KK Lee
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Posts posted by KK Lee
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4 hours ago, Dr Frasier said:Malaysia Airlines to commence second daily flight to Doha from 01Aug2022
MH164/165 will also be operated by A330
MH164 KUL0255 – 0515DOH 333 D
MH160 KUL2120 – 2350DOH 333 D
MH161 DOH0150 – 1440KUL 333 D
MH165 DOH0805 – 2055KUL 333 DReservations are not open yet so still subject to change
Believe most pax on these flights would be on qr ticket, to allow qr to reassign their aircraft to other routes.
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It seems mab is still largely dictated by the government, don't have strategic plan or realistic business model.
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On 1/17/2022 at 5:39 PM, JuliusWong said:KUALA LUMPUR (Jan 17): MYAirline Sdn Bhd (MYAirline), a newly-established ultra low-cost carrier (ULCC), is expected to be launched soon, sources said, noting that it will challenge AirAsia Group Bhd’s dominance in the budget airline industry.
A check on the Malaysian Aviation Commission’s (Mavcom) website by theedgemarkets.com showed that the new ULCC, which was previously registered as Z9 Elite Sdn Bhd, has been granted conditional approval for an air service licence (ASL) by the commission on Dec 22, 2021. The licence is valid for 12 months from Jan 1 to Dec 31, 2022. An ASL allows the licence holder to conduct scheduled passenger and cargo services like those of Malaysia Airlines Bhd and AirAsia.
MYAirline’s filing with the Companies Commission of Malaysia (SSM) revealed that it has two million shares at RM1 per share, amounting to RM2 million in paid-up capital.
“Credible information that a new ULCC is currently in the process of seeking regulatory approval to set up in Malaysia, having signed deals to lease two Airbus A320s at cheap leasing rates,” CGS-CIMB Research aviation analyst Raymond Yap wrote.
The shareholders made up:
- Zillion Wealth Bhd (88%)
- Trillion Cove Holdings Bhd (10%)
- Rayner Teo Kheng Hock (2%)
Directors are:
- Datuk Goh Hwan Hua - shareholder of both Zillion Wealth and Trillion Cove
- Datuk Abd Hamid Mohd Ali - previously the COO of MAHB between 1992 and 2016.
- Datuk Seri Azharuddin Abdul Rahman - formerly DG of Malaysian Civil Aviation Department (DCA) and former chairman of (CAAM) between 2008 to 2018.
- Rayner Teo Kheng Hock - previously AirAsia’s group head of sales and distribution between 2004 to 2020.
- Jothi Prakash Murugan - has a background in information technology (IT) and serves as a director of Trillion Cove.
Let me see, shall we take a bet how long it will last? The main shareholding companies sound very doggy. Datuk Goh Hwan Hua is the guy behind i-serve raided by BNM 2 months ago. I would say be careful........https://forum.lowyat.net/topic/5215870/+60
On 1/20/2022 at 3:29 PM, michgyver said:Datuk Goh, founder of i-serve scam, raided by BNM 2 months ago for illegal deposit taking. Becareful.
Sound like, smell like, look like
money game -
Granted aoc is probably the easiest and least costly task. many under estimated amount of cash needed to sustain the operation before cash flow positive.
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Believe mas incurred less losses in the last two years than before.
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On 1/25/2022 at 10:24 PM, flee said:I think Malaysia is still in the FAA's Category 2 and I doubt any new routes will be approved. London has never made profits, so unless they make a concerted effort to include more cargo, it will be another loss maker. I think London will need to be a 1 stop flight as the A333 cannot make it without load restrictions.
It will be interesting to see if their A321s will have premium seats and keep the pax limit to about 200 to save on cabin crew.
Cambodia keeps inviting foreign companies to set up airlines - are those set up by Chinese companies are not up to their government's expectations? I wonder what else can an Airasia Cambodia do to improve the situation for a country where the population are too poor to fly on a regular basis.
On 1/25/2022 at 4:16 PM, JuliusWong said:Either, AirAsia X will need to send their aircraft to whichever location the lessor dictates them to do so. Most of them would ask AirAsia X to send to LH Teknik at MNL, once completed fly them to CRK for longer storage. Occasionally lessors do ask for Singapore. If I remember correctly, the A340s previously did their pre-delivery maintenance at SIN and lease return check at MNL. I do think 9M-XBE is gone for good, the last densely configured A330-300ceo.
Based on my insider's news, Tony remains very upbeat on AirAsia X, they are applying for London, New York and Los Angeles now while waiting for the borders to re-open. Not sure if he has woken up and smile the coffee tbh....... They will have around 12-15 A330-300 after lease returns depending on negotiation. They have applied for government grant to support the airline but due to gomen bureaucracy, it is now stuck, so they need to look for new finance source. The 15 A330-900 delivery has been pushed back to 2026-2029, depending on the region recovery. 20 A321XLR delivery from 2024 onwards and will replace all four-to-six hours routes, again depending on the region recovery.
He will visit Cambodia soon to set a new airline there, AirAsia India is in the process of winding down. Some of their A320ceo are now being transferred/ returning to AirAsia Malaysia fleet.
Almost anyone with cable and deep pocket could obtain aoc in cambodia. those chinese funded or controlled cambodian airlines was intended to bring gamblers and investors from prc to sihanoukville. it may be relatively easy to obtain aoc but operating environment is a different story.
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6 hours ago, flee said:Yes, they have good examples in VietJet and Cebu Pacific...
More worrying is that they might be preparing to liquidate D7 if the restructuring does not work because Covid is still very much a big problem for international travel.
d7 current business model of operating a333 only is not feasible. for d7 to sustain, a change of business model is essential.
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On 12/31/2021 at 7:17 PM, flee said:Special Report: Malaysia Airlines turns cash-flow positive in October, 2023 breakeven target in sight
Without sharing network planning, it is difficult to judge whether 'cash flow positive in october 2023' is realistic or not. if previous attitude remain, mas will need ltbt x.0.
rm3.6 billion is sufficient to start a new airlines and have a better chance to success.
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2 hours ago, flee said:Malaysia Airlines seeks UK court to complete debt restructuring by 1Q
Either plan a or b, creditors will loss and the management remain unchanged. old wine in new bottle.
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22 hours ago, Chris Tan said:Sounds more like a termination than seasonal suspension....
😨I have substantial credit with BA.
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China’s aviation regulator is recommending cabin crew on charter flights to high-risk Covid-19 destinations wear disposable diapers and avoid using the bathroom to reduce the risk of infection.
The advice comes in a 38-page list of guidelines for airlines to prevent the spread of coronavirus. The sixth edition echoes similar instructions in previous, less lengthy versions.
The Civil Aviation Administration of China said the recommendation applies for charter flights to and from countries and regions where infections exceed 500 in every one million people.
The diaper advice is in a section on personal protective equipment, which also recommends the following for cabin crew:
- Medical protective masks
- Double-layer disposable medical rubber gloves
- Goggles
- Disposable caps
- Disposable protective clothing
- Disposable shoe covers
Flight crew should wear masks and goggles, but they don’t need diapers.
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13 hours ago, jahur said:Might not be as feasible. Infact Saudi Arabian Airlines is the best choice for Indonesians now its direct and cheaper than Garuda and they are allowed multiple frequency into Jeddah compared to other carriers. Might expect them to expand with mab and thai pulling out.
Saudi airlines will face same weight limit.
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2 hours ago, jahur said:Umrah is all year round only Haj is seasonal. Indonesia does occasionally lease a few European based charter like wamos air though its for Haj only. Jakarta 3 runways is still not rated for 340 tonne above weight aircrafts lol. So high density 748s 77w and a380 still cant land there.
744, 77w and a380 could refuel at sin or kul.
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6 hours ago, jahur said:Heard the planes will no longer leased by mab and will be put on long term storage until another buyer or leaser comes(highly unlikely as the spec mab configured is too low spec interested party like Emirates and BA have turned away due to this).
As for Indonesia even with a large bulk of 330s it wont he able to suffice Saudi's strict slot timing restriction. Unless Garuda sends 400++ seaters and reduce the frequency. A big margin of Indonesians have also used Thai airways but now thai is also not keen on doing feeder umrah and haj. Friends in indonesia have complained the haj umrah fares by lion and garuda to be very pricey when compared to flying with Saudia and other Carriers.
As haj umrah is seasonal, wet lease 773, 744, A380 is an option.
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KUALA LUMPUR -- Low-cost carrier AirAsia said it has halved its fixed costs and is exploring its options to raise working and operating capital, including selling spare aircraft engines, as the airline continues to struggle because of travel bans imposed in Malaysia, Indonesia and Thailand -- three of its core markets.
The airline's sales fell 86% to 442.9 million ringgit ($108 million) for the third quarter ended Sept. 30, compared with 3.07 billion ringgit in the corresponding quarter last year. Its net loss widened to 851.78 million ringgit from 51.4 million ringgit previously.
The third-quarter performance brings the airline's year-to-date sales down to 2.87 billion ringgit from 9.07 billion ringgit over the same period of the previous year. It has recorded a net loss of 2.66 billion ringgit for the cumulative nine-month period.
https://asia.nikkei.com/Business/Transportation/AirAsia-seeks-sources-of-cash-as-net-loss-widens
Unless major shareholders like tf subscribed to right issue, not many banks will extend substantial loan to aagb.
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KUALA LUMPUR -- Malaysia's finance minister has sent a strong signal that Malaysia Airlines will benefit from state financial support to ensure its survival, as talks continue over a possible debt restructuring to salvage the national flag carrier.
Tengku Zafrul Abdul Aziz told Nikkei Asia that MAS' sole shareholder Khazanah Nasional -- a state wealth fund wholly-owned by the government -- has been told to put the airline in a "position of strength" to support the domestic economy after the COVID-19 pandemic.
"The Ministry of Finance has spoken to Khazanah and asked them to ensure that MAS continues to be in the position of strength to support the economy when it recovers," said Tengku Zafrul, an ex-banker who was appointed in March.
Funding is guaranteed. old wine in new bottle.
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19 minutes ago, flee said:Unfortunately, the creditors (especially aircraft lessors) are facing the same issues worldwide - all airlines are requesting some concession or another. So, it really depends on how important your account is to them and also what your business prospects are for the future. MAB has been flying around aimlessly the past few years and does not seem to have a viable plan for the future. I think many creditors will not agree to their plan.
It is unworthy and waste of resources to prolong zombie company.
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14 minutes ago, flee said:I think that the best course of action for Airasia X is to liquidate, if creditors are going to object. However, much will depend on what Airbus and Rolls Royce decides.
D7 business model is unsustainable, liquidation is the only sensible business and financial solution.
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"Our partners and creditors will have to sacrifice for the better of the future," Izham Ismail, group CEO of Malaysia Airlines, told The Edge Malaysia newspaper in mid-October. "If they don't want to help themselves to survive, I have no choice but shut it down."
Malaysia Airlines revealed that it entered into debt restructuring negotiations with creditors in early October. The airline called on leasing companies and suppliers to cooperate with the turnaround effort. If the creditors had agreed, the restructuring would have been completed within the next few months, according to Malaysia Airlines' plan.
Not every creditor could take such arrogant attitude from debtor.
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In this unprecedented industry crisis, British Airways’ owner IAG SA still managed to land almost $1 billion by selling points to American Express Co., while others including Delta Air Lines Inc. and United Airlines Holdings Inc. laid down their programs as security against billions of dollars of loans and bonds.
Some airlines are making more income from loyalty than flying, a handy lifeline when global air travel has been sliced in half. Qantas Airways Ltd.’s membership division was the airline’s biggest source of earnings in the year ended June. The Australian carrier expects the unit to make as much as A$600 million ($430 million) in profit by June 2024, almost double the current figure.
A reason why mh is unprofitable.
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22 hours ago, jahur said:Poor Maritime surveillance effort that everyday we see 30-40 Undocumented immigrants sneaking in per 1% of them rounded up has covid for that matter. While the gov big brain idea was to post an additional 8k soldiers to east coast without giving them proper radar equipment and ships to efficiently scan over the seas.
Understand rmn took delivery of 6 boeing scaneagle last may. ideally, 2 units are on duty 24/7.
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2 hours ago, flee said: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
As said many times, D7 business model with a333 is basically not sustainable.
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6 hours ago, jahur said:Yes and how many conglomerate folks like Lion air Group or FLC groups are there in Malaysia? You need to be a multi billionaire with political connections to start up an airline not a RM2 dollar bargain hunt fella.
The logistic demand and air export is regular. Have you even been to East Malaysia for that matter? Note that how the previous state gov of Sabah fell under Kadazan Dusun Murut votes by the lackluster efforts of Warisan? Roads were in better shape prior to 2017. Contracts for town upkeep in were terminated and nobody in the public wanted to take up until 2020. Engineers were laid off for the Pan Borneo Highway projects. Poor Maritime surveillance effort that everyday we see 30-40 Undocumented immigrants sneaking in per 1% of them rounded up has covid for that matter. While the gov big brain idea was to post an additional 8k soldiers to east coast without giving them proper radar equipment and ships to efficiently scan over the seas. The gov only spends 1.1 % of its gdp on military budgeting whereas vietnam and Philippines were at least spending above 3% heck even philippines increased to 11% now under Duterte. While all the previous and current gov of Malaysia could think about is how scared they are to raise the GDP debt ratio to 68% from 53% while giving out stupid b40 cash handouts when it can be given out to save jobs instead.
In this country, with gomen contract in hand and strong cable, one could outsource while setting up a airline and obtain finance.
shafie apdal was too focus on his tribe and neglected the rest, and deserved to be ousted.
due to historical and cultural connection, sabah east coast border is porous. unless shoot to kill curfew is enforced, undocumented immigrant is almost impossible to stop.
a reason why mindef is poorly funded is due to previous excessive procurement.
pan borneo highway contract was a shambles from bn regime and didn't improve under pr gomen.
taxpayers will eventually need to pay for gomen borrowing and handouts. believe our economy will continue to fall behind our neighbours.
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2 hours ago, jahur said:You do realise the 2 hour a400m flights cost easily 210k one way? Try multiplying that 5x weekly? Its still cheaper over the 330 so should the gov purchase more heavy cargo transporter for the air force? You also have to take account of commercial cargo such as the 2x weekly 15 tonne construction material Hanoi to kk, OnG logistic items Labuan to Hong kong cannot be carried by them. Should rmaf operate commercially? Doesnt sound right. Will the foreign cargo airliners based 2 twin engine widebody freighters in East Malaysia to replace them? Or should the gov kick up Raya Airways to add more planes asap? These should be the questions answered immediately if mab is to close. Not blubbering about debt.
Infact airasia should really hold on to Airasia X as a potential replacement for mab instead of downsizing it to just 2 set crew and 1 a330.
If this demand is regular, there won't be a shortage of entrepreneur
cronyto offer chartered service even set up air cargo, national airline to milk it.
Saving Airasia Group and Airasia X: Covid-19 Recovery Thread
in General Aviation
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History proved, D7 business model is unprofitable, make sense to hide under AK.
To improve yield, it make sense to mix a321xlr with a330.