All AirAsia X articles – Page 2
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NewsAirAsia X plans stock issue to raise funds while cutting share capital
Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from new investors – a total of RM500 million ($123 million). ...
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Airline BusinessCreditors face painful choice over AirAsia X
AirAsia X has asked creditors to accept an epic debt haircut, offering two painful options amid an airline industry in crisis. Announced on 6 October, the plan, if approved, would see liabilities of some MYR63.5 billion ($15.3 billion) reduced to just MYR200 million payable within the next five years at ...
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NewsAirAsia X to shed aircraft and restructure debts
Grounded long-haul low-cost carrier AirAsia X has unveiled a restructuring plan under which it aims to get debts waived and cut aircraft from its fleet in the hope that it will be able to avoid liquidation and raise fresh equity. AirAsia X says it “will not be able to meet ...
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NewsAirAsia X carried fewer than 2,300 passengers in second quarter
Long-haul low-cost carrier AirAsia X carried only 2,291 passengers during the three months ended 30 June.
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NewsAirAsia X to renegotiate aircraft leases, defer A330neos
AirAsia X will ask lessors for lease reductions across its entire fleet as the coronavirus crisis puts a strain on its business. The Malaysian low-cost long-haul carrier has targeted a 30% lease reduction and plans to renegotiate maintenance reserves. It is also seeking the early return of five leased aircraft ...
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NewsAirAsia chiefs deny wrongdoing but step aside to aid graft probe
AirAsia Group chief Tony Fernandes and chairman Kamarudin Meranun have voluntarily stepped aside from their executive roles, for two months, to allow an independent probe into bribery allegations which emerged during an in-depth investigation at Airbus. UK court documents detailing an indictment against Airbus, for allegedly failing to prevent bribery, ...
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NewsAirAsia firmly rejects implications from Airbus bribery case
Low-cost carrier AirAsia has vehemently denied any allegations of wrongdoing after Airbus was heavily fined under a deferred prosecution arrangement over multiple charges relating to alleged failure to stop bribery. Malaysia’s Anti-Corruption Commission says it is “already investigating the matter” and is “in touch” with UK authorities. The charges against ...
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NewsAirAsia X crew did not follow procedure in engine failure
Faced with a right engine failure, the flight crew of an AirAsia X Airbus A330-300 not only failed to follow the proper response procedures, they also chose to divert the stricken aircraft to an airport further away. In releasing its final report into the 2016 incident, the Australian Transport Safety ...
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NewsAirAsia X narrows third-quarter loss despite lower revenue
AirAsia X’s third-quarter operating loss fell 92.7% to MYR14.8 million ($3.56 million), as cost saving measures offset the impact of lower revenues.
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AirAsia X and AirAsia to profit-share on KL-Singapore route
AirAsia and long-haul sister carrier AirAsia X (AAX) have signed a profit-sharing agreement for flights between Kuala Lumpur and Singapore, effective 10 November.
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AirAsia and AirAsia X proceed with claim against MAHB
AirAsia and AirAsia X have filed a MYR480 million ($158 million) claim against a subsidiary of Malaysia Airports (MAHB) in the Kuala Lumpur High Court on 2 October, nine months after the sister carriers expressed their intention to pursue a claim.
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Airline BusinessNew AirAsia X opportunities after Airbus order rejig
AirAsia X’s recent order rejig for Airbus A330neos to include the A321XLR is a sensible move, one that could open up a wide range of opportunities for the low-cost carrier.
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Malaysia Airports presses AirAsia and AirAsia X to pay debts
Malaysia Airports (MAHB) is pushing AirAsia and AirAsia X to pay around MYR42 million ($10 million) in debts mostly related to passenger service charges (PSCs) after a July court victory against the two carriers.
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AirAsia X cuts A330neo commitments with latest order
AirAsia X has confirmed that its recent order of 12 A330-900s and 30 A321XLRs is a restructure of an A330neo order placed at the 2018 Farnborough air show.
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AirAsia Group orders more A330neos and A321XLRs
Long-haul budget carrier AirAsia X is ordering another 12 Airbus A330-900s, adding to the 66 already booked by the airline.
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Capacity cuts lead AirAsia X to wider Q2 loss
Lower capacity as it terminated some routes led AirAsia X to post an operating loss of MYR110 million ($26.3 million) for the second quarter.
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Airline Business
Cabin crew treatment damages airline equality effort
For all the chat about diversity and gender equality among airlines over the past year, there are still some pretty outdated practices on display in the industry.
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PICTURE: AirAsia receives its first A330neo
AirAsia has taken delivery of its first Airbus A330neo from the airframer.
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AirAsia, AirAsia X to appeal order to pay higher pax charges
AirAsia and AirAsia X are planning to appeal an order from the Malaysian High Court to pay nearly MYR42 million ($10.2 million) in passenger service charges (PSC) and late payment charges to Malaysia Airports (MAHB).
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AirAsia, AirAsia X lose bid for MAVCOM judicial review
Malaysia's High Court has dismissed applications made by AirAsia and AirAsia X seeking a judicial review of the Malaysian Aviation Commission's (MAVCOM) decision not to mediate a dispute between the carriers and Malaysia Airports (MAHB).