flee

Yes, I was also surprised to see Tehran becoming bookable when I checked for the Seoul fares. But there are no promo fares. AirAsia website did promote it for a while and then dropped that when India and Korea routes were launched. I am of the opinion that D7 is forced to fly Tehran because MH does not want it. D7 might be required to fly Tehran if it wants the more juicy Jeddah rights...

KC, My view is a little different - I hold the view that MSA split up because Malaysia wanted to use the airline as a VIP transport for ministers and other govt. officials. Singapore, on the other hand, is more concerned that the airline makes money and fulfils its business potential. This has been proven as post split, MH was used and abused by the govt. ministers and civil servants. If you look at the UK, British Airways or Virgin always gets a govt. contract if they carry govt. ministers. Otherwise they have to use RAF transport.

It is unlikely as flight will take more than 4 hours. See: http://www.travelmath.com/flight-time/from/ICN/to/BKI Unless D7 opens a hub in BKI, you will have to use other airlines.

Thai Tiger: Thai Airways puts the Tiger among the pigeons. Regional liberalisation the likely winner Thai Airways and Tiger Airways are to form a joint venture, “Thai Tiger”, to operate international and domestic Thailand domestic point-to-point services. The new JV, to be owned 51:49 by Thai Airways and another "Thai entity", raises the bar in low cost airline operations competition in Asia and could have a major impact on the pace of airline liberalisation in the region. Until now, the Thai government has been highly protective of its flag carrier and has been threatening to drag the chain on the ASEAN multilateral timetable for moving towards open skies for Southeast Asian airlines. This position could now soften, as high cost Thai Airways will have the opportunity to meet competition on a more equal footing. Some of this competition comes from AirAsia’s JV, Thai AirAsia, as well as from its own JV in low cost airline Nok Air (in which Thai currently holds a 39% stake). According to a Tiger/Thai Airways media release this morning, the new airline is to be based in Bangkok, operating “international and domestic flights out of Suvarnabhumi International Airport offering short-haul, point-to-point services within a 5-hour flying radius.” The agreement has clearly been consummated quickly in the last few hours, as a hastily arranged media conference is to be called later this morning. Tiger is due to report later this week and would have been keen to have the announcement out in the open in advance. In the media release, Thai President, Mr. Piyasvasti Amranand, was personally quoted as saying, "we are pleased to partner with Tiger Airways in establishing Thailand's newest airline, Thai Tiger. With its disciplined approach to the low-cost model, Tiger Airways has proven that it has the right approach to competing effectively in the growing low fare travel market in Asia. For people in Thailand and the region, our launching Thai Tiger will mean that in addition to the global network of premium services operated by THAI, more people will have access to new low fare, point to point services, giving a big boost to tourism and employment.” Full article: http://www.centreforaviation.com/news/2010/08/02/thai-tiger-thai-airways-puts-the-tiger-among-the-pigeons-regional-liberalisation-the-likely-winner/page1

Yes I guess accountants know that if you run out of cashflow, you run out of business i.e. close shop. End of story! That is one of the reasons why CX ordered the A350s - economics was better than the A380s. I think they were referring to belly cargo and not full freighter configurations.

Might be because the flying time is more than 4 hours. Those cramped A320s are not comfortable for long flights. Or they might follow the TPE method and let D7 establish the market first before AK moves in.

I think they have no choice but to defer the deliveries because: 1 LCCT is delayed 2 VietJet AirAsia stalled due to Vietnamese govt. protection - so they are not sending any planes there. Thai and Indonesia AirAsia's fleets are almost complete 3 They are running out of new routes - that is why they are now considering Australian domestic ops 4 They need to take a breather to consolidate. The customer service issues must be improved before they grow again 5 When those new planes come in 2015, they might want to think about selling their older planes So overall business outlook may not be that great from now on. Malaysian govt. is also not helping much with their problems with bureaucracy. So they do need to slow down - otherwise cash outflows will bleed them!

SQ has already reported a 16% lower operating cost on the A380 (per seat). So this is nothing new. Analysts were slow to pick up the facts! Actually what I would like to see is total cost of ownership numbers. MH's old (but lower capital cost) B744s vs new (but high capital cost) A380s. Will the B744's lower capital (or leasing) costs be able to ameliorate the higher fuel and maintenance costs? At the end of the day, total costs of ownership will show on the bottom line. The A380 will cost more to buy while MH's old B744s may already be paid for or substantially paid for. The A380 will also cost more to run, if pax load factors is insufficient to cover the higher running costs.

Asia's largest budget airline has deferred the delivery of seven A320 ordered from European planemaker Airbus to 2015 instead of next year. Asia's largest budget airline, AirAsia Bhd (5099), has deferred the delivery of new aircraft for a third time, blaming capacity constraints at the existing low-cost carrier terminal (LCCT-KLIA) in Sepang. It has deferred the delivery of seven A320 ordered from European planemaker Airbus to 2015 instead of next year. AirAsia's deferment now numbers 23 A320. It postponed the delivery of new aircraft for the first time in July last year, for eight A320 it was to have received this year. The second deferment was in October, for another eight slated for delivery next year. The latest deferment brings the number of new planes to be delivered next year down to eight and those it will receive in 2015 up to nine. The orders in 2007 for a total of 175 A320 were initially over delivery schedules from 2010 to 2014. In 2007, the airline was still operating out of the existing LCCT-KLIA. "Until the new LCCT is constructed, the current infrastructure at the low-cost terminal is not able to accommodate AirAsia's fleet expansion in the number of aircraft originally scheduled to be delivered in 2010 and 2011," it told Bursa Malaysia yesterday. The new LCCT is expected to be ready by March 2012. When announcing the first set of deferments in July last year, AirAsia group chief executive officer Datuk Seri Dr Tony Fernandes had said that it would deploy most of the planes to its Indonesian and Thai operations. The latest deferment appears to point to a change in its plans. Fernandes had warned of another round of deferments during its first quarter teleconference with analysts and media in June. He said the airline would look to reducing rollouts to match cash flow. "We want to maintain our current gearing level," Fernandes had said. AirAsia's net gearing ratio as at March 31 this year was 2.25 times. Source: http://www.btimes.com.my/Current_News/BTIMES/articles/paff-2/Article/index_html#ixzz0vhSBPNF4

Two of SIA’s four daily flights linking Singapore with Sydney will soon be operated by A380 super jumbos, an increase on the current one A380 flight per day. The remaining two flights will be given over to smaller B777-200 aircraft. The move, which takes effect from October 31, means that SIA will be able to fly an extra 200 or so passengers a day each way on this increasingly popular route. SIA will roster the A380s for both its overnight Singapore-Sydney flights. In the return direction, the A380s will, as at present, be used for one of the morning flights out of Sydney. But SIA’s long-standing teatime service (which connects at Singapore with the overnight flights to Europe and which was downgraded to a B777-300ER earlier this year – see online news February 3) will be restored to an A380 operation. Full report: http://www.businesstraveller.com/news/sia-boosts-a380-sydney-flights

Airbus Press Release Cathay Pacific Airways today announced that it has selected the all-new A350 XWB to form the backbone of its future mid-size widebody fleet, following the signature of a Letter of Intent (LOI) with Airbus for the order of 30 aircraft. The Hong Kong-based airline has selected the A350-900 variant of the aircraft, which is capable of flying over 8,000 nautical miles non-stop. This will enable Cathay Pacific to operate the aircraft across its route network, including its non-stop flights to Europe and North America. The aircraft will be powered by two new generation Rolls-Royce Trent XWB engines. "The A350-900 is a perfect fit for the development of our fleet. This is a mid-size long haul aircraft that is fuel efficient, and provides the kind of capacity, range and operating economics that we need to complement and enhance our existing fleet,” said Cathay Pacific Chief Executive Tony Tyler. “The delivery schedule fits our requirements very neatly. The 30 new aircraft will be deployed to replace older aircraft and grow our fleet to meet the challenges of the future.” He added: “The purchasing process has been a rigorous and competitive one which has produced the best result for Cathay Pacific at the end of the day." “We are honoured that Cathay Pacific Airways as one of the most prestigious and well managed airlines in Asia has selected the all-new A350 XWB over the competitor’s offering. We are equally pleased to welcome Cathay Pacific as our first Chinese customer for the A350”, said John Leahy, Airbus Chief Operating Officer, Customers. “The strength of our all-new, long-range, eco-efficient airliner has evidently ticked all the boxes in this very tough and professional evaluation. Offering a 25 per cent reduction in fuel-burn, the A350 XWB will enable Cathay Pacific to benefit from the lowest operating costs of any aircraft in this size category, while offering its passengers the highest levels of comfort and premium service for which the airline is renowned." The A350 XWB (Xtra Wide-Body) Family is an all-new mid-size long range product line comprising three basic passenger versions seating between 270 and 350 passengers in typical three-class layouts. Scheduled for entry-into-service in 2013, the A350 Family is already one of most successful aircraft programmes ever, with a total of 535 firm orders

Unlike MH, CX has a different network that has different demands on their fleet. If you take a look at their A333's ( http://www.planespotters.net/Production_List/search.php?manufacturer=Airbus&subtype=A330-300&fleet=1788&fleetStatus=1 ) the average age is way below that of MH's. Their fleet mix is quite different. I do not see much of a correlation or similarities between MH's and CX's aircraft selection.

Cathay Pacific Airways has signed a letter of intent to purchase 30 Airbus A350-900 aircraft, and plans to exercise purchase rights for six Boeing 777-300ERs. The total value of the aircraft purchases is about HK$75 billion ($9.7 billion) at list price, says the Oneworld carrier. The A350s, to be powered by Rolls-Royce Trent XWB engines, have a catalogue price of about $7.8 billion. The General Electric-powered 777s have a list price of $1.6 billion. Cathay expects the A350s to be delivered between 2016 and 2019. The A350-900, which will enter service in 2013, will "form the backbone of Cathay Pacific's future mid-sized wide-body fleet", says the carrier. It will operate the aircraft across its route network, including on non-stop flights to Europe and North America. "The A350-900 is a perfect fit for the development of our fleet - a mid-size long-haul aircraft that is fuel efficient, environmentally friendly, and provides the kind of capacity, range and operating economics that we need to complement and enhance our existing fleet," says Cathay's CEO Tony Tyler. "The delivery schedule fits our requirements very neatly. The 30 new aircraft will be deployed to replace older aircraft and grow our fleet to meet the challenges of the future." Under the letter of intent with Airbus, Cathay will pay a non-refundable commitment fee of $4.5 billion for the A350s, says the airline. It plans to make a further announcement once it enters into a formal purchase agreement with the airframer. Separately, the airline agreed to exercise purchase rights for six 777-300ERs, on top of 30 777s already on firm order. Cathay has received 18 of the 30 777s and expects the remaining 12 to arrive by 2013. The aircraft will be operated on routes to North America and Europe, says the airline, which has a fleet of 128 wide-body aircraft currently. Source: http://www.flightglobal.com/articles/2010/08/04/345740/cathay-to-purchase-30-a350s-and-six-777s.html

Yes, D7 tends to introduce new routes at RM 99 or RM 129. If you add 15 kg luggage and one meal, the total will be RM 300 return. Before the days of AirAsia, that will not even be enough to buy a KUL-KCH ticket on MH!

A Katekavia Antonov AN-24, registration RA-46524 performing flight KTK-9357 from Krasnoyarsk to Igarka (Russia) with 11 passengers and 4 crew, was on a final ILS approach to Igarka's runway 12 in night conditions, light rain, low cloud, reduced visibility and thunderstorm activity in the area, when the airplane impacted ground about 700 meters (2300 feet) short of the runway at around 01:40L (17:40Z Aug 2nd). The airplane broke up and burst into flames. Russia's Ministry of Emergency stated, that three crew (both flight crew and one flight attendant) and one passenger survived the crash with serious injuries contradicting initial reports that everybody on board perished. More here: http://avherald.com/h?article=42f1b7df&opt=1

KUALA LUMPUR, Aug 2 (Bernama) -- AirAsia X, the Malaysian based long haul, low-fare airline Monday announced its latest international route, Kuala Lumpur to Seoul, South Korea. In a statement Monday, AirAsia X said it would fly direct to Incheon International Airport from Kuala Lumpur, starting from November 1, with direct daily flights. AirAsia X will be offering fares from RM99 for the travel period from Nov 1, 2010 to August 11, 2011. This new destination could not have come at a better time, as it will coincide with major school holidays and year end festivities, said AirAsia X Chief Executive Officer, Azran Osman-Rani. He said the airline was confident the new route will encourage new travel demands and stimulate tourism growth. "We estimate that more than 60 per cent of AirAsia X passengers to and from Seoul will be first time visitors, which will contribute significantly to tourism growth," Azran Osman-Rani added.

Well AirAsia X will fly all routes over 4 hours. That is why KUL-TPE is operated by A333 but BKI-TPE is on the A320.

Boeing Co. said second-quarter earnings declined 21 percent on fewer plane deliveries, and reduced its projection for profitability at its defense unit on slower U.S. military spending. Net income fell to $787 million, or $1.06 a share, the world’s biggest aerospace company said in a statement today. Boeing maintained its forecast for earnings for this year. Airlines are placing more orders as they recover from the recession more quickly than expected, while militaries are under budget pressure, said Chief Executive Officer Jim McNerney. The Chicago-based company trimmed its forecast for the operating margin of its defense unit, which accounts for more than half of revenue, by half a percentage point to 9.5 percent in 2010. “You’re seeing segments of the defense business show some serious weakness,” said Kenneth Herbert, an analyst with Wedbush Securities in San Francisco. “For many years, the defense business was a nice floor on valuations, but if that’s going to weaken further relative to expectations, that’s a concern for investors.” Boeing will make up airliner shipments in the second half of the year to hand over as many as 465 jets and still may double full-year profit to as much as $3.80 a share, Chief Financial Officer James Bell said on a conference call. The company raised its annual forecast for the commercial unit’s margin by 1 percentage point to as much as 8.5 percent. Shares Drop Boeing, second to Airbus SAS in commercial aircraft and to Lockheed Martin Corp. in defense contracting, fell $1.30, or 1.9 percent, to $67.32 at 4:15 p.m. in New York Stock Exchange composite trading. The shares has risen 24 percent this year. Sales fell 9.2 percent to $15.6 billion in the second quarter, missing analysts’ $16.2 billion average estimate compiled by Bloomberg. Earnings beat the $1.01-a-share average estimate of 20 analysts. The defense segment’s operating margin decreased 1.2 percentage points to 8.9 percent as sales fell in every area except military aircraft. That outpaced the decline in the commercial-jet division, where operating margin fell 0.5 percentage point to 9.2 percent. The total backlog declined 1 percent from the end of March to $312 billion, as the defense unit’s deliveries exceeded new orders. 777 Output Boeing, which gets the bulk of its payments upon delivery, shipped 8.8 percent fewer planes in the period amid a production gap between a new and old jumbo-jet model and delays due to defective seats from a supplier. The company also began cutting output of the 777, a plan put in place last year when orders collapsed during the recession. Commercial production is set to accelerate starting next year because airlines are clamoring for new jets amid a pick-up in air-travel demand that Boeing said last week had spurred it to lift the internal orders forecast twice this year. The company also plans to begin delivering the latest 747 model and the new 787 Dreamliner by the beginning of 2011. “We were expecting lighter revenue given the lower commercial-aircraft deliveries,” said Peter Arment, a Gleacher & Co. analyst in Greenwich, Connecticut, who recommends buying the stock. “The production ramp continues unabated and that ultimately is going to drive the earnings momentum at Boeing.” Delivery Targets Boeing had planned to hand over the first 787 to Japan’s All Nippon Airways by December, which would have been more than 2 1/2 years late, and to ship the first 747-8 to Cargolux Airlines International SA by then as well, more than a year behind schedule. McNerney repeated comments from earlier this month that both those goals may now slip into January, adding that the 747-8 bears a higher risk for a delay. “On the 747-8, there are a couple of workmanship issues and a design issue or two that we’re working through,” McNerney said. The 787’s possible hindrances have to do with documentation for certification from the Federal Aviation Administration and longer down-time between tests while engineers change telemetry instrumentation, he said. In 2011, sales will exceed this year’s projection of as much as $66 billion and operating cash flow will be more than $5 billion, recovering from zero this year, Boeing reiterated. This year’s surge in orders -- already higher than all of last year -- will be “modestly less” than the record three- year run-up in purchases through 2007, McNerney said. Source: http://www.bloomberg.com/news/2010-07-28/boeing-posts-21-drop-in-second-quarter-profit-after-delivering-fewer-jets.html

Malaysia Airlines (MAS) (3786) is looking at possibly parking the two A330-200 freighters due for delivery next year in air cargo arm Malaysia Airlines Cargo Sdn Bhd's (MASkargo) balance sheet. The move would bolster MASkargo's financial situation in the way of tax deductions and other benefits. "We are looking at that quite closely. Whether it's in MAS or MASkargo, it doesn't matter as, operationally, it's exactly the same. It's more a financial standpoint. At the moment, we haven't finalised, but there is a possibility," MAS managing director and chief executive officer Tengku Datuk Azmil Zahruddin said in an interview in Kuala Lumpur. One of the main hurdles to such an arrangement would be to secure financiers for the two planes should they be taken over by MASkargo. "Financiers are used to financing MAS. So if you talk about MASkargo, they'll go like, 'Who's that?'. So that's some of the hurdles there," Tengku Azmil said. The freighters are scheduled to be delivered towards the end of next year. "We haven't finalised the financing process for those yet. So it (the decision on balance sheet to include the freighters) will happen before their financing is called," Tengku Azmil added. MAS also has an option to take on another two A330-200F under its agreement with Airbus. A decision on the option will have to be made by August next year. Tengku Azmil said the long-term outlook for cargo in Asia is good, adding that he expects increasing cargo flows within Asia and between Asia and other points in Europe, the US, Australia and Africa. "We do see cargo as a good market to be in and, in a sense, buying the aircraft is our commitment to the business." MASkargo provides freighter services to Penang, Dubai, Basel, Amsterdam, Frankfurt, Shanghai, Taipei, Osaka, Hong Kong, Sydney, Melbourne, Malpensa and Guangzhou. It owns two Boeing 747-400F and leases four Boeing 747-200 freighter aircraft. It also offers passenger belly space capacity, through parent MAS, to over 100 destinations across six continents. Source: http://www.btimes.com.my/Current_News/BTIMES/articles/pjsm2/Article/index_html#ixzz0vQe2kQry

Malaysia Airlines is finalising the financiers and the priority is for the Boeing 737-800 that is coming in this October National carrier Malaysia Airlines (MAS) (3786) has shortlisted six candidates to finance its 22 new aircraft to be delivered from October this year until 2012. "We issued the request for proposals (RFPs) and received an overwhelming response of 60 (proposals). We are very pleased with the response, especially when you think about what the market was like last year and the year before," MAS group managing director and chief executive officer Tengku Datuk Azmil Zahruddin told Business Times in Kuala Lumpur. He attributed the interest to the airline's strong balance sheet and good cash balance. In its first quarter ended March 31 2010, MAS had a cash horde of almost RM3.2 billion. The RFPs sent out were for 14 Boeing 737-800 and eight Airbus 330-300. The Airbus delivery will begin from April next year. "We are in the process of finalising the financiers. The priority is for the Boeing 737-800 that is coming in this October," Tengku Azmil said. He said MAS aims to firm up the financiers for the first Boeing plane by month-end, but did not rule out the possibility that negotiations could come down to the wire. "It is common to be negotiating (for financing rates) until the last day of delivery. It happens to many airlines, and has happened to us before. So I don't discount that from happening," said Tengku Azmil. MAS is looking to a mix of financing options for the planes. Although securing the best rate is a key factor in MAS' choice of a financier, the latter's expertise in a certain financing structure is also an important consideration, Tengku Azmil said. Four financing options commonly used by airlines are operating leases, tax lease structures, export credit agency (ECA)-backed structures (which involve government guarantees) and commercial debt. An operating lease involves the sale and leaseback of the aircraft, while a tax lease structure lets the airline own the plane at reduced costs. In keeping with MAS' strategy to lease one-third of its fleet at all times, it will opt for operating leases to fund the new planes coming in from October. When asked if Penerbangan Malaysia Bhd (PMB) would be one of the lessors among the six financiers, Tengku Azmil declined to comment. "We don't exclude local (lessors), but the Europeans tend to dominate the aircraft-leasing market and whether PMB can be competitive against all those who join becomes the question," he said. Under the Widespread Asset Unbundling agreement between MAS and PMB, PMB has first right of refusal for operating leases if it can match the best rate offered to MAS. Tengku Azmil added that ECA-backed structures are a financing option used for some aircraft when an airline has a large number of orders, while tax lease structures, which are complex in nature, can provide good financing rates. For instance, the 17 ATRs MAS owns are fully financed through a mix of financing structures: nine on Japanese operating leases, five through ECA-backed term loans, and three through Islamic financing. Source: http://www.btimes.com.my/Current_News/BTIMES/articles/pjsm1/Article/index_html#ixzz0vQagaJOM

Last time I went to Farnborough was in 1990 and we had the famous SU-27s and MiG-29s doing their cobra stunts. D7 is going to Paris next year - so maybe it is time to visit the Paris Air Show again. Last time I was there, a MiG-29 crashed!

Looks like BKI is going to be the MH's B738 international hub as it tries to improve East Malaysia's connections to the world. Previously it was not economic to operate international flights using wide bodies due to lower demand. So the B738 gives MH something they never had before - a good way to expand the MH network.

I think AK is more aggressive in flight cancellations this year so that load factor is higher. Load factor numbers may not tell the whole story!

More South Koreans To Visit Malaysia With AirAsia X Daily Flights SEOUL, July 30 (Bernama) -- Malaysia will receive more tourists from South Korea when budget long haul airline AirAsia X operates daily Seoul-Kuala Lumpur flights starting November. Tourism Malaysia deputy director Said Zulkifli Said Ahmad said flights between Incheon International Airport (IIA) and KL International Airport (KLIA) will be launched in Seoul on Aug 2. He said the Kuala Lumpur-Seoul daily flights would increase South Korean tourist arrivals to Malaysia to 300,000 compared to 250,000 last year. "Tourism Malaysia will campaign hard as South Koreans usually travel during the winter months of November until February," he told Malaysian reporters at his Seoul office in Hansung Building here Friday. Korean tourists who comprise mostly golfers, environmentalists and scuba divers love to visit Malaysia as the country has a lot of destinations to offer. "They love Sabah for the many golf courses, rich marine life and the protected environment." Tourism Malaysia is promoting the country via Korea Travel Fair (KOTFA), Malaysia My Second Home (MM2H) programme, Malaysian Food Festival and Busan Travel Fair. Said Zulkifli said about 500 South Korean families had joined the MM2H programme. Some 90,000 Malaysians visited South Korea annually. Malaysians captivated by TV series 'Winter Sonata' and 'Autumn In My Heart' usually visit Seoul Tower and shop at Itae Won, Dong Dae Mun and Nam Dae Mun. He said Malaysia could market TV series to Korea now that the novel `Nyawa di Hujung Pedang' had been translated into Korean language. The novel written by Ahmad Murad Nasaruddin was launched by Deputy Prime Minister Tan Sri Muhyiddin Yassin during his visit to South Korea which ended yesterday.

BUDGET carrier AirAsia Bhd (5099) released preliminary operating statistics for itself as well its two Indonesian and Thai affiliates yesterday, in a move seen to not only bolster investor confidence but also provide more clarity on the airline, and its affiliates. This is the first time, the airline has given out such detailed operating statistics, even to analysts, before the release of its quarterly results. Its second quarter of 2010 results should be out by the end of August. Analysts have been privy to preliminary operating statistics prior to its quarterly announcements for some years now, but this is the first time that Indonesia and Thailand statistics have been included. It is also the first time the report has been released to the media. The move comes following the promise for more clarity on its operations and the AirAsia group's plan to list three of its affiliates, long-haul budget carrier AirAsia X, Thai AirAsia and Indonesia AirAsia separately. According to the preliminary statistics, AirAsia carried 10.6 per cent more people in the second quarter of 2010, compared with a year ago. Load factor, grew to 77 per cent from 75 per cent in the previous corresponding quarter, despite a 7.5 per cent increase in capacity. The all important yield performance, which is considered sensitive information to the stock exchange, however was not disclosed. On Indonesia AirAsia, the statistics showed that the subsidiary carried about 10 per cent more passengers during the second quarter of 2010 compared with 2009. Load factor maintained at 75 per cent though, as capacity grew in tandem with the number of passengers the airline carried. Thai AirAsia carried 11 per cent more passengers and, managed to grow load factor to 75 per cent for the quarter, compared with 70 per cent in the second quarter of 2009. The month of June was the only time the carrier saw a decline in passenger numbers for the quarter, with a 5 per cent decline in passenger traffic. Thai AirAsia also cut capacity by 6.1 per cent during the month compared with 2009. "Their reputation took quite a hit in 2008, with the fuel hedging issue, so I think it's their way of addressing those issues as well as trying to allay some of the confusion which has been surrounding AirAsia and its affiliates," an analyst who declined to be named said. The public can look forward to more such releases, as AirAsia plans to make it a permanent fixture in the airlines' corporate calendar. Source: http://www.btimes.com.my/Current_News/BTIMES/articles/paas1/Article/index_html#ixzz0v8Yg6K7A