AirAsia Group

AirAsia Group to raise funds via private placement

AirAsia Group announced it would raise funds through private placement.  ...


Tata Sons to hold almost 84% of AirAsia India stake

AirAsia Group sells almost 33% of AirAsia India to Tata Sons allowing the company to hold an 83,67% stake in Indian venture.  ...


AirAsia Japan abolishes all routes, 23K passengers get no refund

Affected by the outbreak of new coronavirus disease, AirAsia Japan, the low-cost airline under the well-known AirAsia group, abolished all its routes on the 5th and officially withdrew from the Japane...


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....