Alif A. F. 0 Report post Posted December 1, 2020 6 hours ago, flee said: I think that if airlines operating in this country charge higher fares, the airports will suffer a big drop in volume. Many people will not be able to fly and will opt to travel by bus and KTM again. Makes me wonder how government even regulates long-term transportation planning and investment? Seems like the gov. tries to prioritize everything over the past two decades - more rail (ETS, ECRL, HSR)? more airports (KLIA2, KXP)? more highways (WCE, PBH)? Although, admittedly, some of decisions is logical like HSR and KLIA2, although these have issues of their own. If gov. really serious about bringing in more passengers to airports, should have just invest few strategic regional airports (e.g. KUL, PEN, KCH, BKI) as major gateways only. Then, railways and highways should complement these regional airports. If Malaysians have that Greta Thunberg attitude at their own will, say bye-bye to small domestic airports. Share this post Link to post Share on other sites
Chris Tan 0 Report post Posted December 2, 2020 23 hours ago, flee said: I think that if airlines operating in this country charge higher fares, the airports will suffer a big drop in volume. Many people will not be able to fly and will opt to travel by bus and KTM again. Can't have your cake and eat it too. Some people want lower fares and taxes while getting higher levels of service and profit. Their proposed solution to the inevitable loss-making reality is simply to stop bailouts and start a new airline. 🤷♂️ I also wonder just how big of a drop this would be in the grand scheme of things. There are still many journeys that aren't viable by land. Meanwhile FY/OD turboprop services aren't catered to price-sensitive travellers to begin with. 15 hours ago, Alif A. F. said: Makes me wonder how government even regulates long-term transportation planning and investment? Seems like the gov. tries to prioritize everything over the past two decades - more rail (ETS, ECRL, HSR)? more airports (KLIA2, KXP)? more highways (WCE, PBH)? Although, admittedly, some of decisions is logical like HSR and KLIA2, although these have issues of their own. What long-term planning and investment? The Malaysian story is one of hindsight, greed and myopic decisions. There's hardly a grand project that gets by without being mired in scandal or political meddling. 15 hours ago, Alif A. F. said: If gov. really serious about bringing in more passengers to airports, should have just invest few strategic regional airports (e.g. KUL, PEN, KCH, BKI) as major gateways only. Then, railways and highways should complement these regional airports. If Malaysians have that Greta Thunberg attitude at their own will, say bye-bye to small domestic airports. The truth is we have a very long way to go before flight shame becomes a thing. Until we have a prosperous, functioning society, you won't find too many Malaysians worrying about how to offset their carbon footprint. Share this post Link to post Share on other sites
flee 5 Report post Posted December 3, 2020 Outcome of AirAsia X's debt restructuring exercise likely to be known by June 30, 2021 https://www.theedgemarkets.com/article/outcome-airasia-xs-debt-restructuring-exercise-likely-be-known-june-30-2021 Share this post Link to post Share on other sites
Josh T 0 Report post Posted December 4, 2020 The cc company has finally found in my favour in my case against D7. My evidence was pretty overwhelming really... Share this post Link to post Share on other sites
Li Ren 2 Report post Posted December 5, 2020 On 12/4/2020 at 1:44 PM, Josh T said: The cc company has finally found in my favour in my case against D7. My evidence was pretty overwhelming really... Good to hear that this way helps in claiming back the seems forever refund. Can you advice on the steps, as i just read it generally without knowing every single steps. Share this post Link to post Share on other sites
flee 5 Report post Posted December 9, 2020 AirAsia ‘Quietly Optimistic’ About 2021 With Focus on Asean https://www.bloomberg.com/news/articles/2020-12-07/airasia-quietly-optimistic-about-2021-with-renewed-asean-focus Share this post Link to post Share on other sites
Josh T 0 Report post Posted December 12, 2020 On 12/5/2020 at 8:04 PM, Li Ren said: Good to hear that this way helps in claiming back the seems forever refund. Can you advice on the steps, as i just read it generally without knowing every single steps. The main criteria are the following: 1. Your original ticket was booked directly through and on AirAsia X (D7) even if there were connecting flights on AirAsia (AK) as part of the same itinerary/booking. 2. You booked the flights through your credit card. 3. You have evidence (emails or SMS) that D7 cancelled the flights and not you. 4. You have evidence that you tried dealing with D7 directly first following the cancellation of your flights and have proof that they have offered you a refund (even if it was still being "processed") or even a travel credit. 5. You still have the email that D7 sent out about their debt restructuring that stated that they could no longer offer or process any refunds or travel credits. If you have all that, you contact your cc provider directly and request for a charge-back or dispute a charge on the premise that you are NO LONGER RECEIVING THE GOODS/SERVICES that you'd paid for. Share this post Link to post Share on other sites
flee 5 Report post Posted December 14, 2020 AirAsia X proposes to reduce issued capital by 99.9pct and announces plans for fresh equity of RM500 million for a reset of the airline post-COVID-19 SEPANG, 14 December 2020 - Pursuant to representations made by certain creditors, AirAsia X Berhad (AirAsia X) intends to revise the proposed reduction of 90% of the issued share capital of AirAsia X to 99.9% of the issued share capital. This comprises a reduction of the issued share capital of approximately RM1,532.51 million to RM1.53 million. The credit arising from the proposed share capital reduction will be used to offset part of the accumulated losses. The proposed share consolidation which shall be undertaken following the proposed share capital reduction shall remain unchanged, i.e. a consolidation of every 10 existing AirAsia X shares into 1 AirAsia X share. Shareholders funds after the capital reduction remains negative but the consolidation of shares post- capital reduction will provide a platform to seek fresh funding from existing shareholders. For its fundraising, AirAsia X proposes to raise up to RM500 million comprising both a rights issue of up to RM300 million from existing shareholders and a share subscription of shares of up to RM200 million from new investors. This equity fundraising exercise is a critical component of the comprehensive restructuring and recapitalisation plan announced earlier and will support the implementation of the Group’s revised business plan. The operating environment is evolving and dynamic. There are several scenarios envisaged within our business plan and the funds to be raised are adequate for each of these scenarios. Prior to the fundraising however, AirAsia X must first secure the approval of its creditors for the debt restructuring scheme. Several lessors have intervened in the restructuring proceedings to register their objections to the scheme. AirAsia X wishes to reiterate that the debt restructuring scheme is a prerequisite for the recapitalisation of the Company by both existing and new investors and a comprehensive reset of the airline is required to provide a platform to rebuild and a vehicle attractive enough for investors to invest in. In the next few weeks, AirAsia X will continue to engage with creditors and hopes to further allay their concerns. The alternative to the scheme is a liquidation of the airline without any returns to creditors. Post-COVID-19, a reset with fresh equity and a repositioning of the airline as a regional medium-haul low-cost carrier will provide the best economic returns to creditors in a continued business relationship. The Company has received some indications of interest for investment in a restructured AirAsia X and will similarly continue to engage with these potential investors. https://newsroom.airasia.com/news/airasia-x-proposes-to-reduce-issued-capital-and-announces-plans-for-fresh-equity Share this post Link to post Share on other sites
flee 5 Report post Posted December 14, 2020 AirAsia X raising RM300 million via call cash and RM200 million through share subscription from new investors https://www.theedgemarkets.com/article/airasia-x-raising-rm300-million-call-cash-and-rm200-million-through-share-subscription-new Share this post Link to post Share on other sites
flee 5 Report post Posted December 15, 2020 Lessor BOC Aviation says AirAsia X restructuring favours Airbus, calls for debt-to-equity swap https://www.theedgemarkets.com/article/lessor-boc-aviation-says-airasia-x-restructuring-favours-airbus-calls-debttoequity-swap Share this post Link to post Share on other sites
flee 5 Report post Posted December 19, 2020 AirAsia will be back stronger in 2021, with international operations starting to open up within the next six months. AirAsia X is needed within Asia as a medium haul airline. The airline is talking to the Malaysian government about receiving a USD250 million soft loan over five years, with capital raising taking place over next two to three months. The airline will take all the planes on order, but it needs time to regrow. The new logistics company will need freighters. Talking at the CAPALive on 9-Dec-2020, AirAsia’s Group CEO Tony Fernandes spoke with CAPA’s chairman emeritus Peter Harbison. Some key highlights can be found below. https://centreforaviation.com/analysis/reports/capa-live-airasia---huge-data-opportunities---and-546649 Share this post Link to post Share on other sites
flee 5 Report post Posted December 22, 2020 Airbus to lose over $5 billion in orders under AirAsia X's proposed restructuring https://www.reuters.com/article/airasia-x-lawsuit-airbus-exclusive-idUSKBN28W0JK Share this post Link to post Share on other sites
Timothy 1 Report post Posted December 25, 2020 On 12/19/2020 at 10:27 AM, flee said: AirAsia will be back stronger in 2021, with international operations starting to open up within the next six months. AirAsia X is needed within Asia as a medium haul airline. The airline is talking to the Malaysian government about receiving a USD250 million soft loan over five years, with capital raising taking place over next two to three months. The big questions is, how do they know things will get better ? AirAsia X has never "sold" itself as a medium haul carrier, with most of the ASEAN routes served by various AK joint ventures. Just like announcements from major hospitality chains, I'm learning to take these sort of "forward looking" news with plenty of salt. COVID19 has thrown a major spanner into what was already an uncertain world. Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted December 26, 2020 AirAsia to cut India stake to 13%, Tata mulls mega carrier AirAsia Group plans to cut its stake in AirAsia India (I5, Bangalore Int'l) from 49% to just 13%, unnamed sources have told The Times of India, giving joint venture partner Tata Sons a significantly greater hold over the airline. However, the low-cost carrier will continue to use the AirAsia brand for some time, together with other arrangements such as aircraft maintenance and ticketing and accounting software. While the Malaysian group continues to run a common website for its operations in different countries, Tata Sons has started setting up a separate website for AirAsia India, according to the newspaper. The Indian conglomerate’s information technology subsidiary Tata Consultancy Services is also reportedly developing pilot and crew management software. “It is not going to be an instant divorce but a prolonged one,” a source said. https://www.ch-aviation.com/portal/news/98617-airasia-to-cut-india-stake-to-13-tata-mulls-mega-carrier Share this post Link to post Share on other sites
flee 5 Report post Posted December 30, 2020 AirAsia Sells Stake in India Venture to Tata for $38 Million https://www.bloomberg.com/news/articles/2020-12-29/airasia-sells-stake-in-india-venture-to-tata-for-38-million Share this post Link to post Share on other sites
flee 5 Report post Posted January 11 AirAsia Group "joined at hip" with Airbus despite cancellations https://www.reuters.com/article/us-airasia-strategy/airasia-group-not-switching-to-boeing-despite-airbus-cancellations-idUSKBN29G0VE Share this post Link to post Share on other sites
BC Tam 2 Report post Posted January 12 Considering how AAx restructuring will likely be shoved up manufacturer A's nether region, it's really not too difficult to imagine them being 'joined at hip' 😆 Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted January 12 The only way moving forward is AirAsia X would be: Drop X brand, consolidate crew A320/A321/A330 and operation Sell off off or returned all A330ceo, Malaysia operation at least. Switch to A321XLR for Malaysia operation with approximately 10 A339neo. Grow from there again. Cut 78 A339neo order to approximately 25, allocate most to Thai operation, small fleet for Malaysia. Switch one-to-one basis A330ceo to A330neo for Thai operation. Move upwards to more premium market for flight above four hours. Concentrate on high load route within Asia Pacific, optimising capacity between China- Aus/New Zealand Build a hub at BKI to East Asia and Australasia (depends on regulatory approval Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted January 13 On 11/21/2020 at 12:38 AM, JuliusWong said: In other news, on Tony's IG account, he mentioned AirAsia corporate jet Bombardier Global Express-BD-700-1A10 9M-CJG has been sold. The aircraft was flown out of KUL for one last time on 17th November 2020, after a night stopover at Tokyo, it left on 18th Nov 2020. Last tracked flying over Lyons, Kansas, United States https://planefinder.net/flight/9MCJG/time/2020-11-17T05:05:00.000Z/speed/1 https://www.radarbox.com/data/registration/9m-cjg The aircraft is now registered as N926PN, registered to a dummy company based at Florida, USA. Last spotted in UK. Share this post Link to post Share on other sites
JuliusWong 0 Report post Posted January 14 AirAsia X shows court creditors' support for restructuring plan KUALA LUMPUR (Jan 14): Most of AirAsia X Bhd's (AAX) lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show. In emails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential new investors, seeking more equitable terms and new commercial arrangements. More: https://www.theedgemarkets.com/article/airasia-x-shows-court-creditors-support-restructuring-plan Share this post Link to post Share on other sites
