AirAsia

Two new destinations in Bangladesh and India will join the LCC’s network for the first time.

All the essential data related to the airline in recent years.

The airline will operate 10 routes between Malaysia and Indonesia by Oct. 20.

The carrier reports ‘heavy bookings’ for flights between Malaysia and Singapore.

The holding company behind LCC AirAsia has rebranded itself as Capital A Berhad as CEO Tony Fernandes looks beyond air transport operations for growth.

AirAsia has unveiled the first aircraft in its planned narrowbody freighter fleet, and in the longer-term the carrier is interested in the prospect of a freighter version of the Airbus A321neo.

Traffic momentum stalled in the second quarter because of COVID-19, but AirAsia sees its markets coming back by the fourth quarter.

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.

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.

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.

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.

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.

AirAsia is planning to raise MYR455 million ($113 million) in a private placement to raise cash, pay off debts and cover expenses.

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.

AirAsia X’s attempt to slash its debt and liabilities has struck more complications, with Airbus the latest to challenge the carrier’s drastic

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.

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.

The lure of Asia-Pacific market growth potential has spurred the region’s LCCs to dramatically inflate manufacturers’ narrowbody orderbooks in recent years.

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.

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.

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.

AirAsia Japan’s shareholders are reportedly preparing to shut down the carrier, as the AirAsia Group focuses its attention on its Southeast Asian operations.

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.

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.

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.