Reading Time: < 1 minute AirAsia Group Bhd.’s long-haul arm has offered to pay creditors just 0.5% of more than $8 billion of the total debt they are owed. The airline said it is the only way to avoid liquidation and that the subsequent restructuring will allow it to become profitable again. As Bloomberg reports, “To avoid a liquidation and […]
Reading Time: < 1 minute AirAsia Group Berhad announced the formation of Asia Digital Engineering Sdn Bhd (ADE), a wholly-owned subsidiary. Based at the airline group’s global headquarters RedQ in Sepang, the newly-formed subsidiary will be providing line maintenance, engineering support, component and warehouse services, digital and innovation services for the fleet of aircraft under AirAsia’s group of airlines and […]
Reading Time: < 1 minute AirAsia has received its first Airbus A330neo aircraft through the leasing company Avolon. The new widebody will be operated by AirAsia X Thailand, a long-haul affiliate of AirAsia. According to Airbus, one more aircraft of this type is scheduled to be delivered to the airline by the end of this year. The statement says that […]
Reading Time: < 1 minute AirAsia has signed a Memorandum of Cooperation reaffirming its intention to set up a low-cost carrier in Vietnam with local partners. According to AirAsia Group CEO Tony Fernandes AirAsia is already the largest foreign airline group in Vietnam by capacity. According to TMG CEO and HAA General Director Tran Trong Kien tourism in Vietnam has performed […]
Reading Time: < 1 minute CAE announces today at the 2018 Singapore Airshow the launch of its newest pilot training innovation, the CAE Rise™ training system, with its longstanding partner AirAsia. CAE Rise™ is the first commercial offering of its Next Generation Training System strategic initiatives. Backed by industry-leading technology, the CAE Rise™ training system will strengthen instructors’ ability to […]
Reading Time: 2 minutes AirAsia has taken delivery of the first A320neo assembled at the Airbus Final Assembly Line Asia (FALA) at a dedicated ceremony in Tianjin, China. The aircraft, powered by CFM LEAP-1A engines, seats comfortably 186 passengers and is equipped with the innovative Space-Flex cabin. AirAsia is the largest airline customer of the A320 Family with orders […]
Reading Time: < 1 minute Earlier this week shares in AirAsia fell by 1% on the release of disappointing Q2 net returns, with a 60% drop in net profit compared to Q2 2016. This result was mainly due to higher operating costs, predominantly 60% higher staff costs and 82% higher aircraft fuel expenses. Despite this result, the Kuala Lumpur-based Malaysian […]
Reading Time: 2 minutes Thailand-based low-cost, long-haul airline Thai AirAsia X (TAAX) will put off any route expansions until further notice, that is, until the International Civil Aviation Organization (ICAO) lifts the red flag it has put on the country for the safety shortcomings in its aviation industry. ICAO’s red flag prevents Thai-based airlines from opening new routes, expanding […]
Reading Time: < 1 minute Leading aviation training provider Alpha Aviation Group continues SE Asia infrastructure investment with A320 Fixed Based Simulator. Alpha Aviation Group (“AAG”), a leading provider of aviation training solutions for the global airline industry, continues its investments into its Filipino platform by investing in its advanced training infrastructure. AAG Philippines has taken delivery and will commence […]
Reading Time: < 1 minute AirAsia has taken delivery of its first A320neo at a dedicated ceremony in Hamburg. The aircraft is the first CFM International LEAP-1A powered A320neo in South East Asia and the second worldwide. Equipped with a Space Flex Cabin for an optimal passenger comfort and efficiency, the aircraft is configured with 186 seats. AirAsia is Airbus’ […]