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Saving Airasia Group and Airasia X: Covid-19 Recovery Thread

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AirAsia X A330-343 9M-XXY MSN 1600 (stored at Nimes) & 9M-XXP MSN 1481 (stored at Toowoomba) have been repossessed by lessors.

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Thai AirAsia's capital restructuring is seen positive: MIDF Research

https://www.nst.com.my/business/2021/04/686064/thai-airasias-capital-restructuring-seen-positive-midf-research 

https://www.theedgemarkets.com/article/thai-airasia-restructuring-see-capital-injection-315-bil-baht

KUALA LUMPUR (April 27): Asia Aviation Public Company Ltd's (AAV) board of directors has approved the resolutions of its subsidiary Thai AirAsia Co Ltd's (Thai AirAsia) corporate and capital restructuring plan, which will see a new investor providing a loan to the latter for a maximum amount of up to 3.15 billion baht (10 baht=RM1.31).

Thai AirAsia is the main operating subsidiary of AAV, which is under low-cost airline AirAsia Group Bhd's stable of companies. AAV is the listed holding company of Thai AirAsia.

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Update:
According to ATDB.org, AirAsia X ntu A330-900neo MSN 1970, 1973 and 1976 are now allocated now for Cebu Pacific.

Seen here being washed back in March 2021 for pre-delivery preparation and installation.

51075332616_a3fcc5fa00_z.jpg

F-WWYR Airbus A330-941 Air Asia NTU s/n 1970 * Toulouse Blagnac 2021 * by @Eurospot, on Flickr

Remaining 4 Air Asia X built white-tails (MSN 1966, 1967, 1971 and 1972) are still waiting for new customer(s).

Edited by JuliusWong

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AAX wins restraining order extension

https://themalaysianreserve.com/2021/06/18/aax-wins-restraining-order-extension/

KUALA Lumpur High Court yesterday allowed a nine-month extension of the restraining order on 15 of AirAsia X Bhd’s (AAX) creditors over its debt recast proposal, according to court proceedings.

AirAsia X asked for the extension so that it can negotiate its proposed restructuring plan with creditors to obtain necessary approval, according to court documents.

Travel curbs imposed during the on-going lockdown and some AirAsia X staff members being infected with the virus has made the process challenging, the airline said.

Edited by JuliusWong

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Fleet Updates:

A320-216  MSN 4019  HS-ABJ     Thai AirAsia     at CAN 16 June 21 in primer prior return to lessor     ex F-WWDF

A320-214 MSN 3576  OE-IWZ      Air Lease Corp registered 14 June 21 at LJU prior delivery to Volotea as EC-NON ex HS-ABG

Source: https://www.skyliner-aviation.de/regdb.main?LC=nav4&page=1

Edited by JuliusWong

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On 1/22/2021 at 10:07 PM, JuliusWong said:
  1. MSN 9512 A321-251NX AirAsia Malaysia (9M-VAC) to North-West Air Air Company, currently stored at Tallinn Airport, Estonia.  
  2. MSN 9516 A320-251NX Thai AirAsia ntu (unassigned), currently stored in full livery minus engine at TLS.
  3. MSN 9524 A321-251NX AirAsia Malaysia ntu (9M-VAD) to North-West Air Air Company, currently stored at Tallinn Airport, Estonia with MSN 9512
  4. MSN 9525 A320-251NX AirAsia India VT-ATE, delivered 26th November 2020.
  5. MSN 9566 A320-251NX AirAsia Japan ntu (JA04DJ) to SkyExpress as SX-TEC, delivered to new owner 23rd December 2020.
  6. MSN 10079 A320-251NX AirAsia Malaysia ntu (9M-RAU), still stored at Chateauroux Airport, France in full AirAsia livery.
  7. MSN 10083 A320-251NX AirAsia Malaysia to SkyExpress as SX-IOG, delivered to new owner 27th November 2020.
  8. MSN 10156 A320-251NX AirAsia India VT-ATG, delivered 9th December 2020.

NOTES:

  • #4 and #8 are not NTU. Delivery was heavily delayed due to COVID19, guess Tata bankrolled their deliveries
  • Previously listed MSN 10161 A321-251NX is meant for Capital Airlines since factory fresh, not AirAsia ntu.
  • Only A320-251NX MSN 9516 and MSN 10079 are still looking for new home, out of six NTUs.
  1. MSN 9512 A321-251NX AirAsia Malaysia ntu (9M-VAC) to North-West Air Air Company, currently stored at Tallinn Airport, Estonia.  
  2. MSN 9516 A320-251NX Thai AirAsia ntu to Sky Express SX-GNA, delivered 28 May 2021.
  3. MSN 9524 A321-251NX AirAsia Malaysia ntu (9M-VAD) to North-West Air Air Company RA-73028. Currently stored at Tallinn Airport, Estonia 
  4. MSN 9566 A320-251NX AirAsia Japan ntu (JA04DJ) to SkyExpress SX-TEC, delivered  23rd December 2020.
  5. MSN 10079 A320-251NX AirAsia Malaysia ntu (9M-RAU), to SkyExpress SX-CHG, delivered 26th June 2021. 
  6. MSN 10083 A320-251NX AirAsia Malaysia ntu to SkyExpress as SX-IOG, delivered 27th November 2020.

*Removed AirAsia India frames (MSN 9525 and MSN 10156) for clarity.

All six ntus have been sold/ leased to new entities.

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AirAsia Group A339-900neo ntu Update:

Rumour has it Condor and Cebu Pacific will be taking the airframes, allocation is not confirmed.

  1. MSN 1967 AirAsia X (251t prototype)
  2. MSN 1966 AirAsia X - Condor
  3. MSN 1970 AirAsia X - Cebu Pacific
  4. MSN 1971 Thai AirAsia X - Condor
  5. MSN 1972 AirAsia X - Condor
  6. MSN 1973  AirAsia X - Cebu Pacific
  7. MSN 1976 Thai AirAsia X - Cebu Pacific
Edited by JuliusWong

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Fleet Impairment 2020-2021 as at July 28, 2021

A320-200ceo

1.    MSN 2633 9M-AFB AirAsia Malaysia to Volotea as EC-NOY
2.    MSN 2656 9M-AFC AirAsia Malaysia to Laudamotion as 9H-LMT
3.    MSN 3052 RP-C8979 Philippines AirAsia    
4.    MSN 3576 HS-ABG Thai AirAsia to Volotea as EC-NON
5.    MSN 3679 HS-ABH Thai AirAsia
6.    MSN 3729 HS-ABI Thai AirAsia
7.    MSN 3765 PK-AXF Indonesia AirAsia to Volotea as EC-NOQ
8.    MSN 3963 PK-AXI Indonesia AirAsia to Volotea as EC-NOR
9.    MSN 4019 HS-ABJ Thai AirAsia
10.  MSN 4035 PK-AXJ Indonesia AirAsia to Volotea as EC-NOS

A330-300ceo

1.    MSN 713 9M-XBD:  Converted to freighter at DRS. July 2020
2.    MSN 741 HS-XTD: Stored at XMN for Wamos Air EC-NOF. April 2021
3.    MSN 786 HS-XTB: Stored at SIN for Wamos Air EC-NOG. April 2021
4.    MSN 1065 HS-XTL: Stored at CRK. July 2021
5.    MSN 1433 9M-XXK: Stored at FNI. Sold in April 2021
6.    MSN 1533 9M-XXS: Stored at MNL. 8th May 2021
7.    MSN 1549 9M-XXT: Stored at MNL.  13th June 2021
8.    MSN 1600 9M-XXY: stored at FNI. February 2021

New fleet which were not taken up

A320neo/A321neo NTUs

A320-251X:
1.    MSN 9516 Thai AirAsia ntu to Sky Express SX-GNA, delivered 28 May 2021.
2.    MSN 9566 AirAsia Japan ntu (JA04DJ) to SkyExpress SX-TEC, delivered 23rd December 2020.
3.    MSN 10079 AirAsia Malaysia ntu (9M-RAU), to SkyExpress SX-CHG, delivered 26th June 2021. 
4.    MSN 10083 AirAsia Malaysia ntu to SkyExpress as SX-IOG, delivered 27th November 2020.

A321-251X:
5.    MSN 9512 AirAsia Malaysia ntu (9M-VAC) to North-West Air Air Company RA-73028.
6.    MSN 9524 AirAsia Malaysia ntu (9M-VAD) to North-West Air Air Company RA-73028. 

A330-900neo NTUs

1.    MSN 1967 AirAsia X – Unallocated
2.    MSN 1966 AirAsia X - Condor
3.    MSN 1970 AirAsia X - Cebu Pacific
4.    MSN 1971 Thai AirAsia X - Condor
5.    MSN 1972 AirAsia X - Condor
6.    MSN 1973 AirAsia X - Cebu Pacific
7.    MSN 1976 Thai AirAsia X - Cebu Pacific
 

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Sorry to see this go - one of the nicer D7 special liveries..

I wonder who the new owner is and whether it will be converted into a freighter....

From Skyliner: 

Airbus A330-343    MSN 1423  REG 9M-XXJ     AirAsia X     ferried 06aug21 KUL-FNI on return to lessor     ex F-WWTY

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Update: 

MSN 1596 Airbus A330-343 9M-XXW AirAsia X ferried 11jul21 KUL-MNL, after storage
MSN 1581 Airbus A330-343 9M-XXU AirAsia X ferried 08aug21 KUL-MNL, after storage

MSN 1533 9M-XXS and MSN 1549 9M-XXT are also currently at MNL.

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Update: 

1. MSN 786 HS-XTB: Stored at SIN for Wamos Air EC-NOG. April 2021. Flew to WOE for storage prior to entry to service.

Airbus A330-343 786  OE-IFR AerCap ferried 09aug21 SIN-WOE, for World2Fly, reg EC-NOF res ex HS-XTB

https://flightaware.com/live/flight/OEIFR/history/20210809/0002Z/WSSS/EHWO

https://www.skyliner-aviation.de/regdb.main?LC=nav4&page=2

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oe-ifr-aercap-airbus-a330-343_Planespott

This was originally leased from ILFC (now Aercap) for 10 years. Looks like it was returned (or repossessed) early.

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(Former) Thai AirAsia X A330-343 HS-XTD MSN 741 is now wearing Wamos Air colour as as OE-IHK, soon to be EC-NOF.

https://www.jetphotos.com/photo/10281141

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Malaysia's AirAsia X reports record quarterly loss of USD5.9bn

KUALA LUMPUR: Malaysia's AirAsia X Bhd on Monday posted a record quarterly loss of $5.9 billion, eight times more than a year ago, as a multi-billion-dollar provision to cover debts drove operating costs higher.

It was the ninth loss in succession for the airline, an affiliate of AirAsia Group Bhd.

The net loss for the April-June period widened to 24.6 billion ringgit (196.7 billion baht), from a 305.2 million ringgit loss a year ago.

The airline said it made an accounting provision of 23.8 billion ringgit to its creditors during the quarter as it is in default under the contract terms.

https://www.bangkokpost.com/business/2188459/malaysias-airasia-x-reports-record-quarterly-loss-of-5-9bn

That is one hefty accounting provision to make.

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Wild shot in the dark - this is some corporate manoeuvre to get those creditors to agree to the proposed drastic haircuts, or someone just clicked the end game button 😁

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18 hours ago, BC Tam said:

Wild shot in the dark - this is some corporate manoeuvre to get those creditors to agree to the proposed drastic haircuts, or someone just clicked the end game button 😁

They are just buying time, delaying its death. They are glad and lucky that those lessors are accommodative except BOC Aviation, the same lessors aren't very kind to some other airlines, some have been forced to liquidate.

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