All AirAsia articles – Page 2
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NewsPandemic resurgence dashes domestic recovery hopes for AirAsia Group
Fresh waves of coronavirus infections in most of AirAsia Group’s key operating markets dampened any prospect of strong recoveries.
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Airline BusinessAirline Business Weekly Briefing: No more domestic bliss in Asia-Pacific
News this week that Australia’s domestic air travel market has been hit hard by a resurgence of Covid-19 cases reflects a growing trend of Covid-19 challenges in Asia-Pacific, with no easy answers.
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NewsAirAsia’s Fernandes committed to Airbus orderbook
AirAsia Group chief executive Tony Fernandes is still bullish about to taking delivery of all aircraft the low-cost carrier has on order with Airbus.
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News‘Cargo could be as powerful as our passenger services’: AirAsia chief
Air cargo has been a “diamond in the rough” for AirAsia during the Covid-19 pandemic and is likely to retain a high importance to the business in the longer term, according to group chief executive Tony Fernandes.
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News‘I will not forget the lessors who have treated us badly’: AirAsia chief
AirAsia Group chief executive Tony Fernandes says he has found it “painful” how some unnamed lessors have treated the business during the Covid-19 crisis.
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NewsAirAsia Group to raise up to MYR1 billion, eyes other fundraising opportunities
AirAsia Group will raise up to MYR1 billion ($239 million) through a proposed renounceable rights issue, as it confirms that it is “well-progressed” to secure other fundraising initiatives that will beef up its war chest against the coronavirus pandemic.
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In depthAirAsia’s MRO unit touts expertise, sees opportunity amid gloom
Despite commencing operations in the middle of the coronavirus pandemic, AirAsia Group’s MRO unit Asia Digital Engineering (ADE) sees a silver lining in the crisis, which has brought most of the aviation industry to its knees.
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NewsAirAsia’s first dedicated freighters to begin operations in Q3
AirAsia will operate its first dedicated cargo aircraft — a Boeing 737-800 freighter — in the third quarter of the year, as the low-cost giant doubles down on expanding in the region’s fledgling cargo market.
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NewsAirAsia Group targets recovery in two years after Q1 loss widens
Ongoing travel restrictions have contributed to a 2.4% year-on-year widening of AirAsia Group’s first-quarter net loss, to MYR976 million ($235.8 million).
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NewsAirAsia Group MRO unit gets base maintenance regulatory approval
Asia Digital Engineering (ADE), the MRO unit of AirAsia Group, has obtained regulatory approval to perform base maintenance works.
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Airline BusinessAirAsia ups 2021 fleet plan as it eyes vaccine rollouts
The AirAsia Group has revised its fleet plan for 2021 upwards, expecting to operate 231 aircraft by December 2021, compared to its previous forecast of 221.
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NewsAirAsia sees recovery signs ahead after heavy 2020 loss
Low-cost carrier group AirAsia posted a net loss of MYR5.9 billion for 2020 as revenue slumped 74% and it was hammered by one-off costs during the pandemic-hit year.
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NewsAirAsia to swap stock for full ownership of loyalty programme
Malaysia’s AirAsia Group and Aimia Holdings UK II have signed a memorandum of understanding (MoU) for a $25 million stock swap deal, for the latter’s 20% equity interest in the airline group’s loyalty programme.
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NewsAirAsia eyes foray in drone deliveries, air taxis
AirAsia Group has tied up with Malaysia’s state-backed innovation sandbox to test drone delivery services, as it reportedly eyes a foray into air taxi services in the near-term.
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NewsAirAsia Japan closure has cost group $80 million so far
AirAsia Japan’s closure has cost the Malaysia-based AirAsia Group nearly $80 million over three quarters.
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Airline BusinessAirline Business special: CEOs to watch in 2021
As the Covid-19 crisis moves into its second year, we feature some of the airline chiefs whose success or otherwise will be bellwethers of the industry’s recovery in 2021.
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NewsAirAsia’s Fernandes offers rose-tinted outlook
AirAsia Group chief Tony Fernandes is optimistic that the AirAsia Group, which has been hard hit by coronavirus pandemic, will “potentially” achieve full recovery “within the next two years”.
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NewsAirAsia agrees to sell 32.7% of Indian carrier to Tata
AirAsia has agreed terms on the sale of a 32.7% stake in its joint venture carrier AirAsia India to the carrier’s existing co-shareholder Tata Sons
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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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NewsAirAsia Group to reduce fleet size in 2021
AirAsia India will be the group’s only unit to see fleet growth by the end of 2021, amid an ongoing investment review conducted by the low-cost group.