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flee

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Everything posted by flee

  1. 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
  2. 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
  3. AirAsia confirms securing RM300m loan from Sabah Development Bank https://www.theedgemarkets.com/article/airasia-confirms-securing-rm300m-loan-sabah-development-bank https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3099194
  4. Creditors to decide fate of MAS, AirAsia X https://www.theedgemarkets.com/article/cover-story-creditors-decide-fate-mas-airasia-x
  5. ‘I am here to make things right’ CAPTAIN Izham Ismail took over as group CEO of Malaysia Airlines Bhd (MAS) in 2017, making him the fourth CEO of the country’s flag carrier since the rebooting of Malaysian Airline System Bhd in 2014. The loss-making airline had been struggling to turn around amid a tough operating environment due to overcapacity and thin margins. The Covid-19 pandemic has made matters worse, and it is now proposing to restructure its debt in a bid for survival. Here is an excerpt from The Edge’s exclusive interview with him: https://www.theedgemarkets.com/article/cover-story-i-am-here-make-things-right
  6. AirAsia Group shares up 3.6% as capital raising plan goes well https://www.theedgemarkets.com/article/airasia-group-shares-36-capital-raising-plan-goes-well
  7. Airbus prepares to boost production of world’s most popular passenger jet Aerospace manufacturer aims to lift output of A320neo single-aisle aircraft from second half of next year Airbus is aiming to boost production of its popular A320neo family of single-aisle aircraft by close to 18 per cent from the second half of next year in a rare piece of good news for an industry that has been devastated by the impact of the coronavirus crisis. https://t.co/70dMhYF9wK?amp=1
  8. Malaysia Airlines, Firefly staff get early retirement scheme offer https://www.freemalaysiatoday.com/category/nation/2020/10/22/malaysia-airlines-firefly-staff-get-vss-offer/
  9. Airasia X management should only worry about the creditors' scheme of arrangement - if the big creditors agree, it can try to rescue the airline. If they don't agree, they should just liquidate the airline and not waste any more money. Don't repeat the mistakes of Malaysia Airlines. This is more so as the aviation industry is suffering its worst ever crisis and the next 5 years will be extremely tough for the industry.
  10. Malaysia Airlines operates rescue and repatriation flights amid RMCO, CMCO https://www.theedgemarkets.com/article/malaysia-airlines-operates-rescue-and-repatriation-flights-amid-rmco-cmco
  11. MAHB sends legal letter to AAX in a move that may scuttle debt restructuring of a big customer https://www.theedgemarkets.com/article/malaysia-airport-sends-legal-letter-aax-move-may-scuttle-debt-restructuring-big-customer
  12. Airbus A320-251N MSN10037 VT-ATD AirAsia India delivery 20oct20 TLS-DEL ex F-WWIM Airasia India's First A320Neo delivered!
  13. RM300mil loan for AirAsia? https://www.nst.com.my/business/2020/10/634319/rm300mil-loan-airasia
  14. Cathay Pacific Boeing 777-9 deliveries pushed back to "beyond 2025" The airline's new flagship, along with its new first class suites and business class seats, are now at least five years away... https://www.executivetraveller.com/news/cathay-pacific-boeing-777x-delivery-delayed Cathay Pacific to add Airbus A321neo jets to its fleet The Oneworld member will bolster its fleet with scores of single-aisle Airbus A320-series jets, including the latest A321neo. https://www.executivetraveller.com/news/cathay-pacific-airbus-a321neo-business-class
  15. Cathay Pacific Group announces corporate restructuring Group will cease Cathay Dragon operations, and reduce workforce and passenger capacity as it adapts to the new travel reality https://news.cathaypacific.com/cathay-pacific-group-announces-corporate-restructuring
  16. SIA to launch new non-stop flights to New York in November amid early signs of recovery in air travel https://www.straitstimes.com/singapore/sia-to-launch-new-non-stop-flights-to-new-york-in-november-amid-early-signs-of-recovery-in
  17. Sources: Malindo Air to further downsize, reduce staff https://www.nst.com.my/business/2020/10/633539/sources-malindo-air-further-downsize-reduce-staff
  18. As Covid-19 bites, AirAsia group CEO Tony Fernandes says 'cannot live in a cave for the rest of our lives' https://www.theedgemarkets.com/article/covid19-bites-airasia-group-ceo-tony-fernandes-says-cannot-live-cave-rest-our-lives
  19. Your comment suggests to me that you have not read the article in the above link.
  20. AAX: The last stand A MASTER reset at the loss-making and debt-laden AirAsia X Bhd (AAX) has been a long time coming. It could have dragged its financial woes on and on but the Covid-19 pandemic, which has thrashed the aviation industry globally, may very well have forced the hand of low-cost, long-haul associate of AirAsia Group Bhd. It could still be a blessing in disguise, depending on how the restructuring plan for its RM63.5bil debt turns out. The pandemic, which has grounded the airline’s entire fleet since the second quarter of 2020, has delivered the hard reset button to AAX to do some soul searching and to right its wrongs before it prepares for take-off again. From the very beginning, sceptics had doubted whether a business model of a long-haul budget airline would work, seeing how the late Sir Freddie Laker’s Skytrain went bust in the 80s. Thirteen years down the road, it would seem like AAX might go down the same road and prove its critics right. https://www.thestar.com.my/business/business-news/2020/10/17/star-exclusive---aax-the-last-stand
  21. Agree that D7 will have much better survival prospects if MAB is liquidated. In fact, they have a nice feedstock for P2F conversion, if they decide to take logistics more seriously. However, the stumbling block is funding because D7 has been bleeding cash for some years already and they don't have that many sources of financing these days.
  22. We have tried everything with MH for so many decades already. Its time for trying something else. Covid-19 has reset the aviation industry and leveled the playing field a bit as even big airlines need to downsize. Got nothing to lose and maybe something to gain. We won't know if we don't try.
  23. flee

    Boeing 737 MAX

    Boeing 737 MAX declared “safe to fly” by European Aviation Safety Agency https://www.airlive.net/breaking-boeing-737-max-declared-safe-to-fly-by-european-aviation-safety-agency/
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