All AirAsia articles – Page 3
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NewsAirAsia eyes ‘local airline presence’ in IndoChina as domestic markets recover
AirAsia Group is exploring options for an airline presence in IndoChina after narrowing losses in its latest financial results and optimism of strong domestic rebound in the markets it serves. In the group’s financial results for the quarter ended 30 September, AirAsia Group president for airlines Bo Lingam states: ...
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NewsAirAsia Group confirms AirAsia Japan closure
Malaysia’s AirAsia Group has officially announced it will shut operations in Japan. “The company wishes to announce that it has today been notified of the decision taken by the board of directors of AirAsia Japan to cease its operations with immediate effect,” AirAsia Group says today in a Bursa Malaysia ...
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Airline Business‘Antifragile’ airlines have the edge
Carriers seeking a strong recovery from coronavirus should focus on how adversity can drive change for the better, writes Shashank Nigam of airline marketing specialist SimpliFlying
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Airline BusinessAirAsia’s Fernandes doubles down on digital as domestic market improves
AirAsia Group chief executive Tony Fernandes reiterated comments made earlier that its domestic and short-haul flights will recover faster, with the low-cost model better poised than its full-service counterparts.
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NewsAirAsia Group seeks to raise up to $600 million by end of 2020
Malaysia’s AirAsia Group is looking to raise up to MYR2.5 billion ($600 million) before the end of the year. The company confirms to Cirium that it is talking to private equity, strategic partners, as well as both local and foreign conglomerates. It plans to raise up to MYR1.5 billion from ...
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NewsAirAsia to focus on domestic recovery amid widened Q2 loss
AirAsia Group anticipates a return to profitability “in the years to come”, with demand — particularly for domestic travel — expected to increase in the second half of the year. At the release of its second-quarter financial results, group chief executive Tony Fernandes says AirAsia Group has reduced its costs ...
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Airline BusinessHow many jobs are airlines cutting due to coronavirus?
Of the large airlines to have made announcements so far, most have implemented job cuts affecting significant proportions of their workforces.
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NewsPandemic pushes AirAsia into the red
AirAsia Group slipped to a MYR953 million ($223 million) net loss in the first quarter, down from a MYR102 million profit in the same three-month period of 2019, as Covid-19 caused demand to plummet.
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Airline BusinessGrounded commercial aircraft around the world – in pictures
Parked aircraft have become commonplace at airports in all regions as the coronavirus outbreak prompts border restrictions and plummeting demand for air travel
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NewsAirAsia Group to retain all staff: chief executive
AirAsia Group’s chief executive Tony Fernandes has made a commitment to retain all staff, even with 96% of its fleet grounded. The group has “no revenue coming in”, Fernandes says in a statement published on AirAsia carriers’ websites, alongside ongoing financial commitments such as those to fuel suppliers and leasing ...
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NewsAirAsia slips to full-year loss
AirAsia Group has reported a full-year net loss of MYR286 million ($67.9 million) for 2019, after a MYR1.7 billion net profit the previous year. The airline group says the negative result was due partly to “accounting treatment” associated with its move from owning to leasing aircraft, and partly to losses ...
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NewsMalaysian prime minster weighs in on AirAsia-Airbus probe
Malaysia’s prime minister Mahathir Mohamad has weighed in on bribery allegations around AirAsia Group’s aircraft orders from Airbus. “Usually when the [Malaysian] government buys equipment, we would often ask [the manufacturer] for an offset. Meaning, if we were to buy an aircraft, we would ask for an offset,” Mahathir told ...
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NewsAirAsia names acting chief amid Airbus probe
Bo Lingam has been appointed AirAsia Group’s acting chief executive, after founders Tony Fernandes and Kamarudin Meranun stepped down temporarily to facilitate an independent probe into Airbus bribery allegations. Lingam is currently the group’s president for airlines and will serve in the acting role for two months “or such other ...
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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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NewsCourt describes ‘endemic’ bribery aimed at securing Airbus orders
Judicial authorities overseeing a deferred prosecution arrangement with Airbus have described as “endemic” the bribery linked to its commercial aircraft and defence divisions, as details emerged of activities scrutinised by fraud investigators. Airbus has agreed to pay a €3.6 billion fine to settle multiple investigations from French, UK and US ...
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NewsAirAsia Japan appoints new head
The AirAsia Group has appointed Jun Aida to head its Japanese operations. Effective 1 January, Aida relinquishes his role as the carrier’s senior advisor, and takes on the mantel as representative director and chief operating officer of the Japanese low-cost carrier. Source: AirAsia Jun Aida has been ...
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NewsAirAsia boosts third-quarter profit 5% amid strong revenue rise
AirAsia Group’s third-quarter profit rose 4.6% to more than MYR264 million ($63.3 million) as revenue and passenger numbers increased.
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NewsAirAsia receives first A321neo
AirAsia has taken delivery of its first Airbus A321neo from an order for 353.
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News
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.