AirAsia Boosts Finances With Sale Of Leasing Company Shares

By Adrian Schofield Aug 05, 2021
AirAsia has taken another step towards reaching its target for raising liquidity, after receiving MYR240 million ($56.8 million) for its share in leasing company Fly Leasing.
Airlines & Lessors

Daily Memo: Asia’s LCC Orderbooks Remain Largely Intact, For Now

By Adrian Schofield Aug 04, 2021
The era of Asian LCCs outdoing each other with massive narrowbody orders is probably over for the foreseeable future, as digesting their current backlogs will be enough of a challenge.
Airlines & Lessors

AirAsia Looks To Raise Up To $238M Through Rights Issue

By Chen Chuanren Jul 13, 2021
The bulk of the proceeds from offering have been earmarked for working capital as AirAsia Group is still feeling the effects of the COVID-19 crisis with its AOCs in Indonesia and Thailand grounded again.
Airlines & Lessors

AirAsia Shores Up Liquidity Through $82M Share Sale

By Chen Chuanren Mar 18, 2021
AirAsia Group has raised MYR336.5 million ($82 million) following the completion of a two-tiered private share placement, part of a broader plan to raise MYR2-2.5 billion to save the struggling LCC operator which has been battered by the pandemic. 
Airlines & Lessors

AirAsia Group Sees Strong Traffic Rebound In Certain Markets

By Chen Chuanren Feb 10, 2021
AirAsia Group recorded a strong recovery in passenger volumes in the 2020 fourth quarter (Q4), notably in domestic carriage across Indonesia, the Philippines and Thailand.
Airlines & Lessors

AirAsia To Raise $113M In Rights Issue, Airbus Order Still In Place

By Chen Chuanren Jan 22, 2021
AirAsia is planning to raise MYR455 million ($113 million) in a private placement to raise cash, pay off debts and cover expenses.
Airlines & Lessors

Tata Boosts Airline Portfolio With Larger AirAsia India Stake

By Adrian Schofield Jan 06, 2021
The Tata group’s purchase of a larger holding in joint venture AirAsia India (AAI) could help spur consolidation in the Indian airline industry as it rebounds from the COVID-19 crisis.
Airlines & Lessors

Airbus Challenging AirAsia X Restructuring Plan, Report Says

By Adrian Schofield Dec 22, 2020
AirAsia X’s attempt to slash its debt and liabilities has struck more complications, with Airbus the latest to challenge the carrier’s drastic…
Airlines & Lessors

AirAsia May Retain 13% Stake In Indian Franchise

By Adrian Schofield Dec 21, 2020
The AirAsia Group reportedly is keeping just a small part of its Indian joint venture, ceding more control of the carrier to Indian conglomerate Tata Group.
Airlines & Lessors

AirAsia X Aiming To Raise $123M By Issuing New Shares

By Chen Chuanren Dec 14, 2020
AirAsia X, the long-haul subsidiary of LCC AirAsia, is looking to raise up to MYR500 million ($123 million) through a rights issue and offering stock to new investors.
Airlines & Lessors

Daily Memo: AirAsia, IndiGo Remain Confident About Huge Order Backlogs

By Adrian Schofield Dec 10, 2020
The lure of Asia-Pacific market growth potential has spurred the region’s LCCs to dramatically inflate manufacturers’ narrowbody orderbooks in recent years.
Airlines & Lessors

Improving Domestic Demand Bolsters AirAsia Units

By Adrian Schofield Nov 24, 2020
The AirAsia Group is looking to boost capacity in its major Southeast Asian markets thanks to a strong recovery in domestic demand in the countries.
Airlines & Lessors

AirAsia X Liquidating Indonesian Ops, Takes Write-Down On Thai Stake 

By Chen Chuanren Oct 19, 2020
AirAsia X is liquidating its Indonesian unit and has written down its 49% holding in Thai AirAsia X as the long-haul LCC struggles to pay for aircraft leases across all of its AOCs.
Airlines & Lessors

AirAsia Japan Closes Down After COVID-19 Makes Flying Untenable

By Adrian Schofield Oct 05, 2020
AirAsia Japan confirmed that it has ceased operation as of Oct. 5 after the COVID-19 crisis compounded the carrier’s challenges in the competitive Japanese LCC market.
Airlines & Lessors

AirAsia Japan Will Announce Shutdown Soon, Reports Say

By Adrian Schofield Oct 01, 2020
AirAsia Japan’s shareholders are reportedly preparing to shut down the carrier, as the AirAsia Group focuses its attention on its Southeast Asian operations.
Airlines & Lessors

AirAsia Pivots To Digital, Focuses On Courier, Cargo Platforms

By Chen Chuanren Sep 25, 2020
AirAsia is turning to its digital and e-commerce portfolio as an alternate revenue stream while the Malaysia-based LCC group’s network remains disrupted because of the COVID-19 pandemic. 
Airlines & Lessors

AirAsia Japan Suspends Service For Most Of October

By David Casey Sep 17, 2020
AirAsia Japan plans to suspend all flights from the beginning of October as the impact of the COVID-19 crisis continues to dampen passenger demand.
Airlines & Lessors

AirAsia Establishes New Subsidiary For MRO Services

By Adrian Schofield Sep 09, 2020
AirAsia has restructured its engineering operations into a wholly owned subsidiary, which will provide MRO services to the group’s airlines and also third-party customers.
Airlines & Lessors

AirAsia To Raise $602M; Japanese Subsidiary Under Scrutiny

By Chen Chuanren Sep 08, 2020
AirAsia is hoping to raise MYR2.5 billion ($602 million) by the end of the year while the fate of its Japanese operation is unclear after it was put under review.
Airlines & Lessors

AirAsia Leans On Home Markets; Ramps Up Digital Offerings

By Chen Chuanren Aug 26, 2020
AirAsia Group Berhad is preparing to rely on its six airlines’ domestic markets for revenue in the remaining months of 2020 after the LCC group had “stabilized” in the second quarter following the outbreak of COVID-19.
Airlines & Lessors

The Daily Memo: AirAsia Faces Tough Decisions Over Future Of Affiliates

By Adrian Schofield Jul 16, 2020
AirAsia has grown to become one of the most influential brands in the Asia-Pacific region, but the group also faces significant financial challenges…
Airlines & Lessors

AirAsia Cites Progress In Negotiating New Financing

By Adrian Schofield Jul 09, 2020
AirAsia has highlighted its efforts to raise new funds and cut costs as it seeks to reassure investors following an auditor’s report that questioned the carrier’s financial viability.
Airlines & Lessors

AirAsia Survival Doubted By Auditor, Shares Drop

By Chen Chuanren Jul 08, 2020
Trading of AirAsia Group Berhad stock was temporarily halted on the morning of July 8 after auditor Ernst & Young (EY) questioned the LCC’s ability to shore up its funds to stay afloat.
Airlines & Lessors

AirAsia Records Heavy Loss As COVID-19 Disrupts Network

By Chen Chuanren Jul 07, 2020
AirAsia Group has posted a net loss of MYR953.3 million ($223 million) for Q1 of 2020, the largest loss the company has recorded since its listing in 2004.
Airlines & Lessors

AirAsia Reportedly Evaluating Options To Raise Capital

By Chen Chuanren Jun 05, 2020
Southeast Asia’s largest LCC AirAsia Group is reportedly looking to sell 10% of its equity to South Korea’s SK Group to raise funds as the ongoing COVID-19 crisis impacts cashflow.
Airlines & Lessors