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flee

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Everything posted by flee

  1. Avolon cancels order for 75 Boeing MAX jets, 4 Airbus A330neo DUBLIN (Reuters) - Aircraft lessor Avolon on Friday announced the cancellation of an order for 75 Boeing (BA.N) 737 MAX planes that were due to be delivered by 2023, saying it was adjusting its order book to the disruption caused by the coronavirus pandemic. More: https://www.reuters.com/article/us-health-coronavirus-avolon/leasing-company-avolon-cancels-order-for-75-boeing-max-jets-4-airbus-a330s-idUSKBN21L1UK
  2. You are 100% right! The experience in the Peninsula is that the NS highway helped open up the less developed states. All along the highway, we see new residential, commercial and industrial development. The highway served as a catalyst to development. The same is now going on with the East Coast highway. I think the Pan Borneo highway will open up the areas where it passes and it will also improve logistics to the smaller and less developed towns, just like the highways on the Peninsula has done.
  3. AirAsia’s Fernandes skeptical about deliveries any time soon https://www.flightglobal.com/orders-and-deliveries/airasias-fernandes-skeptical-about-deliveries-any-time-soon/137692.article
  4. During this Covid-19 airline shutdown period, we get to see a lot more cargo flights - even pax aircraft flying in is carrying mainly cargo, e.g. Xiamen Air upgraded their usual B737 to B787. MAS kept their A330 service to Hong Kong. Good to see YTO in KUL, finally! Too bad we are not able to spot at KLIA now! Here is an old pix of the B757 that I managed to catch at Narita.
  5. Troubled local carriers to get RM10bil help from Khazanah? KUALA LUMPUR: Malaysia’s cash-strapped airlines could get up to RM10 billion financial assistance from Khazanah Nasional Bhd. Sources said the potential RM10 billion would specifically be in the form of loans guaranteed by Khazanah to help the local carriers cope with the Covid-19 pandemic. This was meant as a short-term relief for them to cover operating cost and improve liquidity, a source told the New Straits Times. The pandemic has exacerbated the local carriers’ yields and profitability, which had already been compressed by overcapacity and irrational levels of competition particularly in Asia Pacific. “The assistance depends on how long the Covid-19 crisis will last. Most airlines have cash reserves less than a month to keep their operations, except AirAsia Group,” the source said. He said the government’s intervention via the sovereign wealth fund would be critical at this juncture to assist local airlines such as Malaysia Airlines Bhd, AirAsia, Firefly and Malindo Air as the air transport industry supported about 450,000 jobs in Malaysia in 2018. More: https://www.nst.com.my/business/2020/04/580216/troubled-local-carriers-get-rm10bil-help-khazanah
  6. I think most people do know how badly East Malaysia was neglected in the past 60+ years. While roads and railways were being built in the Peninsula, Sabah and Sarawak were just thrown crumbs. Imagine, if all that money spend on RAS was matched by a similar amount to be spent on land infrastructure each year, wouldn't East Malaysia have a much better land transport infrastructure after 60 years?
  7. Isn't Mavcom supposed to be overseeing the industry? Shouldn't they be looking at these issues? I think the main reason why many governments are now scrambling to prop up the ailing aviation industry is because it is a strategic industry that enables trade, commerce and tourism. Perhaps, governments should not look at aviation in isolation but as part of the commerce, industry and tourism industries. This integrated and holistic approach may better justification for subsidies.
  8. SIA Group the big winner in Asia-Pac airline bailouts https://centreforaviation.com/analysis/reports/covid-19-sia-group-the-big-winner-in-asia-pac-airline-bailouts-519508
  9. Most, if not all, airlines are expecting to downsize when the Covid-19 crisis ends. So they are just identifying the aircraft that require heavy maintenance soon. With oil prices so low now, I think their capacity reduction decisions are based more on the which are the cheapest aircraft to maintain.
  10. Covid-19 could be impetus for MAS and AirAsia merger https://www.theedgemarkets.com/article/covid19-could-be-impetus-mas-and-airasia-merger
  11. I was just supporting your idea of shutting everything down. Maybe use the savings to repay our trillion RM debt and save some interest. We still have to pay for past mistakes, don't we?
  12. Don't worry - when MAS, Airasia and Malindo shut down, some other brilliant business people will set up another new airline. Look at the amount of budding airline tycoons trying to set up even when the big 3 are still in business. Maybe Flylove will suddenly become our national airline!
  13. MAS resumes some flights for Malaysians stuck abroad in Covid-19 pandemic https://www.malaymail.com/news/malaysia/2020/03/30/mas-resumes-some-flights-for-malaysians-stuck-abroad-in-covid-19-pandemic/1851625
  14. That isn't such a bad idea, especially since Malaysia Airlines is such a money pit these past few decades. Lets not spoil Airasia and Malindo by giving them the same drug to treat their sickness. Taxpayers don't like to see their money wasted.
  15. I think Airasia X is best off being integrated with Airasia Group - but the shape and form of this integration can be very complex and may not be a complete merger. The important thing it needs to do is strengthen its very weak balance sheet. They will need to raise additional capital through all means available. Although it has not received government bailouts like Malaysia Airlines in its history, the Covid-19 crisis may see them asking for some help from the government. I don't think Airasia Group wants to close it down because it remains a strategic part of the Group's strategy and operations.
  16. Singapore Airlines and SilkAir pilots put on leave without pay https://www.flightglobal.com/airlines/singapore-airlines-and-silkair-pilots-put-on-leave-without-pay/137540.article
  17. I believe that Covid-19 will change Malaysian aviation - it is simply unsustainable to have all this competition that is slowly killing all airlines in the industry. It is a big waste of money, especially since money for MAG is public money. The govt. clearly cannot afford to throw money at MAG anymore. Khazanah has more viable investments for its funds and after 20+ years of turnaround plans for the national airline, a new strategy is sorely needed.
  18. Rolls-Royce Pauses U.K. Engine Output for Virus Measures https://www.bloomberg.com/news/articles/2020-03-27/rolls-royce-pauses-u-k-civil-engine-output-for-virus-measures
  19. Malaysia Airlines Bhd considers more flight cuts https://www.nst.com.my/business/2020/03/578811/malaysia-airlines-bhd-considers-more-flight-cuts
  20. Coronavirus: European, US travellers scramble for flights as Asia’s key transit hubs close The two major transit hubs have joined Taiwan and Malaysia in banning short-term visitors as governments seek to curb the spread of Covid-19 Passenger numbers have dramatically fallen across the region as the likes of Cathay Pacific and Singapore Airlines cut services to just 4 per cent https://www.scmp.com/week-asia/economics/article/3077252/coronavirus-european-us-travellers-scramble-flights-asias-key
  21. Malaysia’s Passenger Traffic Forecasted to Contract Between 36.2 and 38.1 Per Cent in 2020 due to COVID-19 Clarity of policy objectives and exercise of good governance crucial for Government in determining any financial assistance for airlines https://www.mavcom.my/en/2020/03/27/malaysias-passenger-traffic-forecasted-to-contract-between-36-2-and-38-1-per-cent-in-2020-due-to-covid-19/
  22. SIA aims to raise $15 billion with support from Temasek to combat Covid-19 fallout https://www.straitstimes.com/singapore/transport/sia-aims-to-raise-15-billion-amid-major-financial-challenges-posed-by-covid-19
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