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AIRASIA X BHD
From medical tourism to casinos, oil shock hits Southeast AsiaCompanies across aviation, retail, and manufacturing are implementing price hikes and cost-cutting measures. Disruptions to supply chains a...- AirAsia Co-Founder Tony about to give the world a new airlineTony Fernandes, co-founder of AirAsia X, is set to launch a new airline. This aggressive expansion comes despite rising oil prices. The new...
- Low-cost airline kingpin Tony Fernandes prepares for life after AirAsiaTony Fernandes, the larger-than-life character credited with revolutionizing budget air travel in Asia, plans to focus more on areas such a...
- AirAsia X to add new long-haul routes including London as demand reboundsThe airline, which is operating six Airbus A330 jets, hopes to have 15 planes in service by the end of the year, AirAsia X Malaysia CEO Ben...
- AirAsia changes name to Capital A as it grows beyond an airlineCapital A has been investing heavily in payments business BigPay, logistics arm Teleport and its mobile Super App to gain other sources of ...
- Creditors can't sue AirAsia X for another 9 months, says Malaysia courtThe court had granted a restraining order in March for three months, as the budget airline undergoes a restructuring of its 64.15 billion r...
- AirAsia X shows court creditors' support for restructuring planIn emails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential ...
- Lessor BOC Aviation says AirAsia X restructuring favours Airbus, calls for debt-to-equity swapAirAsia X (AAX), the long-haul unit of budget airline AirAsia Group, has proposed to reconstitute $15.3 billion of debt into a principal am...
- Budget airline AirAsia X out of money, needs $120 mln for restart, shows reportThe Malaysian airline, the long-haul arm of AirAsia Group Bhd, said this month it wanted to restructure 63.5 billion ringgit ($15.32 billio...
- Winter is coming for the world’s airlines and only a few may survive this crisisThe grim truth is that the worst period for the aviation industry is probably ahead of it, rather than behind. For all that the actions tak...
- Cash-starved AirAsia stops funding Indian arm, onus now on Tatas to mount a rescueThe airline isn’t at any immediate risk of folding, the people said. India’s aviation minister said over the weekend that AirAsia was shutt...
- In bid to survive and restart, Malaysia's AirAsia X proposes major restructuring planAAX said in a separate statement it is facing severe liquidity constraints to meet debt and other financial commitments and with no return ...
- Analysts are ditching AirAsia in droves after record lossThe airline fell 2.8% to 0.685 ringgit Wednesday, taking its loss for this year to 60%. Its long-haul unit AirAsia X Bhd. has fared similar...
- Malaysia's AirAsia founders not taking salary; staff accepts up to 75% pay cutThe founders of Malaysia's AirAsia Group will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact ...
- AirAsia X considering switching part of Airbus order to narrowbody jets: CEOThe A330neo has a list price of $296.4 million each compared with $129.5 million for the smaller A321neo, though airlines typically receive...
- AirAsia heaps pressure on Airbus over A330neo orderThe long-haul arm of Malaysian low-cost carrier AirAsia Group Bhd is the largest customer for the aircraft, which is struggling for sales r...
- AirAsia X won't buy "too expensive" Airbus A350: Tony FernandesA final decision on AirAsia X's future fleet is expected later this year, the source said on condition of anonymity. The 787-10 has a list ...
- AirAsia X could swap 66-Jet Airbus A330Neo order to A350sAirAsia X currently has 10 A350-900s on order alongside the larger A330neo commitment, while its existing fleet is comprised of 30 current-...
- Struggling Malaysian Airline taps banks for restructuring-sources"They are sending all these feelers to banks to try and test the waters," said a banking source familiar with the situation.
- Richard Branson in talks to buy stake in AirAsia XThe company operating AirAsia X, Malaysia's first long-haul budget airline, could sign a deal as early as next month to sell a 20 percent s...
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