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flee

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flee last won the day on August 8 2009

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  1. Since there are not many deliveries in 2021, we will let this thread continue into 2021. A small update from skyliner: Airbus A330-343 MSN1481 REG:9M-XXP AirAsia X ferried 15feb21 KUL-SYD-WTB for storage
  2. Top Hong Kong poker player raises bet on AirAsia Group via private placement https://www.theedgemarkets.com/article/hong-kongs-stanley-choi-emerges-substantial-shareholder-airasia
  3. Bloomberg report: https://www.bloomberg.com/news/articles/2021-02-22/malaysia-airlines-parent-firm-gets-green-light-for-restructuring Khazanah did not have a choice - they have to keep MAG going and bail them out again! With Covid-19 vaccinations progressing now, there should be some hopes that travel will resume by 2H 2021. MAB should be looking at what routes they will begin to operate in that period. It is likely that more weight will be given to routes where cargo traffic is highest. They need to evaluate what their fleet requirements are and drop aircraft if they are surplus to requirements. With lease rates lower these days, there is no real need to replace their relatively young aircraft fleet. They may only want to look at receiving new aircraft after 2025. Boeing will surely push them to take delivery of their Max 8 on schedule. Good thing that the Max 10 is delayed. As for widebodies, the A380 looks like it is gone. The A350 is good for the LHR service (and maybe to Japan and Australia). MAB should also consider using the A350 to reintroduce pax service to AMS. It is likely that Europe will open up to travellers sooner than Asia Pacific. Many A333s will see their leases expire - MAB should negotiate aggressively to extend these at a much lower rate because the A333 were used for cargo flights and will continue to be a useful aircraft to have, especially at lower lease rates. The PW4170 engines are still young and should still be good - but MAB must inspect the blades closely. Lets hope that MAB can be more transparent and let us know what their plans are for the coming years.
  4. Analysts say AirAsia’s private placement plan critical to keep it afloat https://www.theedgemarkets.com/article/airasias-private-placement-move-right-direction
  5. AirAsia Group "joined at hip" with Airbus despite cancellations https://www.reuters.com/article/us-airasia-strategy/airasia-group-not-switching-to-boeing-despite-airbus-cancellations-idUSKBN29G0VE
  6. Airasia X has cancelled its order for 10 A350s in the Airbus Orders and Deliveries report for Dec 2020. https://www.airbus.com/aircraft/market/orders-deliveries.html
  7. I think you are 100% correct. It will be business as usual - there will be no major changes. Same old inefficient, incompetent and overpaid management. Wait for the next "turnaround" plan in 2 or 3 years.
  8. Malaysia Airlines seeks UK court to complete debt restructuring by 1Q https://www.theedgemarkets.com/article/malaysia-airlines-seeks-uk-court-complete-debt-restructuring-1q
  9. COVID-19 forces major change across Asia-Pacific airline industry Airlines in the Asia-Pacific region have two priorities at the moment – short term survival, and figuring out how they need to adjust to the post-COVID-19 industry landscape. The first is obviously the most pressing issue for now, but airlines also cannot lose sight of the longer-term picture. With many aircraft parked and international traffic in the doldrums, airlines are scrambling to negotiate new financing and are looking to defer as many short term aircraft deliveries as possible. The traffic and demand growth assumptions that have formed the basis of airline plans have been rendered obsolete by the pandemic, forcing them to launch business reviews as they recognise the need to streamline their operations. Across the Asia-Pacific region, some business models and markets are faring better than others. In many cases, governments are providing a vital lifeline. But despite encouraging signs in specific markets, the real disruption to the airline industry could play out over the next few years. More here: https://centreforaviation.com/analysis/reports/covid-19-forces-major-change-across-asia-pacific-airline-industry-534197
  10. AirAsia Sells Stake in India Venture to Tata for $38 Million https://www.bloomberg.com/news/articles/2020-12-29/airasia-sells-stake-in-india-venture-to-tata-for-38-million
  11. Floored by Covid-19, can SIA soar again? Fate of S’pore’s aviation hub rests on it Read more at https://www.todayonline.com/big-read/big-read-floored-covid-19-can-sia-soar-again-fate-spores-aviation-hub-rests-it
  12. Airbus to lose over $5 billion in orders under AirAsia X's proposed restructuring https://www.reuters.com/article/airasia-x-lawsuit-airbus-exclusive-idUSKBN28W0JK
  13. AirAsia will be back stronger in 2021, with international operations starting to open up within the next six months. AirAsia X is needed within Asia as a medium haul airline. The airline is talking to the Malaysian government about receiving a USD250 million soft loan over five years, with capital raising taking place over next two to three months. The airline will take all the planes on order, but it needs time to regrow. The new logistics company will need freighters. Talking at the CAPALive on 9-Dec-2020, AirAsia’s Group CEO Tony Fernandes spoke with CAPA’s chairman emeritus Peter Harbison. Some key highlights can be found below. https://centreforaviation.com/analysis/reports/capa-live-airasia---huge-data-opportunities---and-546649
  14. BA halts Sydney, Bangkok flights to Oct 2021, axes Kuala Lumpur https://www.executivetraveller.com/news/ba-halts-sydney-bangkok-flights-to-oct-2021-axes-kuala-lumpur I wonder when the flights will end - maybe after the Christmas and New Year holiday season? Better go an spot their B788s before they finish off their flights! Bye bye BA. Too bad Covid-19 killed any demand that remained...
  15. Lessor BOC Aviation says AirAsia X restructuring favours Airbus, calls for debt-to-equity swap https://www.theedgemarkets.com/article/lessor-boc-aviation-says-airasia-x-restructuring-favours-airbus-calls-debttoequity-swap
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