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Retail Asia17/06/2016

King Power, the Thai duty-free conglomerate, has bought a US$225 million (S$305 million) stake in Thai Air Asia, the country’s largest budget airline. The purchase allows King Power’s billionaire owner Vichai Srivaddhanaprabha to further tap into Thailand’s booming tourism industry and expand beyond his duty-free and hotel portfolio. Thai Air Asia is 55 per cent […]

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Retail Asia01/05/2016

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Stepping inside the Munhwa Broadcasting Corporation (MBC) in Seoul, you would be surprised how the Korean broadcaster has managed to turn its headquarters into a tourist spot. On the ground floor, booths are set up to allow visitors virtually learn singing and take pictures with the Kpop stars, or even pretend to be their girlfriends […]

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Retail Asia28/11/2015

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Malaysia-based AirAsia, the region’s biggest budget carrier by fleet size, said on Thursday (Nov 26) it suffered a loss in the third quarter, bogged down by foreign exchange losses and its Indonesian operations. AirAsia registered a net loss of RM405.72 million (US$95.9 million) in the quarter ending Sep 30. The company had registered a profit […]

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Retail Asia23/11/2015

This Christmas, Santa Clause won’t be the only one painting the skies red. AirAsia Philippines will also be coming to town with a Red Hot P0.01 Flight Promo Sale beginning on November 23. The one-centavo seat sale includes promo fares to all domestic destinations from Manila including Tacloban, Cebu, Davao, Tagbilaran, Palawan, and Kalibo. International […]

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Retail Asia23/11/2015

The AirAsia and AirAsia X free seat promotion is back with three million seats on offer to all destinations. The promo seats are available at airasia.com from today until Sunday for those travelling between May 1, 2016 and Feb 5, 2017. AirAsia group chief commercial officer Siegtraund Teh said in a statement that the new […]

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Retail Asia21/11/2015

AirAsia has launched its all-new mobile application offering innovative new features, smoother functionality and an improved interface to provide guests with an enhanced and seamless flying experience. In a statement today, AirAsia said its mobile app has been nominated as the “World’s Leading Low-Cost Airline App’ at the upcoming World Travel Awards. AirAsia Group Chief […]

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Retail Asia05/11/2015

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The country’s flag carrier Philippine Airlines (PAL) and Air Asia Philippines cancelled nearly 300 domestic and international flights in anticipation of disruptions in runway operations on the week of the Asia-Pacific Economic Cooperation (Apec) Summit. In an advisory, PAL announced it was grounding 115 domestic and 96 international flights from Nov. 15 to 20 “to […]

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Retail Asia05/11/2015

Budget carrier AirAsia India has yet again rolled out a promotional fare scheme, offering tickets as low as Rs 1,269 (all-inclusive). The offer ends on November 8, 2015 and is applicable on travel between January 15 and April 30, 2016. Under this AirAsia offer, tickets on Bengaluru to Kochi route are priced from Rs 1,269 […]

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Retail Asia17/10/2015

AirAsia Japan Co., Ltd. (CEO: Yoshinori Odagiri) recently announced that the airline has been granted the Air Operator’s Certificate by the Civil Aeronautics Act by Ministry of Land, Infrastructure, Transport and Tourism, under the air transport business, Japanese Aviation Law Article 100. AirAsia Japan is scheduled to commence operations from their base at Chubu Centrair […]

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Retail Asia12/10/2015

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Around two years since Davao-Clark flights were suspended, the budget airline Philippine’s AirAsia is gearing up to revive the route, a tourism officer said. Arwin Lingat, provincial tourism officer of Pampanga, said that AirAsia is working out to offer again the Davao-Clark, Pampanga flights. “Though it is still up for confirmation, there are plans to […]

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Retail Asia08/10/2015

AirAsia Bhd is acquiring the remaining 60% interest in financial services provider Tune Money Sdn Bhd as well as its entire issued redeemable preference shares (RPS) for RM6.36mil in cash. In a filing with Bursa Malaysia, AirAsia said the payment of about RM0.038 per ordinary 10 sen share and RM150,000 per RPS to vendor Tune […]

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Retail Asia07/10/2015

AirAsia Japan Co Ltd, which recently reorganised its shareholding structure, has received the air operator’s certificate from the Ministry of Land, Infrastructure, Transport and Tourism. AirAsia said in a statement that AirAsia Japan was scheduled to begin operations from its base at Chubu Centrair International Airport in Aichi prefecture to Shin-Chitose Airport in Sapporo, Sendai […]

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Retail Asia02/10/2015

Indonesia AirAsia airline will end its operation in Indonesia as it will be merged with Indonesia AirAsia X. Suprasetyo, director general for air transportation at the Transportation Ministry, said this merger is to improve Indonesia AirAsia’s financial condition. According to Suprasetyo, the merger is to save Indonesia AirAsia from having its operating license revoked because […]

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Retail Asia27/09/2015

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AirAsia’s operation in the Philippines is entering a new phase which the group hopes will lead to profitability in 2016 and eventually an initial public offering. Growth is also expected to resume in 2016, ending a phase of consolidation and fleet reductions. The AirAsia Zest brand will be retired by the end of 2015 in […]

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Retail Asia19/09/2015

AirAsia Bhd has been facing strong headwinds lately. The budget carrier’s share price has been on a roller-coaster ride over the past couple of months, fluctuating dramatically. The airline’s shares have been under pressure for some time and plunged to 78 sen on Aug 26. Its share price has since rebounded sharply from that recent […]

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Retail Asia10/09/2015

The Indonesian affiliate of Malaysian budget carrier AirAsia Bhd is planning to convert debt into shares to meet a new government rule on equity. The debt will be converted into preference shares which carry no voting rights, Sunu Widyatmoko, President Director of PT Indonesia AirAsia, told Reuters in a text message. He declined to disclose […]

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Retail Asia03/09/2015

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Low-cost carrierAir Asia today said it will connect four more Indian cities with its hub in Kuala Lumpur to take the number of destinations linked to the Malaysian capital to 12. Its Executive Director and CEO Aireen Omar announced here that four more Indian cities will be connected with the Malaysian capital. She, however, did […]

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Retail Asia03/09/2015

Thai AirAsia (FD, Bangkok Don Mueang) has set about establishing a base in Utapao with the launch of flights to Hangzhou, China on September 1. The 3x weekly charter service runs until October 24. Airline Route indicates the AirAsia (AK, Kuala Lumpur Int’l) subsidiary will also launch a 4x weekly service to Nanning on September […]

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Retail Asia23/08/2015

AirAsia Bhd emerged the gold recipient for the “Transportation, Travel & Tourism” category for the sixth consecutive year at the Putra Brand Awards 2015. The award was given to AirAsia for the airline’s continued presence as the country and the region’s leading and largest low-cost carrier. Elated at having bagged the award, chief executive officer […]

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Retail Asia10/07/2015

Recent changes to some airlines’ routes have provided a mixed bag for those flying into and out of Perth, with more ways to connect to Europe but fewer options to and from Asia. That news comes as figures show Perth Airport cracked the 4 million mark for total international passengers last financial year, an increase […]

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