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AIRASIA RESTRUCTURING
Malaysia talks to rival airlines as it monitors AirAsia's financial health, sources sayFaced with challenges, the Malaysian government is exploring options for other airlines to take over AirAsia's domestic market presence. Th...- AirAsia X to keep lowering fares as jet fuel prices fallAirAsia X is slashing fares by 5% and reviewing prices weekly as jet fuel costs ease following a U.S.-Iran peace deal. The Malaysian budget...
- AirAsia to place order for small airliners, drop A330neoAirAsia X is set to place a large order for new small jets. This move aims to open up new routes and flights for travelers across Asia. The...
- AirAsia is in talks to convert some existing Airbus orders into long-range jet orders, sources sayAirAsia is reportedly in discussions with Airbus to potentially convert some of its existing narrow-body aircraft orders to the A321XLR mod...
- AirAsia close to buying at least 100 Airbus jets in shift to A220AirAsia is reportedly in advanced talks to order at least 100 Airbus jets at the upcoming Paris Airshow, potentially including the A220 for...
- Air India writes off Rs 7,000 crore in FY23, turns Ebitdar positiveAir India, owned by Tata, wrote off an estimated INR7,000 crore ($927 million) in fiscal year 2023 as a result of impairments resulting fro...
- Air India writes off Rs 7,000 crore in FY23, turns Ebitdar positiveAir India, owned by Tata, wrote off an estimated INR7,000 crore ($927 million) in fiscal year 2023 as a result of impairments resulting fro...
- Will Cyrus Mistry’s death bring an end to Tata-Shapoorji Pallonji spat?In October 2016, Mistry was ousted as chairman by board of Tata Sons, which met and voted against his continuance. Mistry took Tata Sons to...
- AirAsia reaches deal to restructure Airbus jet order: SourcesAccording to sources, the new deal does not mean cancelling of roughly 400 jets on order. Last year, AirAsia, Asia's largest low-cost airli...
- 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 ...
- Airbus to lose over $5 billion in orders under AirAsia X's proposed restructuringAirbus’s challenge comes as AAX defended its scheme from key lessor BOC Aviation Limited’s (BOCA) allegations that it favoured Airbus and l...
- 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 ...
- Tata Sons increase AirAsia India stake to 41%The person, who requested anonymity, said the Tata Group may increase its stake in the Chennaibased carrier to 48 per cent eventually.
- AirAsia India set for management rejig; Chandilya to become MDAirAsia India is likely to entrust the additional responsibility of Managing Director to current CEO Mittu Chandilya in its first managemen...
- AirAsia India expects break-even by May-JuneThe Bangalore-based airline also deferred its plans to fly to New Delhi from February 16, citing regulatory uncertainties.
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