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Latest Articles in airasia

AirAsia India Announces Free Cancellation, Rescheduling For West Bengal Flights Amid Lockdown

While the lockdowns in Karnataka, Delhi and Tamil Nadu are in force till May 24, West Bengal will continue to be under lockdown till May 30, while in Maharashtra, it will last till June 1.

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AirAsia India Announces Free Cancellation, Rescheduling For West Bengal Flights Amid Lockdown

All AirAsia India guests who booked their flights before the announcement of the lockdown can opt to cancel or change to another flight without incurring any change fees or cancellation charges

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AirAsia India Extends Partnership With Airbus Arm NAVBLUE

The connected and automated Operational Control Center suite enables AirAsia India to continue its focus on efficiency, meeting the challenges of a growing fleet and route network

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Malaysia's AirAsia Group Expects Fundraising Clarity Next Month, Eyes Recovery By 2023

AirAsia has raised 250 million ringgit from the first tranche of a recent private placement of up to 20% of its total issued shares, that was completed last week.

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AirAsia X Shows Court Creditors' Support For Restructuring Plan

AAX estimated that lessors that continue with the airline post-restructuring would be able to recover approximately 44-66% of their lease rental loss under new agreements.

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AirAsia X Shows Court Creditors' Support For Restructuring Plan

Planemaker Airbus SE also filed an affidavit last month saying it could lose more than $5 billion worth of aircraft orders if the low-cost, long-haul carrier proceeded with the plan.

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Airbus To Lose Over $5 Billion In Orders Under AirAsia X's Proposed Restructuring

Airbus's challenge comes as AAX defended its scheme from key lessor BOC Aviation Limited's (BOCA) allegations that it favoured Airbus and lacked a debt-to-equity swap offer for creditors.

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AirAsia X To Revise $15.3 Billion Debt Reform Plan To Expedite Talks With Creditors

The budget carrier is seeking to reconstitute the $15.3 billion of unsecured debt into a principal amount of 200 million ringgit ($48 million) and have the rest waived.

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Budget Airline Airasia X Out Of Money, Needs $120 Million For Restart

The Malaysian airline, the long-haul arm of AirAsia Group Bhd, said this month it wanted to restructure 63.5 billion ringgit ($15.32 billion) of debt and slash its share capital by 90% to continue as a going concern.

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Malaysia's Airasia Looks To Lay Off Staff - Bernama

AirAsia Malaysia's layoffs would be completed by the end of this month, while affected AirAsia X staff will be leaving end of October.

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Has Malaysia's AirAsia found the blueprint for airlines to survive COVID-19?

Has Malaysia's AirAsia found the blueprint for airlines to survive COVID-19?

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Malaysia's AirAsia X seeks creditor help as losses deepen

Revenue tumbled 91% to 91.4 million ringgit, it said in a bourse filing, as air travel was almost brought to a halt by restrictions to control the COVID-19 pandemic.

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Southeast Asia Budget Airline Boom Turns Sour For Planemakers, Lessors

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

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AirAsia In Trading Halt After Auditor Notes 'Going Concern' Doubts

AirAsia on Monday posted a 803.3 million ringgit ($188 million) loss for the three months ending March 31, its biggest first-quarter loss since its listing in November 2004.

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Malaysia's AirAsia Sees 2020 Capacity At 45-60% Of 2019 Levels On Virus Hit

AirAsia posted a loss of 803.3 million ringgit ($187.91 million) for the quarter ended March, from 96.1 million ringgit net profit in the year-ago period.

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