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jahur

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Everything posted by jahur

  1. Honestly, MAB should be careful when it comes to Europe market. Msia's poor Tourism attraction and geopolitics aside, India and Saudi have begun to pump in money to push VistaraXAir india and Riyadh Air to go after the gulfs respectively. It may not be much stuff for MH to pick on later. At most LHR, AMS and Turkiye routes should only be the thing they are focusing on. The main advantage of the A359 is the extra take off weight limit coupled with more usable commercial payload it can carry. Flights to europe the wind condition on certain seasons could hinder the range capability a lot sometimes needing few extra tonnes of fuel than usual. That was the issue when MH had to send their b772 to LHR long ago when a lot of the 744 got AOG with a batch passengers bag and commercial parcel offloaded to next available flight. Technically 9-10 a350s is enough. Nothing more. A339 is much more suited for flights less than 12hours anything more would have to be the a350.
  2. MAG expects first A330-900neo to arrive in September next year Group managing director Datuk Captain Izham Ismail said MAG has options on the table for the remaining 20 and will make that decision in the first quarter of 2024. "If we follow or remain steadfast with our long-term business plan until 2030, we should have at least 55 widebody aircraft by 2028," he said during the Airline Leader Interview - MAG session held at the Centre for Aviation (Capa) Asia Aviation Summit and Sustainability Awards 2023 here today. 55 widebody seems a bit too far-fetched. But we'll see. The old plan was for them to have 33 widebody to facilitate very mild expansion. Currently the fleet stands at 21 a330ceos to be replaced by 20 a330neo with optional slot of 20 more. The a350 fleet of 6 will be gradually increased to 10. What is more likely to happen is them executing 3 a330neo on top of the 20 units to enable the 33 widebody total.
  3. In the old days almost every airlines around the world would have about 5-10% of each aircraft type fleet on standby on the ground not including those undergoing scheduled maintenance. One broken a340-300, easy sends replacement aircraft with crew within 2-3hours. Nowadays with changing travel pattern, everyone is using their aircrafts at near max utilisation rates. Broken aircraft no backup, sends automated re-timing notices that may persist beyond 3hours to avoid dispersing any forms of compensation with domino effect at risk on other subsequent flight plus crew bursting their available duty hours. Even the margins at gulfs carriers are narrowing.
  4. From what i gather Kimanis may only be a thing after 2035 that also maybe 60% of the size of what it is originally proposed. Manila relocation itself took 6 years that excludes any potential delays or hiccups. Qazanah's private airport project also solely depends on the states infrastructure readiness. Currently electricity output of the state is not even half of Sarawak's with potential mitigation plans only ready by late 2027. Looks like Federal is putting in stop gap measures for current BKI site seeing how kimanis will likely be decades away.
  5. Exclusive: Vietnam's Bamboo Airways struggling to pay pilot wages; some depart months after late salary payments, according to two people familiar with the matter. About 30 foreign pilots departed in that time, or more than 10% of the airline's total pilot staff in June, according to one of the people, who declined to be identified as the information was not public. A second person said some pilots had recently quit and others were dismissed. Embattled Bamboo, Vietnam's No. 3 airline, said in a statement to Reuters it has undertaken a drastic restructuring encompassing its route network, fleet and human resources. Bamboo Airways appears to be ending 787 flights As of November 2023, the airline has completely zeroed out availability for all of its long haul flights, including services to Frankfurt (FRA), London (LGW), Melbourne (MEL), and Sydney (SYD); the airline already abruptly cut its London service as of mid-October, and the other routes show as ending in the coming days With the airline no longer operating long haul flights, and with the company looking to reduce its fleet, it seems like a near given that the airline will dump its Boeing 787s somehow Now overhead its 2 remaining 787-9 will be given up to the lessors plus 11 frames under MOU with boeing not to be executed.
  6. The “disappearance” of MYAirline is bad news but good for Malaysia The domestic airline market had been rife with talks of a troubled MYAirline for several weeks leading up to its suspension, with employees grumbling about unpaid or half paid salaries. Apart from disruptions in staff pay, suppliers and vendors were also affected, including Malaysia Airports Holdings Bhd (MAHB) and state-owned oil giant Petronas, both allegedly with over MYR30 million in arrears. Malaysia’s twin regulators, the Civil Aviation Authority of Malaysia (CAAM) and the Malaysian Aviation Commission (Mavcom), have lots to explain. CAAM confirmed in a statement it could not find any sign of financial distress following a technical audit done in May. However, a source claimed if the regulators looked internally, they might just discover that MYR800,000 in navigational services fees and regulatory service charges (RSC) due to them have not been paid in months. Then there are the trade payables, including unpaid fees to Thai authorities following MYAirline’s launch of flights to Bangkok’s Suvarnabhumi and Don Muang in June this year, that point to a wider systemic failure and blunder. A report by The Edge, a business daily, cited sources saying the airline had burnt some MYR380 million since it began flying at end-2022 with a further loss of almost MYR50 million in forward bookings. All told, observers reckoned MYAirline may have racked up losses of up to MYR500 million. MYAirline is backed by groups with names like Trillion Cove Holdings and Zillion Wealth Bhd. Trillion Cove is a money-lending and financing company controlled by businessman Allan Goh Hwan Hua. The names of these entities alone ought to have alerted regulators, particularly after a company belonging to Goh, I-Serve Online Mall, was one of seven companies fined a total of MYR50 million recently by Bank Negara Malaysia, the central bank, for accepting deposits without a licence. MYAirline’s failure has incited an active debate over the appropriateness of Malaysia’s airline and aviation policies. The airline’s finances were in a bad way since its launch; it grew quickly, leasing a fleet of A320 jets, purportedly for about USD200,000 a month for each plane. The carrier was believed to be running a liability deficit from day one. Its business model – unsound from the start – was to take on AirAsia, and to fill in the vacuum left by domestic carriers due to a shrunken capacity and fewer routes during Covid. Operations were exceptionally expensive: a monthly budget of MYR10 million for its 700 workers, with management and crew (cockpit and cabin) getting paid MYR4 million, nearly half of it. Analysts estimated leasing rental costs of around MYR9 million a month, to eight international lessors, due to the weakening ringgit and firm oil prices. These lessors have since sent termination of contract letters to retrieve their nine A320s (plus two currently in the hangar). The leasing companies are not blameless in MYAirline’s fiasco. Desperation to place aircraft post-Covid and pure greed led the lessors to punt on a shady startup.
  7. Wonder if the authorities ever took action against Datuk Seri Jessie Lai and her lot for the mess they made with 2 b737-400 Suasa/Moonspace air or whatever that pyramid bait business was called. MonSpace wins suit, Kepong MP ordered to pay RM2 million in damages Bunch of scammers around out there now we have Myairlines to add to the list.
  8. AirAsia keen to lease Airbus A320s used by MYAirline AirAsia Aviation Group Ltd group chief executive officer (CEO) Bo Lingam said AirAsia is talking to all eight of MYAirline's aircraft lessors to determine the final number of aircraft that the budget carrier will be taking. "They (lessors) asked us last week if we're interested and we said yes. We'll confirm by next week on the number of A320s we'll be taking," Bo told Business Times today after the launch of AirAsia's free seats campaign.
  9. MYAirline's interim CEO resigns, lessors ask for return of aircraft KUALA LUMPUR: MYAirline Sdn Bhd's interim chief executive officer Stuart Cross has resigned, while the airline is expected to return the nine Airbus A320s that make up the airline's fleet, deepening the troubled airline's woes. Currently, the airline is being run by its interim accountable executive Datuk Seri Azharuddin Abdul Rahman. He said in a statement on Saturday that all MYAirline personnel were still under full employment and no one had been placed on unpaid leave. Sources said eight aircraft lessors have asked MYAirline to hand back the Airbus A320s since it ceased flight operations on Thursday (Oct 12). The lessors are Aviation Capital Group LLC, AerCap Holdings NV, Aircastle Ltd, Avolon, Carlyle Aviation Partners, Genesis, Mizuho and SMBC Aviation Capital. All but one of the lessors had leased one Airbus A320 each to MYAirline. Aircastle leased two to MYAirline. MYAirline's ASL ends on Nov 14, and it was recently awarded a two-year extension of its AOC. "They should have applied for the ASL renewal at least three months ago," an insider told Business Times. According to Mavcom, the renewal includes a written application along with required documents and the application shall be made at least 90 days before the date of expiry of the existing licence. "Every holder of an ASL is required to provide regular financial and operational reports to Mavcom as part of their licence's conditions," Mavcom stated in its website. If MYAirline had applied for a renewal of its ASL, it would have to submit its financial report to Mavcom as part of the requirement. "Possibly MYAirline didn't apply for the ASL renewal since no one is aware of its financial situation and shocked over the suspension of operations," the insider said.
  10. Socso to aid MYAirline staff as some claim not paid since August PETALING JAYA: The Social Security Organisation (Socso) will come to the aid of more than 500 MYAirline staff who have been affected by the abrupt suspension of the carrier’s operations, says human resources minister V Sivakumar. This comes amid claims by some MYAirline employees that they have yet to be paid their September wages and that employer contributions to Socso and EPF have not been made since May. Pretty much what i'm seeing is the wage for July got delayed, August and September were never paid. Then EPF and Soco contributions not paid since may.
  11. Seems like ODs turboprop operations in Subang are no longer active. But they currently still have 5 atr72-600 in posession. Edit: seems to be very downscaled operations.
  12. Had an argument about this with a school friend a while back about reliability and quality. It seems for him guaranteed cheap ticket outweighs all issues cause to him flying should be affordable even to the hardcore poor. Its the same reason Ryanair ceo says he does not mind putting out standing seats in planes and removing toilets to pull down prices. Manufacturers designing an ass to face seat config which currently is on trial and waiting regulatory approval(hopefully this gets thrown out). Some even flag the idea of forced induced sleep/coma if there's a chance ticket price can be lowered. World Gov's pushing the idea of seat flooding and unchecked competition but when s#1t unfolds majority would go into hiding. The Thomas Cook and Monarch issue while almost everyone has been sorted(getting to their destination/refund from other chartered airlines on behalf of the UK gov), people still missed their appointments, holiday trips.
  13. MYAirline just ‘disappeared’, says Loke KUALA LUMPUR: Transport minister Loke Siew Fook has criticised MYAirline’s decision to suspend its operations earlier today, calling the low-cost carrier’s actions “irresponsible” and “unacceptable”. He said the transport ministry and Malaysian Aviation Commission (Mavcom) were caught by surprise with the “abrupt” decision as they were not given any prior notice. Loke said the suspension has affected 125,000 MYAirline passengers who had already purchased RM20 million worth of tickets until March 2024. “Their decision to suspend operations is unacceptable and shocking to all of us,” Loke said at a press conference in Parliament. “MYAirline just disappeared. They stopped their operations, and not only were their planes not flying, but their staff were also nowhere to be found at the airport. “There were no representatives at all (at the airport). (This is) irresponsible behaviour.” Earlier today, MYAirline said it had to suspend its operations immediately because of significant financial pressures. Calling the decision “extremely painful”, it added that it had no timeline on resuming operations – which was dependent on shareholder restructuring and recapitalisation of the airline. MORE TO COME
  14. AOC and ASL are the essential items required. If they cant renew these two its a full closeshop without any chances of coming back as to reapply back from scratch is very costly.
  15. Batik Air Malaysia, Airasia, MAB offering up to 50% discount for anyone with confirmed tickets with Myairlines sector for travel dates up to nov 30th. Its quite likely the airlines would rebate some of the costs from Mavcom.
  16. MYAirline suspends operations as potential white knight pulls out Supposed relief pulled out last minute. Really hoping everyone gets it together. We already have rayani air as a good lesson.
  17. The aviation scene in msia is a very cut throat environment its been repeatedly stated by mavcom that there is excess capacity and poor yields while costs aren't going down as a whole globally. Its not the good old days of rm2 success story plus no competition. So in this case there is need for consistent financial pump to weather out anything and that can take up to years which some investors will not understand. Rayani had the wrong thing as well.
  18. Initial seed funds were okay. Problem were them taking aircrafts at an expedited rate and same time paying high salary rate(heard it was highest paid in msia). If they are to maintain these sort of routine in the long run they need ample amount of continuous funds inserted until the fleet number stabilizes or try to maximise the sales yields(increasing ticket costs). Seems they're now prioritizing seeking new cash support to avoid delaying/adjusting salaries and maintaining aircraft delivery status quo.
  19. State sources dismiss rumoured Sarawak takeover of MYAirline KUCHING (Oct 10): Sources close to the Sarawak government have dismissed a rumour about the state potentially taking over MYAirline. MYAirline, headquartered in Subang Jaya, Selangor, is said to be changing its top management personnel due to financial woes and is also looking for a key investor or owner.
  20. Rumor mill floating about ranges from Berjaya group down to Sarawak State gov eyeing for a big stake.
  21. MYAirline to get a new owner? PETALING JAYA: Budget carrier MYAirline is expected to welcome a new owner soon. A source close to the matter said the new owner, a local entrepreneur, is expected to pump in more funds into the airline which took to the skies last December.
  22. MYAirline CEO resigns? It remains unclear on why Teo had resigned but MYAirline had also recently lost a number of its top executives including its chief financial officer and chief commercial officer. There were also talks that the carrier is facing financial issues as payments to its services providers were either delayed or remained unpaid as at time of writing. Staff salaries were also not paid on time for several months.
  23. Whatever ME is doing its not really ethical looking as a whole especially when they can just omit any bond you owe to your current company, rm150-200k is water for them. But the local asean aviation industry is also at fault for the lackluster pay and benefit trying to facilitate affordable air travel acting oblivious each time manpower situation occurs to a point increased rescheduling % is an acceptable sacrifice. Indonesia tried to do a bit of prevention(hours gathered not recognized) but people still leave as the money gathered few years is enough to warrant an early retirement even after tax by indonesia. Its a reason why down under got very cautious with letting in gulfs. At ol murica they been barking about it but their very own local customers always talk how great gulf is and blaming american carriers for bailouts while turning a blind eye how much waiver and support the gulfs received from their respective govs for 2 decades. I've seen americans asking gulfs to takeover domestic flights in america thinking the situation would improve.
  24. Had 2 friends in Myairline who had their salaries delayed twice(still within legal limit of 1 month delay before it can spook the labor dept) for it to happen twice and both seems to concide with aircraft delivery does not really seem good. On operations side 1 left for gulf.
  25. Nice comparison. Also just saw a lessor re-possession of 2 a320neo. It seems empty ferry fully fueled the a320neo could do almost 10hours. The a321neo and more could probably do 12-13hours ferrying which is crazy.
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