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flee

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Everything posted by flee

  1. Cash balance grows but liquidity still an issue at AirAsia X https://www.theedgemarkets.com/article/cash-balance-grows-liquidity-still-issue-airasia-x
  2. Transport Minister: Last FAA audit was done in 2003, not 2016 as claimed by Najib https://www.malaymail.com/news/malaysia/2019/11/18/transport-minister-last-faa-audit-was-done-in-2003-not-2016-as-claimed-by-n/1810951
  3. After downgrade, Putrajaya forms aviation task force to improve US rating for industry https://www.malaymail.com/news/malaysia/2019/11/18/after-downgrade-putrajaya-forms-aviation-task-force-to-improve-us-rating-fo/1810926
  4. Well, they aim to monetise their user database. That is why airasia.com is no longer a website for Airasia but is a business unit in itself. They want to be like amazon.com, selling all kinds of things. Their philosophy is to have users not only buy Airasia tickets but also other things in their daily lives. They now have kiwi.com as partners, lets see who else will join them. Will they also allow other sellers on their platform?
  5. Typical Airasia hype... attract lots of people to their website, put them in a waiting room and sell tickets which are not advertised. Meanwhile only a select few will get their RM 99 tickets!
  6. How we lost our head in civil aviation IN the world of aviation Malaysia is not a big name — we do not build aeroplanes nor do we lead in any field of technology related to flying, but we do have a relatively clean track record when it comes to safety. Until last year, the Department of Civil Aviation (DCA) was considered an example for others in the region to follow as we made sure that flying in and out of Malaysia is as safe as can be. To be sure, our aviation sector was not really a technical trailblazer operating on the cutting edge of technology, but we did have to face the challenge of AirAsia, a budget airline that grew so fast that it made the world sit up and take notice. Overseeing a fast-growing budget airline is not an easy task; as the term implies, such aviation outfits work the very limit of cost cutting. If not properly supervised they could easily cut corners and put lives at risk. Budget airlines also generate a lot of complaints, primarily due to delays and quality of service as they push manpower and equipment to the brink of the impossible. Budget airlines do generate a lot of technical and safety concerns because they just work planes and people harder, that is their nature. Somehow, the DCA managed to keep everything in check and its strictness allowed AirAsia the framework to grow safely and sustainably. Hats off to DCA for a task well done. So, how did we slide so far down the totem pole to join the ranks of only six other nations in Category 2 of the American Federal Aviation Administration’s (FAA) classification of countries that connect directly to the United States? The demotion could not have happened overnight as the FAA clearly knew what it was doing. More here: https://www.nst.com.my/news/nation/2019/11/538889/how-we-lost-our-head-civil-aviation
  7. Mavcom's budget is huge as it is based on a collection of RM 1 per pax at all of Malaysia's airports. Really don't know why Mavcom cannot be part of CAAM. However, what is really needed to be separate is our version of the NTSB. We do not have that kind of expertise to investigate air crashes and we do need it now because we have so many airlines and we also have many aircraft in their fleets.
  8. Airasia sold off all its shares in Expedia. airasia.com is now their new Expedia - 100% owned. TF has expressed his dream that airasia.com will ultimately be like amazon.com, selling everything and not just airasia tickets.
  9. More than one way to get into US, AirAsia says after CAAM’s downgrade See: https://www.malaymail.com/news/malaysia/2019/11/15/more-than-one-way-to-get-into-us-airasia-says-after-caams-downgrade/1810230
  10. ¡Increíble! AirAsia expands offering to include other airlines on airasia.com SEPANG, 15 November 2019 - AirAsia has expanded its online offering to include flights on other airlines as it transforms airasia.com into Asia Pacific’s leading travel and lifestyle platform. Announced in partnership with leading travel technology company Kiwi.com, destinations such as London, Dubai, Madrid and Auckland are now available to the more than 50 million unique monthly users who choose to book flights, hotels, activities and more on airasia.com. airasia.com CEO Tony Fernandes said, “Today is an unbelievable day. When we started AirAsia as a low-cost airline back in 2001, I never thought one day we would be selling our competitors. But if there’s one thing I’ve learned, it’s never say never. Never say never and believe the unbelievable. Today, with the help of Kiwi.com, we are reinventing ourselves as more than just an airline, bringing to life our vision for airasia.com to be the region’s one-stop travel shop.” airasia.com Head of Airline Distribution Rajiv Kumar said, “In addition to the strategic partnership with Kiwi.com, which is focused on content and technology sharing, we are also exploring opportunities to partner directly with airlines and companies who complement our existing network and travel services beyond Asia Pacific.” Powered by Kiwi.com, AirAsia’s website users will be able to book travel on more than 100 airlines to destinations currently not served by AirAsia, including Europe, Australia, New Zealand, the Middle East and the Americas. Kiwi.com CEO Oliver Dlouhý said, “I’m extremely proud that Kiwi.com has been selected to power AirAsia’s transformation and its ambition to make airasia.com a leading travel and lifestyle platform. We have an abundance of airlines and ground carriers at our disposal and together with AirAsia and its enormous customer base, we are proud to be able to open their platform to the rest of the world.” More: https://newsroom.airasia.com/news/airasia-expands-offering-to-include-other-airlines-on-airasiacom
  11. I think you are mistaken. It is airasia.com that is selling air tickets for other airlines. So this RM 99 promo is not for Airasia X flights.
  12. If I understand you correctly, that someone is Tony Fernandes. If I remember correctly, he is an advocate for an ASEAN wide regulatory body similar to EASA in Europe. He believes that this will increase regulatory consistency across ASEAN and also cut compliance costs.
  13. BelugaXL receives EASA Type Certification https://www.airbus.com/newsroom/press-releases/en/2019/11/belugaxl-receives-easa-type-certification.html
  14. Thai AirAsia parent narrows third-quarter loss https://www.flightglobal.com/news/articles/thai-airasia-parent-narrows-third-quarter-loss-462159/ https://aav.listedcompany.com/misc/MDA/20191111-aav-mdna-3q2019-en.pdf
  15. MFRS 16 effect keeps AirAsia X in the red for 3Q KUALA LUMPUR (Nov 13): Low-cost long-haul carrier AirAsia X Bhd (AAX) saw its third-quarter net loss increase 16.4% year-on-year (y-o-y) as it recognised depreciation on the assets leased under the Malaysian Financial Reporting Standard 16 (MFRS 16). Net loss widened to RM229.89 million for the three months ended Sept 30, 2019 (3QFY19) from RM197.47 million a year ago. This resulted in a bigger loss per share of 5.5 sen per share for 3QFY19 compared with 4.8 sen per share for 3QFY18. Revenue for the quarter fell 6.4% to RM1.01 billion, from RM1.08 billion a year ago. According to a filing with Bursa Malaysia today, AAX reported a depreciation of RM234.52 million in 3QFY19 compared with RM48.63 million a year ago. Full report here: https://www.theedgemarkets.com/article/mfrs-16-effect-keeps-airasia-x-red-3q Bursa Malaysia filing: http://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=207030&name=EA_FR_ATTACHMENTS Press Release: http://www.airasiax.com/newsroom/Press_Release_3Q19.pdf Analysts' Presentation: http://www.airasiax.com/misc/qr/presentation_slide_3Q2019.pdf
  16. Further details: Bursa Malaysia disclosure document
  17. Airasia X can only operate the service exactly as it is now. Cannot change anything, not even deploy the A330 Neo. I suppose this is where Indonesia Airasia X can come in... DPS/CGK-KUL-KIX-LAX, anyone?
  18. Are Passenger Jet Engines Hitting Their Technical Limits? https://www.bloomberg.com/opinion/articles/2019-11-12/why-passenger-jet-engines-are-reaching-their-technical-limits
  19. CAAM issues are basically a result of the government (past and present) politicking too much and not doing the job of governing. So it is best that politicians stop the talking and start to do some work they were elected to do!
  20. Malaysian aviation hits bumpy ground https://www.thestar.com.my/news/nation/2019/11/13/malaysian-aviation-hits-bumpy-ground AirAsia X’s Cheap U.S.-Japan Flights Could Be Delayed After FAA Downgrades Malaysia To Category 2 Safety Ranking https://www.forbes.com/sites/willhorton1/2019/11/11/airasia-xs-cheap-us-japan-flights-could-be-delayed-after-faa-downgrades-malaysia-to-category-2-safety-ranking
  21. I very much doubt that this matter can be resolved in 12 months. More likely to happen only in 2021.
  22. Why not? Mavcom will just be a department under the CAAM and both will be financed by the tax on the travelling public together with fees that the CAAM levies for its services. I sort of anticipated this move: CAAM mulls higher fees on aviation industry services
  23. Merge Mavcom back into CAAM and use the combined budgets for the advancement of Malaysian civil aviation.
  24. A lot of what the CAAM used to do is now the responsibility of Mavcom. Mavcom has lots of budget for their activities due to the tax imposed on passengers. However, the CAAM's financial position should also be improved as they have fewer responsibilities. So they can have better qualified and well paid staff as there is less workload now. The issue of the PSD not allocating staff based on qualifications and experience needs to be tackled, though.
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