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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

242740627-1509276859437121-6572924331308

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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Airasia X CEO, Benyamin Ismail said that their fleet is now 15 aircraft and there may be further reductions, if there is no improvement in the countries reopening borders for tourism. He also said (during the company's AGM) that the A321XLR will be flying some routes in future. So it looks like they see narrow body operations as a priority and are pushing A339 deliveries further into the future. 

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MSN 1533 9M-XXS and MSN 9M-XXT have been returned to its lessor DAE Capital. MSN 1533 flew to CRK for further storage after check at MNL few days ago. 9M-XXT is currently still at MNL.

With these two returns and impending removal of MSN 952 9M-XXA, AirAsia X fleet will now be 15.

Goodbye "Xcintillating PhoeniX"

19099491692_c352df2328_c.jpg

9M-XXT by Allen Choi, on Flickr

Edited by JuliusWong

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On 11/30/2021 at 11:27 PM, JuliusWong said:

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

Update December 13, 2021:

  1. Airbus A330 -343 MSN 952 VN- VietJetAir for delivery 1q22 after paint ex KUL ex-ICBC Leasing VP-CJX, AirAsia X 9M-XXA
  2. Airbus A330 -343 MSN 974 VN- VietJetAir air test at KUL 12dec21 in full cs, VP-reg ,addnl"Petrolimex" decals prior delivery ex-ICBC Leasing VP-CJW, AirAsia X 9M-XXB
  3. Airbus A330 -343 MSN 1165 VN- VietJetAir for delivery 1q22 after paint ex KUL ex-ICBC Leasing VP-CJV, AirAsia X 9M-XXH

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

MSN 974 caught landing at KLIA after test flight: https://www.facebook.com/photo/?fbid=10159611660012270&set=pcb.4980219251991330

Edited by JuliusWong

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On 11/30/2021 at 11:27 PM, JuliusWong said:

Fleet updates November 30, 2021:

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.

Updates:

  1. MSN 3679 previously HS-ABH, now 9M-RCH
  2. MSN 8746 previously JA03DJ, now 9M-RAV

AirAsia Malaysia:

  • A320-216ceo: 69
  • A320-251neo: 29
  • A321-251neo: 2
  • A330-300ceo: 1

AirAsia Thailand:

  • A320-216ceo: 42
  • A320-251neo: 11
  • A321-251neo: 2

AirAsia India:

  • A320-216ceo: 27
  • A320-251neo: 5

Philippines AirAsia:

  • A320-216ceo: 23

Indonesia AirAsia:

  • A320-216ceo: 25

Total in Group short haul fleet:

  • A320-216ceo: 186
  • A320-251neo: 45
  • A321-251neo: 4
  • A330-300ceo: 1
Edited by JuliusWong

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Quote

9M-VVA    Airbus A330-343 AirAsia    Nov 2021    C12Y365
2x RR Trent 772B-60
750504 
leased from Castlelake
Entered into service 16 Dec 2021

Info above is from planespotters.net It was previously 9M-XXW.

I wonder why Airasia took over this aircraft from Airasia X?

It has been spotted at BKI:

https://www.jetphotos.com/photo/10422884

 

 

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20 hours ago, flee said:

Info above is from planespotters.net It was previously 9M-XXW.

I wonder why Airasia took over this aircraft from Airasia X?

It has been spotted at BKI:

https://www.jetphotos.com/photo/10422884

 

 

Aircraft flew with CAM and part of management were onboard as a proving flight. Looks like AK will temporary lease the ex D7 a330s to alleviate part of the debt burden D7 is facing. Also to see if widebody operations is feasible for AK.

Edited by jahur

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2 hours ago, jahur said:

Aircraft flew with CAM and part of management were onboard as a proving flight. Looks like AK will temporary lease the ex D7 a330s to alleviate part of the debt burden D7 is facing. Also to see if widebody operations is feasible for AK.

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.

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1 hour 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.

Am not sure what Airasia Groups Gameplan is but the excess expansion tactic since 2015 is what caused the current issues even without the pandemic. Was already worried when D7 ordered 50 widebody aircraft then revising it to 75 and then revising it again up to a crazy 100 and now down to a quarter of what it plans to order. D7 with Thai aax itself can only hold at most 30 planes. For them to operate 100 with their optimistic approach back then was never feasible unless they anticipate competing Lccs and full service airlines to closeshop.

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55 minutes ago, jahur said:

Am not sure what Airasia Groups Gameplan is but the excess expansion tactic since 2015 is what caused the current issues even without the pandemic. Was already worried when D7 ordered 50 widebody aircraft then revising it to 75 and then revising it again up to a crazy 100 and now down to a quarter of what it plans to order. D7 with Thai aax itself can only hold at most 30 planes. For them to operate 100 with their optimistic approach back then was never feasible unless they anticipate competing Lccs and full service airlines to closeshop.

I think that in those days, they were not planning to expand the fleet that much - their delivery schedule is mostly 5 planes p.a. with some years at 7 planes. Also they still had AAC and they might have some ambitions of becoming an aircraft lessor of reasonable size. But the long haul model is difficult to operate as there are very few genuine profitable routes. D7 was more like a marketing arm of AK and was used to interchange pax with the AK network. Since AK had the larger network, D7 lost out...

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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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11 hours ago, KK Lee said:

d7 current business model of operating a333 only is not feasible. for d7 to sustain, a change of business model is essential.

Well, their next planned new aircraft delivery will be the A321XLR. No more new wide bodies till 2027, at least. Not sure if that will help because by 2023 (that is the expected delivery of the XLR), D7 might already be dead.

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Fleet updates January 3, 2022:

Thai AirAsia X

A330-343 MSN 1058 HS-XTK is now repainted in South Korea's LLC carrier T'way colour at XMN. Thai AirAsia X fleet currently stands at 9 (7 A330-343 and 2 A33-941).

AirAsia X Malaysia

A330-343 MSN 1670 9M-XBA has been returned to its lessor BOC Aviation. Left KUL to CRK for further storage. AirAsia X Malaysia current fleet stands at 14 (all A330-343).

Previously BOC Aviation has locked horn with AirAsia Group over non-lease payment for several of its jets currently leased to them. Other BOC Aviation leased airframes include:

  • 9M-XXV MSN 1589
  • HS-XTF  MSN 1646
  • 9M-XBC MSN 1659
  • 9M-XBB MSN 1674

Philippines AirAsia

 Airbus A320-216   MSN 8477          RP-C8950         ferried 28 December 2021 CRK-KUL prior return to lessor. Philippines AirAsia fleet currently stands at 23 (all A320ceo).

Source: Skyliner-aviation.de

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9M-VVA scheduled for double daily AK KCH run tomorrow onwards. 

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On 1/5/2022 at 10:31 AM, jahur said:

9M-VVA scheduled for double daily AK KCH run tomorrow onwards. 

The start of CNY balik kampung flights?

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1 hour ago, flee said:

The start of CNY balik kampung flights?

Either that, or the Sarawakian authorities are still limiting number of flights into the state

So, if frequency is capped, capacity can still be increased with bigger birds ..... ? 😀

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16 hours ago, flee said:

The start of CNY balik kampung flights?

Seems to be discontinued for now. Last seen on a test flight circling above penang yesterday.

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