AirAsia

AirAsia India to expand its fleet with three A320 neo aircraft

The low-budget carrier AirAsia India plans to expand its growing fleet with three more Airbus A320neo aircraft by 2021....


After AirAsia Japan bankruptcy, group reviews India’s unit

Malaysian low-cost airline AirAsia Group is revising investments in its financially burdened Indian subsidiary, after its Japan affiliate filed for bankruptcy....


Malaysian AirAsia secures $72 million loan

AirAsia Group, a Malaysia-based investment holding company, secured a $72 million loan from Sabah Development Bank Berhad and disbursed it to the group’s units....


AirAsia Philippines looks for contributor to secure fresh capital

Ricky Isla, the CEO of AirAsia Philippines, the Philippine affiliate air carrier of AirAsia Group, announced that the airline started negotiations among financial institutions in order to secure fresh capital and keep itself afloat....


Government denies approving $242 million loan to AirAsia Group

The Malaysian Ministry of Finance denied a media report claiming that the government of the country has granted a $242 million (RM 1 billion) loan as a lifeline to AirAsia Group. The Ministry of Finance stated that none of the airlines has received any of state-owned loan guarantees yet....


AirAsia X to escape liquidation by restructuring $15.3B debt

AirAsia X, a long-haul subsidiary of AirAsia Group, announced its $15.3 billion debt restructuring scheme as a measure to escape liquidation following unsuccessful attempts to meet its financial obligations....


AirAsia crumbling airline empire: overstretched or opportunistic?

As AirAsia is looking to withdraw from some of its joint-ventures, including the close of AirAsia Japan, is the low-cost empire overstretched or was simply overly opportunistic in its expansion plans?...


Tata Sons considers becoming full owner of AirAsia India

Tata Sons considers pursuing 49% of AirAsia India stake in the joint venture among Tata sons and AirAsia Group, as the air carrier suffers asperities to operate in India. Meanwhile, Hardeep Singh Puri, the Minister of Civil Aviation of India, hinted that AirAsia Group was suspending its affiliate’s operations in India as “their parent company has problems”....


AirAsia Japan to be shut down next week?

As AirAsia looks to cut costs, one of its newer subsidiaries might be closed down as soon as next week. AirAsia Japan never truly grew into a huge operation, as it struggled to acquire market share in Japan. Now, it might not have the chance to do so....


AirAsia announces new subsidiary, expands into MRO

AirAsia announces new subsidiary, expands into MRO

AirAsia Berhad, a Malaysian low-cost carrier, has announced the formation of an engineering service entity Asia Digital Engineering (ADE). The MRO company will be a newly formed and wholly-owned subsidiary of AirAsia....