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

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1 hour ago, JuliusWong said:

9M-XXB MSN 974 is now de-registered and new registration is VP-CJW.

Last flight was Seoul, South Korea to Kuala Lumpur, Malaysia on May 7, 2021

51021759451_7ee3f058db_z.jpg

AirAsia X | Airbus A330-300 | 9M-XXB | Girls' Frontline livery | Hong Kong International by Dennis HKG, on Flickr

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Credit: Ralf Ejanz of Facebook Group: 1/200 & 1/400 Diecast Aircraft

Edited by JuliusWong

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Malaysia's AirAsia Group restructures its huge Airbus plane order

https://www.reuters.com/business/aerospace-defense/malaysias-airasia-group-reaffirms-commitment-fleet-migration-airbus-a321neo-2021-10-06/

  • Will switch 13 A320neo orders to larger A321neos
  • Has 362 A321neos on order, with delivery through 2035
  • Airline had halted deliveries during pandemic

KUALA LUMPUR, Oct 6 (Reuters) - Malaysia's AirAsia Group Bhd (AIRA.KL) said it has reached a deal with Airbus SE (AIR.PA) to restructure an order for 362 narrowbody planes worth tens of billions of dollars, including switching 13 A320neos to the larger A321neo model.

Deliveries of the 362 A321neos are now planned through 2035, the cash-strapped airline said on Wednesday, without providing details of the previous timetable.

Industry sources told Reuters last month that Airbus had agreed to reschedule deliveries and improve terms for its largest Asian customer to salvage the valuable contract.

AirAsia received its first A321neo in November 2019 and currently has four in service after halting deliveries during the pandemic. Airbus sold six A321neos that had been built for AirAsia last year, industry sources have said.

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Just now, JuliusWong said:

Malaysia's AirAsia Group restructures its huge Airbus plane order

https://www.reuters.com/business/aerospace-defense/malaysias-airasia-group-reaffirms-commitment-fleet-migration-airbus-a321neo-2021-10-06/

  • Will switch 13 A320neo orders to larger A321neos
  • Has 362 A321neos on order, with delivery through 2035
  • Airline had halted deliveries during pandemic

KUALA LUMPUR, Oct 6 (Reuters) - Malaysia's AirAsia Group Bhd (AIRA.KL) said it has reached a deal with Airbus SE (AIR.PA) to restructure an order for 362 narrowbody planes worth tens of billions of dollars, including switching 13 A320neos to the larger A321neo model.

Deliveries of the 362 A321neos are now planned through 2035, the cash-strapped airline said on Wednesday, without providing details of the previous timetable.

Industry sources told Reuters last month that Airbus had agreed to reschedule deliveries and improve terms for its largest Asian customer to salvage the valuable contract.

AirAsia received its first A321neo in November 2019 and currently has four in service after halting deliveries during the pandemic. Airbus sold six A321neos that had been built for AirAsia last year, industry sources have said.

Regarding the AirAsia A320neo family order, somehow I can't really balance the number.

Order history:

  • June 2011 Paris Air Show: 200 Airbus A320neos
  • December 2012: Additional 100 Airbus A320 (64 A320neo and 36 A320ceo)
  • July 2016 Farnborough International Air Show: 100 A321neos

Hence, in total:

  • 264 A320neo
  • 100 A321neo

Out of these:

  • 45 A320neo delivered
  • 4 A321neo delivered

Balance to be delivered:

  • 219 A320neo
  • 96 A321neo

Somewhere in between in July 2019 Paris Air Show: Converted all remaining 253 A320neo to A321neos, making it 353 A321neo on order.

Yesterday news, it is stated they are converting 13 A320neos to A321neos, making total of 362 A321neo.

353 + 13 = 366 A321neo, 4 delivered.
Therefore= 362 A321neo on order.

I am trying to make sense where did this 13 A320neos came from cause they have converted them back in 2019.

Also, does Reuters news carries a mistake?

"Airbus sold six A321neos that had been built for AirAsia last year, industry sources have said."

I thought it was 4 A320neos and 2 A321neos that were sold by Airbus to SkyGreece and Russia North West Airlines.

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Fleet Movement for AirAsia Group

Airbus A320     -216     4088          HS-ABK     Thai AirAsia     ferried 17oct21 DMK-KUL after storage     ex F-WWBV
Airbus A320     -216     4126          HS-ABL     Thai AirAsia     ferried 22oct21 DMK-KUL after storage     ex F-WWIO

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

Both are being prepared for return to lessor.

Edited by JuliusWong

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AirAsia X slips into PN17 status after auditor expressed disclaimer of opinion on FPE21 accounts

https://www.theedgemarkets.com/article/airasia-x-slips-pn17-status-after-auditor-expressed-disclaimer-opinion-fpe21-accounts

KUALA LUMPUR (Oct 29): AirAsia X Bhd (AAX), the low-cost long-haul affiliate of AirAsia Group Bhd, is now classified as a Practice Note 17 (PN17) company after its external auditor Messrs Ernst & Young PLT (EY) expressed a disclaimer of opinion on its audited financial statements for the 18-month financial period ended June 30, 2021 (FPE21).

In a bourse filing on Friday, the carrier said it has 12 months to regularise its financial condition, failing which it will be delisted from Bursa Malaysia.

 

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https://www.reuters.com/business/aerospace-defense/airasia-x-restructuring-plan-backed-by-first-group-creditors-2021-11-12/

Malaysia's AirAsia X creditors agree restructuring, Airbus orders cut

AirAsia X (AAX) creditors have agreed to a restructuring that will pay just 0.5% of debt owed and end its existing contracts, the Malaysian long-haul low-cost airline said on Friday.

The airline has also reached a deal with its largest creditor, Airbus (AIR.PA) to reduce a multi-billion dollar order for 78 A330neo widebody planes and 30 A321XLR narrowbodies. AAX had been Airbus' biggest customer for the A330neo.

AAX now plans to take 15 A330neos and 20 A321XLRs, an airline spokesperson said.

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AAX records RM149m losses

AIRASIA X Bhd (AAX) has recorded a net loss of RM149.14 million and revenue of RM99.27 million in the first quarter ended Sept 30, 2021 (1Q21).

In a filing to Bursa Malaysia, it said that during 1Q21, the company has suffered from the full impact of the Covid-19 pandemic and with the suspension of scheduled flight operations in April 2020, and the parking of the majority of the aircraft fleet, the performance indicators for the business are not meaningful.

“The tabular presentation of revenue and cost metrics in the quarter is therefore not included as there is no like-for-like comparison to the same quarter as at Sept 30, 2021.

Official document: http://www.airasiax.com/newsroom/AAX_-_1Q2022.pdf

Source: https://themalaysianreserve.com/2021/11/24/aax-records-rm149m-losses/?fbclid=IwAR2j_bYFjnVhd54M5Dhq6nHt6CEkDWIdrV9JihwS2JsrKAIChU4DMh5a8m4

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Fleet updates November 30, 2021:

AirAsia X

According to planespotters.net updates, Vietjet will be taking three ex-AirAsia X A330-343 from ICBC Leasing:

  1. MSN 952 9M-XXA 13 years old
  2. MSN 974 9M-XXB 13 years old
  3. MSN 1165 9M-XXH 11 years old

Source: https://www.planespotters.net/airline/AirAsia-Group

AirAsia X transferred MSN 1596 previously 9M-XXW to AirAsia as 9M-VVA, effectively November 2021.

With lease returns and transfer, AirAsia X current fleet stands at 17 A330ceo, peak was 32

Thai AirAsia X

AirAsia Group has also returned A330-343 MSN 1058 Thai AirAsia X HS-XTK to lessor Aercap, reducing its A330ceo fleet to 7 (Peak at 12). Plus another two A330-900neo

AirAsia India

The Group is also winding down its India operation with news of Tata Group buying out remaining stake in AirAsia India. Tata Group recently won the bid to take over Air India with plans to merge it with Vistara as full service carrier and Air India Express with AirAsia India as low fare carrier. 

Three AirAsia India A320ceo have since been re-registered under Malaysia operation:

  1. MSN 5619 previously 9M-AQV, VT-SIN now 9M-RCA
  2. MSN 4727 previously N214FR, VT-MOD now 9M-RCB
  3. MSN ???? now 9M-RCH

With the transfers, Air Asia India currently has 27 A320ceo and 5 A320neo.

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