europe Network to London, Singapore Airlines Group on…
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…
Malaysia Considering Building International Airport on East Coast
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…
AirAsia Group Announces Major Fleet Groundings, Looks Towards Freight Operations
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…
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…