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Retail Asia03/12/2021

Thai AirAsia X needs a major restructuring and new investors to prep the airline to resume international routes next year, after Thai AirAsia (TAA) already secured additional funding for the carrier last week. Thai AirAsia X, a long-haul, low-cost carrier under the AirAsia group, has been grounded for almost two years since the pandemic emerged […]

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Retail Asia26/11/2021

Long-haul, low-cost carrier AirAsia X has reported an operating loss of MYR82.5 million ($19.6 million) for the first quarter of its 2022 financial year. The carrier generated revenue of MYR99.3 million for the three months ended 30 September, and a net loss of MYR149 million, it says. The carrier did not provide corresponding figures for […]

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Retail Asia12/07/2019

AirAsia has been named the World’s Best Low-Cost Airline at the Skytrax World Airline Awards 2019 for the 11th consecutive year. The airline won the title based on a survey of over 21.6 million passengers of 100 nationalities and over 300 airlines between September last year and May. AirAsia also won Asia’s Best Low-Cost Airline […]

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Retail Asia06/02/2019

Air Asia is the world’s largest and best low-cost carrier (They have won awards for the last 10 years). Air Asia X, their low-cost long haul carrier has built a route network spanning from the middle east to southern Australia. But many people in the US have never had a chance to fly on Air Asia, […]

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Retail Asia04/02/2019

AirAsia has further strengthened Malaysia-Thailand connectivity with the launch of a new route from Kuala Lumpur to Chiang Rai, its seventh and newest hub in Thailand. AirAsia Thailand, which will base an Airbus A320ceo at Chiang Rai’s Mae Fah Luang International Airport, will also operate new services to Phuket, Singapore and Macau, providing a massive […]

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Retail Asia24/01/2019

AirAsia Group Bhd and its affiliate AirAsia X Bhd are seeking over RM400 million in counterclaims against Malaysia Airport Holdings Bhd (MAHB) in relation to the suit filed against them over the passenger service charges (PSC) collection. AirAsia and AirAsia X told Bursa Malaysia that they had filed a statement of defence against Malaysia Airports […]

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Retail Asia02/01/2019

AirAsia Group chief executive Tony Fernandes says the group has no plans to establish new subsidiaries over the next three years, apart from a unit in Vietnam. In a series of tweets, Fernandes says the low-cost carrier will focus its efforts on launching AirAsia Vietnam, as well as making Indonesia AirAsia and AirAsia Philippines “very profitable”. Last December, AirAsia signed a memorandum of cooperation […]

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Retail Asia21/12/2018

Against a backdrop of a challenging economy and falling profitability in corporate Malaysia, Malaysia Airports Holdings Berhad (MAHB) won a major Malaysian award last week, topping billion ringgit companies for giving its shareholders the best three-year returns in its class. MAHB’s net profit more than tripled in 2017 to RM237 million from RM73 million in […]

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Retail Asia21/12/2018

Unjustified price increases such as the hike in passenger service charge (PSC) could result in airlines being squeezed out of business and subsequently affect tourism arrivals, said low-cost carrier AirAsia. In a strongly worded statement titled “MAHB’s record profits come at a cost to the Malaysian economy and tourism industry”, the airline said the PSC […]

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Retail Asia23/11/2018

AirAsia’s share price slid in yesterday’s early morning trade as the airline recorded widening losses. At 9.45am, the counter was down 1.5 sen or 6.25% to 22.5 sen a share on turnover of 2.8 million shares. An increase in average fuel price and a RM138.2mil impairment made on an amount due from a joint venture […]

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Retail Asia23/11/2018

Indonesia AirAsia X< will cease scheduled operations in January 2019 and operate as a non-scheduled commercial airline thereafter. The carrier’s only scheduled operation – a seven-times weekly service between Denpasar and Tokyo Narita using an A330 – will be suspended in January, the AirAsia X Group disclosed in its third quarter results. “With the challenging operational environment in Indonesia, primarily […]

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Retail Asia23/07/2018

AirAsia X Bhd has entered into a conditional amendment agreement with Airbus S.A.S for the purchase and delivery of an additional 34 A330-900neo aircraft pursuant to the A330-300 purchase agreement dated June 14, 2007. This comes after the low-cost long-haul carrier announced yesterday that it had placed an order of 100 Airbus A330neo widebody aircraft. […]

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Retail Asia23/05/2018

Low-cost, long-haul carrier AirAsia X Bhd saw a more than fourfold jump in net profit in the first quarter ended March 31, 2018 to RM41.5 million from RM10.34 million in the same quarter a year ago. Revenue for the period under review rose 7.2% to RM1.27 billion from RM1.18 billion on the back of a […]

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Retail Asia30/01/2018

Budget airlines AirAsia Bhd and its long-haul carrier counterpart AirAsia X Bhd registered higher year-on-year passenger volume and load factor in the fourth quarter of 2017. Air Asia carried 10.44 million passengers between October and December 2017, which is a 17% increase from the previous year’s 8.25 million, in line with the 16% seat capacity […]

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Retail Asia21/03/2017

AirAsia X is planning to add more fifth-freedom flights as it seeks to take advantage of the growth at secondary and tertiary cities across North Asia. Sharing the long-haul, low-cost carrier’s plans was its head of network planning Venggatarao Niadu, as part of a panel at the Routes Asia Strategy Summit in Okinawa. “We now […]

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Retail Asia28/11/2016

AirAsia X wants to relaunch services to Europe “as quick as possible”, and is looking at aircraft other than Airbus A330s to get there. Speaking to FlightGlobal,the chief executive of AirAsia X‘s core Malaysian operation, Benyamin Ismail, says that its fleet plans have changed. The carrier had not planned to take delivery of any aircraft […]

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Retail Asia19/11/2016

Malaysian shares edged higher Friday, as investors cheered Prime Minister Najib Razak’s resolve to narrow the budget deficit next year. Najib, who pledged to hand out cash aids and push for infrastructure development to stoke growth in an uncertain global environment, expects the nation’s gross domestic product to expand 4% to 5% in 2017. He […]

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Retail Asia08/01/2016

AirAsia X Bhd (AAX) has signed an agreement to charter aircraft from sister company PT Indonesia AirAsia (IAA) for 24 return flights between Jakarta and Kuala Lumpur for US$648,000 (RM2.82mil). The long-haul, low-cost airline told Bursa Malaysia that the two companies had on Jan 4 signed the charter agreement which summed up to 8,640 seats […]

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