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

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1 minute ago, KK Lee said:

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.

Yes indeed, Cambodia aviation history is littered with lengthy list of defunct airlines:

  1. Air Cambodge
  2. Air Dream
  3. Angkor Airways
  4. Angkor Wat Airlines
  5. Apsara International Air
  6. Cambodair
  7. Cambodia Airlines
  8. Cambodia Bayon Airlines
  9. Cambodia International Airlines
  10. First Cambodia Airlines
  11. Imtrec Aviation
  12. Kampuchea Airlines
  13. KC International Airlines
  14. Khmer Akas
  15. Khmer Hansa Airlines
  16. Mekong Airlines
  17. PMTair
  18. President Airlines
  19. Royal Air Cambodge
  20. Royal Khmer Airlines
  21. Royal Phnom Penh Airways
  22. Siem Reap Airways International
  23. Skywings Asia Airlines
  24. Small Planet Airlines
  25. TonleSap Airlines
  26. Wat Phnom Airlines
  27. Yana Airlines

Currently the improvished nation is serviced by at least six airlines:

  1. Bassaka Air
  2. Cambodia Airways
  3. Cambodia Angkor Air
  4. JC International Airlines
  5. Lanmei Airlines
  6. Sky Angkor Airlines

Not sure what is TF's strategy though, the tourists are not coming back to SEA in droves though, at least not in next 6-8 months. Cambodia or the greater Indo-China market market are mainly one off tourists searching for really cheap fares, VFR market is non-existent as the locals how are abroad wouldn't want to return at this point of time.

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Capital A can’t get RM500m Danajamin loan as founders refuse to be guarantors

https://www.theedgemarkets.com/article/capital-unable-get-rm500m-danajamin-loan-founders-refuse-be-guarantors

KUALA LUMPUR (March 10): Capital A Bhd (formerly known as AirAsia Group Bhd) is unable to obtain the RM500 million club facility under Danajamin Nasional Bhd’s Prihatin Guarantee Scheme as its founders, Tan Sri Tony Fernandes and Datuk Kamarudin Meranun, have refused to become guarantors.

 

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I don't think any entrepreneur, founders and ceo would ever put a cent as a guarantor on a very huge company even if its a company that was build by them. One thing though, part of this loan was meant to be used for refunding passengers and keeping its crew guess that was not their priority. Repayment schedule as well is too quick for capital a standards.

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AirAsia X completes debt restructure, to write back RM33b to profit

https://www.theedgemarkets.com/article/airasia-x-completes-debt-restructure-write-back-rm33b-profit

BENGALURU (March 16): Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write RM33 billion back to profits in the next quarter.

Under the airline's restructuring proposal, it would pay just 0.5% of debt owed and end its existing contracts. It was approved by its creditors and the High Court of Malaya last year.

The restructuring was proposed to avoid liquidation after the long-haul low-cost airline posted a record quarterly loss last September. It is one of many carriers in the Asia-Pacific region to have entered a court-overseen debt restructuring process to survive the pandemic. 

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2 minutes ago, JuliusWong said:

AirAsia X completes debt restructure, to write back RM33b to profit

https://www.theedgemarkets.com/article/airasia-x-completes-debt-restructure-write-back-rm33b-profit

BENGALURU (March 16): Airasia X (AAX) said on Wednesday it had completed its debt restructuring, and will write RM33 billion back to profits in the next quarter.

Under the airline's restructuring proposal, it would pay just 0.5% of debt owed and end its existing contracts. It was approved by its creditors and the High Court of Malaya last year.

The restructuring was proposed to avoid liquidation after the long-haul low-cost airline posted a record quarterly loss last September. It is one of many carriers in the Asia-Pacific region to have entered a court-overseen debt restructuring process to survive the pandemic. 

On a personal note, I will not touch this airline any more with ten foot pole. Such insidious management they have.....

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On 3/16/2022 at 6:05 PM, JuliusWong said:

On a personal note, I will not touch this airline any more with ten foot pole. Such insidious management they have.....

Many said the same. But in Malaysia and almost everywhere else around the world once airlines even the so called national airlines with subpar full service starts tossing dodgy dirt cheap fares Malaysians and backpackers forget everything. Then when s#1t hits the fan everyone starts yapping how dodgy the business tactics company x and y is yet nobody bother to think why to buy such no frills ticket in the first place.

 

Edited by jahur

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Fleet Movement March 22, 2022

Airbus A330-343 MSN 952  VP-CJX ICBC Leasing, air tested in KUL for new operator Vietjet. Previously 9M-XXA, AirAsia X Turns 9 cs

Photo Credit: Wan Putra Aziz

277099929_10225169530158822_6730583206130707441_n.jpg

9m-xxa-airasia-x-airbus-a330-343_PlanespottersNet_1161882_5c47e0554a_o.jpg

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On 2/21/2022 at 11:22 AM, JuliusWong said:

Fleet Movement February 21, 2022

Airbus A330-343    MSN 1533          LZ-DAV     DAE Capital     ferried 19-20 February 2022 CRK-TLL-PIK, still in AirAsia X cs     ex 9M-XXS

Airframe owned by DAE Capital, now leased to Bulgaria's Gullivair as LZ-DAV. Seen here arriving at Lithuania Tallinn International Airport yesterday January 20, 2022.

76383_1645372876.jpg

Source: https://www.jetphotos.com/photo/10482070

Pretty surprised they did not delete the Malaysia flag when it was returned to its lessor.

https://www.jetphotos.com/photo/10510163

AirAsia X branding all stripped, ready to join SmartLynx Malta as 9H-SMG, flown to Chateauroux on March 17, 2022. Could be a candidate for P2F conversion.

 

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On 12/8/2021 at 1:02 PM, JuliusWong said:

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

Fleet Movement March 24, 2022:

Airbus A330-343    MSN 1549        LZ-DAW    DAE Capital    Delivery 24 March 2022 MNL-CGK    ex 9M-XXT

Source: https://www.skyliner-aviation.de/regdb.main?LC=nav4&page=3

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AirAsia X expands flight network to Korea, India

https://www.theedgemarkets.com/article/coa-dismisses-airasias-stay-application-mahbs-psc-suit-and-appeal-against-high-court-summary

KUALA LUMPUR: AirAsia X Bhd (AAX) is expanding its flight network from Kuala Lumpur with new services to Incheon, Seoul, South Korea and New Delhi, India commencing from April 20, 2022.

This follows the resumption of the airline's passenger services to Sydney, Australia, in February.

AAX chief executive officer Benyamin Ismail said the airline is confident that its return to these markets will be well received, particularly for those longing to revisit friends and family or for much-anticipated leisure travel.

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AirAsia X strikes off majority of A330neo order

Long-haul budget carrier AirAsia X appears to have slashed its orders for Airbus A330-900s by more than 60.

The airframer has listed 63 cancellations for the long-haul twinjet during March, and AirAsia X’s commitment has fallen from 78 to 15 aircraft.

Full report here: https://www.flightglobal.com/air-transport/airasia-x-strikes-off-majority-of-a330neo-order/148216.article?utm_source=rss&utm_medium=Sendible&utm_campaign=RSS

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Capital A to be profitable next, says CEO

https://www.thestar.com.my/business/business-news/2022/04/08/capital-a-to-be-profitable-next-says-ceo?fbclid=IwAR2mqtZY_3EGq3E53JUYMSB4gCz3RR83s0BjHUNaQ3NL-sSKrCSv3AZTR2w

Capital A Bhd expects to return to profitability in 2023 in line with the anticipated recovery in travel demand by year-end, said chief executive officer Tan Sri Tony Fernandes today.

Speaking to reporters during a virtual media briefing today, he said AirAsia plans to have most of its fleet back in service by year-end.

"Our sales (is currently) at 75 per cent of the pre-COVID19 level and I never expected it to (recover) so quickly.

..............The senile fellow is back at his game

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On 3/26/2022 at 12:35 AM, JuliusWong said:

Fleet Movement March 24, 2022:

Airbus A330-343    MSN 1549        LZ-DAW    DAE Capital    Delivery 24 March 2022 MNL-CGK    ex 9M-XXT

Source: https://www.skyliner-aviation.de/regdb.main?LC=nav4&page=3

51992890025_4c69cf87ff_c.jpg

Airbus A330-300 [LZ-DAW / 1549] DAE Capital by Hugo Tsr, on Flickr

She is fugly now......

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