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  1. Today
  2. Info from my indonesian friend is that Lion air is seeking bankruptcy soon. Currently the board and upper management is seeking to apply another newer AOC to transfer some of the assets over. Due to this no funding will be given to Thai Lionair and Malindo.This might've hasten in Malindo in terminating 2k staffs yesterday. Original downsizing fleet to just 13 atrs and 12 737ng might be scrapped as well to an even smaller fleet. Not sure how much Batik Indonesia is affected. Rumors out also that co founder Pak Rusdi Kirana of Lion Air might be facing cbt charges just so after another Indonesian Tycoon Benny Tjokrosaputro was jailed for life from stock manipulation charges.
  3. Last week
  4. Hawaiian Airlines Defers First Boeing 787-9 Delivery to 2022 https://airwaysmag.com/airlines/hawaiian-airlines-defers-first-boeing-787-9-dreamliner-delivery-to-2022/
  5. Defending Sabah bank’s controversial RM300m loan to AirAsia, ex-CM Shafie says approval only after all conditions met https://www.malaymail.com/news/malaysia/2020/10/28/defending-sabah-banks-controversial-rm300m-loan-to-airasia-ex-cm-shafie-say/1917190 RM300 million loan to AirAsia done by the book, says former CM https://www.nst.com.my/news/nation/2020/10/636132/rm300-million-loan-airasia-done-book-says-former-cm MACC probing RM300 mil loan by Sabah-owned bank to AirAsia https://www.freemalaysiatoday.com/category/highlight/2020/10/28/macc-probing-rm300-mil-loan-by-sabah-owned-bank-to-airasia/ Help small businesses instead of AirAsia, economist urges Sabah https://www.freemalaysiatoday.com/category/highlight/2020/10/26/help-small-businesses-instead-of-airasia-economist-urges-sabah/ SDB may be in jeopardy: DCM http://www.dailyexpress.com.my/news/160619/sdb-may-be-in-jeopardy-dcm/
  6. Elbe Flugzeugwerke (EFW), the joint venture created by Airbus and ST Engineering has achieved key milestones in the A321 passenger-to-freighter (P2F) conversion programme with the delivery and entry-into-service on 2th October of the first converted aircraft to Qantas. This new P2F version is being leased by aircraft asset manager Vallair to Qantas, to operate services on behalf of Australia Post. Last month, following its flight tests, the newly completed aircraft had been delivered by EFW to Vallair. https://www.airbus.com/newsroom/news/en/2020/10/first-a321p2f-enters-into-service-with-qantas.html
  7. AirAsia Group Berhad Preliminary Operating Statistics - For the 3rd Quarter of 2020 https://newsroom.airasia.com/news/2020/10/26/aagb-3q20-preliminary-ops-stats
  8. AAX confirms BOC intervention application relating to debt restructuring scheme https://www.theedgemarkets.com/article/aax-confirms-boc-intervention-application-relating-debt-restructuring-scheme
  9. AirAsia Group lowers Malaysia market recovery expectations https://www.theedgemarkets.com/article/airasia-group-lowers-malaysia-market-recovery-expectations
  10. AirAsia X explains Malaysia Airports' RM78mil debt owed https://www.nst.com.my/business/2020/10/635366/airasia-x-explains-malaysia-airports-rm78mil-debt-owed
  11. One way 45 minute flight ticket in S.korea costs 100-300usd and it is similar in Indonesia with their local currency converted. Whereas pre covid KUL-PEN ranges from 30-150usd. Something is definitely wrong there.
  12. ‘Solve overcapacity conundrum or shut down MAS for good’ https://www.theedgemarkets.com/article/solve-overcapacity-conundrum-or-shut-down-mas-good
  13. Japan's ANA to cut 3,500 jobs in 3 years as it anticipates prolonged virus woes https://www.reuters.com/article/idUSKBN27A029
  14. Love how they want to essentially write off their debts. We can't pay our debts so let's try not to pay it at all. Not surprising since they treat their customers the same way when it comes to refunds.
  15. MAHB sets record straight over lawsuit against AirAsia X KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) today clarified that its filing of a RM78 million lawsuit against AirAsia X will not derail the latter’s debt restructuring scheme. “Malaysia Airports is pursuing its legal rights to recover the debt from AirAsia X which is critical for the upkeep and maintenance of the airports,” it said in response to a local media news report on Oct 24 headlined, ‘MAHB checkmates AirAsiaX’. https://www.thesundaily.my/local/mahb-sets-record-straight-over-lawsuit-against-airasia-x-HG4796900
  16. Cover Story: Creditors to decide fate of MAS, AirAsia X https://www.theedgemarkets.com/article/cover-story-creditors-decide-fate-mas-airasia-x Wonder why they still call it "debt restructuring" - isn't that closer to a debt write off instead ? 😁
  17. Earlier
  18. Hope you success with it. Do update us on the case pls
  19. MAHB checkmates AirAsia X https://www.thestar.com.my/business/business-news/2020/10/24/mahb-checkmates-airasia-x
  20. Don't think it will be possible as long as MAHB is still in-charge.
  21. Yes, did he actually bothered to read what the loan entails to? All of the 300million are invested back in Sabah. As per Bursa Malaysia filing: "The purpose of the loan is to fund specific development projects as agreed by both parties as listed below: RM170 million to establish and operate OURFARM digital food supply chain and cold chain facilities in Sabah; RM110 million to part-finance the project to turn Kota Kinabalu International Airport into an international hub for AirAsia Berhad's operations; RM10 million to enhance e-commerce platforms and marketability of Sabah products; and RM10 million to further promote Sabah tourism destinations on airasia.com, the digital super app of AirAsia. This loan is in line with AirAsia’s pivot into the digital business. The main purpose of the loan is to enhance logistics in Sabah by increasing its supply chain and connectivity, creating over 100,000 new jobs in the process." AirAsia Group is unable to redistribute the money for other purposes. Well, by wordings, no; who knows what will happen in real. Now the question, did they get back their KKIA T2? It seems they will require to build up KKIA into international hub, maybe we will soon see A330 and more A320 being stationed there once the borders reopens.
  22. Thanks for the link. I've just initiated a charge-back with my credit card that was used for these flights.
  23. Read upon a reply from foreigner on AK's soc med, he was pissed off with the forever waiting refunds, then he use a way to request refund from the credit card issuer. In short, he lodge a complaint with documents to credit card issuer bank and after few weeks he got refunded directly to his credit card. Not sure this applies to EU credit card as part of their T&C or it is applicable over here too. Maybe you can study this method. More readings here : https://www.creditcards.com/credit-card-news/what-is-a-chargeback/
  24. Airbus tells suppliers: plan now for post-crisis output hike https://www.reuters.com/article/airbus-production/update-1-airbus-asks-suppliers-to-be-ready-to-up-output-when-market-recovers-idINL8N2HD82Q
  25. Urgh. After waiting 3.5 months, I get an email from AK about their current financial situation and that they won't be processing any refunds or travel credits until they get their new loans. So, what happens? My case number for the cancelled flights gets closed, which means I'll have to wait to see if AK can secure new loans, and then start the whole refund process again, which is completely unacceptable, as that means at least another 3-4 months. Time for a credit card charge-back!
  26. I get cringed everytime politician make statements.
  27. Stop RM300 million Sabah loan to AirAsia, says SAPP chief https://www.freemalaysiatoday.com/category/highlight/2020/10/23/stop-rm300-million-sabah-loan-to-airasia-says-sapp-chief/
  28. AirAsia X confirms MAHB suit for RM78m aeronautical charges https://www.theedgemarkets.com/article/airasia-x-confirms-mahb-suit-rm78m-aeronautical-charges https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3099203
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