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AirAsia Approves Establishment Of Asia Digital Engineering
Airasia Posts Qtrly Revenue 119 Million RGT
AirAsia Says Formed Partnership With Trip.Com Group
AirAsia Group Berhad is a Malaysia-based investment holding company, which manages AirAsia Group operating in the airline industry. The Group is principally engaged in the operation of AirAsia, a low-cost airline with major business in Malaysia, Thailand, Indonesia, the Philippines, India and Japan, among others. The Company's subsidiaries include AirAsia Investment Ltd and Koolred Sdn Bhd, investment holding companies; AirAsia Go Holiday Sdn Bhd, a tour operating company; AirAsia (Mauritius) Limited and Asia Aviation Capital Limited, aircraft leasing companies; Ground Team Red Sdn Bhd, a special purpose vehicle for financing arrangements required by the Group; TPaay Asia Sdn Bhd, a provider of financial and other related services; Rokki Sdn Bhd, a multimedia content and equipment trading company, and T & Co Coffee Sdn Bhd, a coffee and tea product trading company.
Kamarudin bin Meranun
Executive Chairman of the Board
Anthony Francis Fernandes
Group Chief Executive Officer, Non-Independent Executive Director
Group Chief Financial Officer
President - Airlines
Chief Executive Officer
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AirAsia Group Bhd <AIRA.KL> said on Friday an independent probe into corruption allegations from Britain's Serious Fraud Office (SFO) has found the Malaysian airline's procurement process with European planemaker Airbus SE <AIR.PA> robust and justifiable.
The Philippine unit of AirAsia Bhd <AIRA.KL> is postponing its initial public offering (IPO) to next year or 2021 as it focuses on corporate reorganization and seeking funds from existing shareholders, its chairman said on Wednesday.
The Philippine unit of AirAsia Bhd <AIRA.KL> said on Friday its planned initial public offering might be pushed back to mid-2019, citing high fuel costs and other factors.
AirAsia Bhd <AIRA.KL>, Asia's largest budget airline, said it has dropped plans for a joint venture to establish a low-cost carrier in China, in a setback for its plans to expand in the world's second-biggest aviation market.
Nothing is certain about a reported AirAsia <AIRA.KL> order for Airbus <AIR.PA> A321neo jets until it is announced, and everything is still possible, AirAsia's chairman said when asked about the possible deal.
Malaysia's aviation regulator on Tuesday denied having ordered AirAsia <AIRA.KL> to cancel extra flights meant to help voters return home for a recent general election and filed a police complaint against the carrier's chief executive, Tony Fernandes.
Tony Fernandes, the co-founder of AirAsia Bhd, is seeking to transform Asia's biggest budget airline into an asset-light, digitally focused firm after the $1 billion sale of its leasing business, in an effort to foster sustainable growth.
Tony Fernandes, the co-founder of AirAsia Bhd <AIRA.KL>, is seeking to transform Asia's biggest budget airline into an asset-light, digitally focused firm after the $1 billion (£0.8 billion) sale of its leasing business, in an effort to foster sustainable growth.
Tony Fernandes' AirAsia Bhd is in talks with a potential partner to open an airline serving Myanmar, in a move that would help the low-cost carrier cover up to 95 per cent of the Southeast Asian travel market.
AirAsia Bhd <AIRA.KL> plans to expand its BigPay debit card and mobile app recently launched in Malaysia to other countries in the region and to add remittance and lending products, its group CEO said, as the budget airline group taps new revenue sources.
Malaysian budget airline AirAsia Bhd <AIRA.KL> is sticking with Airbus <AIR.PA> and has no plans currently to purchase Boeing <BA.N> aircraft, Group CEO Tony Fernandes said at a press briefing late on Thursday.
AirAsia Bhd <AIRA.KL> is selling its plane leasing operations to firms managed by BBAM Ltd, one of the world's largest aircraft portfolio managers, in a staggered deal that will see the budget carrier transfer ownership of up to 182 Airbus jets.
AirAsia Bhd, Malaysia's flagship budget airline, said on Thursday it has agreed to sell its aircraft leasing operations for $1.18 billion to firms managed by BBAM Limited Partnership.
* FLY LEASING - ENTERED INTO DEFINITIVE AGREEMENT WITH AIRASIA BERHAD AND ASIA AVIATION CAPITAL, UNDER WHICH CO WILL ACQUIRE 54 AIRBUS NARROWBODY AIRCRAFT
* Reorganisation to complete in Q2 -CEO (Updates with details, group CEO comments)
Malaysian budget airline AirAsia Bhd posted a 20 percent fall in quarterly net profit on Tuesday hurt by higher operating expenses and tax charges.
AirAsia is expected to reconfirm its commitment to the A330neo jet after Boeing sought to poach one of Airbus's top customers, a person familiar with the discussions said on Thursday.
AirAsia is expected to reconfirm an order for Airbus A330neo passenger jets, a person familiar with the discussions said on Thursday.
* GE AVIATION AND AIRASIA SIGN AGREEMENT FOR DIGITAL SOLUTIONS ACROSS AIRLINE FLEET
Budget airline group AirAsia is looking at buying Boeing 787s to expand the fleet of its long-haul arm AirAsia X, Chief Executive Tony Fernandes said on Friday.
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