Trends - AirAsia - Business Recorder

AirAsia

Flights to Bali resume following volcanic eruption

JAKARTA: Several airlines resumed flights to Bali on Thursday, after cancelling trips to and from the Indonesian...

Published 14 Nov, 2024 01:15pm

Business & Finance

Malaysia’s AirAsia raises $443mn to refurbish grounded planes

Malaysian low-cost airline AirAsia has raised $443 million in a dual-tranche financing to refurbish planes that were...

Published 22 Aug, 2024 03:07pm

Business & Finance

Boeing expects more orders from India as airlines boost capacity

NEW DELHI: Boeing Co expects more orders for its planes from Indian airlines as they boost their capacity to keep...

Published 02 Sep, 2022 06:00am

Business & Finance

Airlines use hedging, fuel surcharges to offset some pain as oil surges

The price of oil has surged to its highest level since 2008 after Russia's invasion of Ukraine, adding to airline...

Updated 07 Mar, 2022 08:20pm

Business & Finance

Malaysia's Capital A eyes separate listing of aviation business

KUALA LUMPUR: Capital A Bhd, which owns Malaysia's flagship budget airline AirAsia, is forming an independent board...

Published 11 Feb, 2022 10:20am

Business & Finance

Malaysia's AirAsia X targets Asia cargo market in deal with logistics firm

KUALA LUMPUR: Malaysia's AirAsia X Bhd (AAX) has signed a partnership deal with French logistics firm Geodis, aiming...

Published 26 Jan, 2022 01:31pm

Business & Finance

Malaysia's AirAsia Group restructures its huge Airbus plane order

KUALA LUMPUR: Malaysia's AirAsia Group Bhd said it has reached a deal with Airbus SE to restructure an order for 362...

Published 06 Oct, 2021 10:44am

Business & Finance

Malaysia’s AirAsia targets $300m raise via US listing of digital business

KUALA LUMPUR: Malaysia’s low-cost airline AirAsia Group Bhd is considering a listing of its digital arm via a...

Published 08 Jul, 2021 04:22am

Business & Finance

Malaysia's AirAsia shares slide after record quarterly loss

The airline said ongoing discussions for raising new capital in Indonesia and Philippines were also positive.

Published 30 Mar, 2021 12:05pm

Business & Finance

Malaysia's AirAsia Group raises $82mn as TPG executives, Aimia participate

The airline raised 336.46 million ringgit ($81.70 million) over two tranches by issuing 470.21 million new shares, representing 14.07% of the group's total issued shares.

Published 17 Mar, 2021 12:45pm

Business & Finance

AirAsia Group to raise up to $113mn via private placement

"The proposed private placement will not fully address the Group's current financial concerns as the estimated gross proceeds of up to approximately 454.51 million ringgit would not be sufficient to meet its long-term cash flow requirements," it said.

Published 22 Jan, 2021 11:33am

Business & Finance

AirAsia X shows court creditors' support for restructuring plan

The airline is seeking to restructure 64.15 billion ringgit of debt. Its accrued debt amounts to 2.24 billion ringgit, without taking into consideration contingent debts such as its large aircraft order book with Airbus.

Published 15 Jan, 2021 11:09am

World

Malaysia's anti-graft agency probes AirAsia's bank loan

We have started our investigation to look into whether there had been any violation.
The application was not made overnight but instead SDB had carried out the best and most thorough investigation and consideration before the approval was given,

Published 28 Oct, 2020 06:20pm

Business & Finance

Malaysia's AirAsia to return planes to lessors, shrink fleet

AirAsia, like other airlines, has been hit hard by travel restrictions due to the pandemic.

Published 08 Oct, 2020 04:25pm

Business & Finance

Malaysia's AirAsia aims to raise $602mn, to evaluate Japan operations

Group Chief Executive Officer Tony Fernandes told Reuters in an interview that the group, Malaysia's flagship budget airline.
Fernandes also said the group was evaluating its operations in Japan, although its partnership in India remained "as is".

Published 07 Sep, 2020 05:39pm

Business & Finance

Malaysia's AirAsia X says lessor files $23mn claim for outstanding dues

The budget airline said BOC Aviation has alleged a breach of AirAsia X's lease agreement and its obligations under four guarantees dated December 2018.
The AirAsia X board is reviewing the documents and will seek legal advice, the airline said.

Published 04 Sep, 2020 05:41pm

Business & Finance

Malaysia's AirAsia posts loss as revenue tumbles, but business 'stabilised'

AirAsia's net loss for the April-June quarter reached 993 million ringgit.

Published 25 Aug, 2020 07:43pm

Business & Finance

Southeast Asia budget airline boom turns sour for planemakers, lessors

Auditors for Malaysia’s AirAsia Group Bhd and Vietnam’s VietJet Aviation JSC VJC.HM are concerned about cashflows and funding, while Indonesia’s Lion Air has put the brakes on a planned flotation.

Published 21 Jul, 2020 10:09am

Business & Finance

Malaysia's AirAsia seeks nearly $500mn in funding: report

The budget carrier, like other airlines, has been rocked by the COVID-19 pandemic that has hammered demand for air travel.
AirAsia said in a statement some financial institutions had indicated they would support a funding request of over 1 billion ringgit.

Published 09 Jul, 2020 07:02pm

Business & Finance

AirAsia to emerge stronger from pandemic: Fernandes

The airline's liabilities currently exceeded its assets by 1.84 billion ringgit ($430 million).

Published 09 Jul, 2020 05:37pm

Markets

AirAsia's future in doubt due to virus; share price tumbles

Auditor Ernst & Young said that global travel restrictions had dented AirAsia's financial performance, with liabilities exceeding assets by 1.84 billion ringgit.

Published 08 Jul, 2020 06:15pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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