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flee last won the day on August 8 2009

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  1. IATA: Air cargo demand reaches zenith in March https://www.theedgemarkets.com/article/iata-air-cargo-demand-reaches-zenith-march
  2. Malaysia Aviation Group to accept 737 MAX jet deliveries from 2024 https://www.theedgemarkets.com/article/malaysia-aviation-group-accept-737-max-jet-deliveries-2024 Malaysia Airlines parent says 'never had’ M&A conversations with AirAsia amid Covid-19 https://www.theedgemarkets.com/article/malaysia-airlines-parent-says-never-had-ma-conversations-airasia-amid-covid19 Malaysia Airlines parent Malaysia Aviation Group denies mandating Goldman Sachs to guide aviation group's long-term business plan https://www.theedgemarkets.com/article/malaysia-airlines-parent-malaysia-aviation-group-denies-mandating-goldman-sachs-guide Malaysia Airlines owner Malaysia Aviation Group aims to break even by 2023 through Long Term Business Plan 2.0 — CEO https://www.theedgemarkets.com/article/malaysia-airlines-owner-malaysia-aviation-group-aims-breakeven-2023-through-long-term
  3. It looks like AirAsia X is on target to reduce their fleet - but I think they need to get rid of more planes because their flights have not resumed due to to Covid-19 not going away anytime soon. Under normal circumstances, they would have gone into liquidation. However, their owners seem to want to hold on....
  4. So we know 3 planes (XXP, XXY and XBD) have left the D7 fleet - they said they want to return 5 planes to the lessors.
  5. Not surprising as D7 cannot pay. AirAsia X’s quarterly net loss narrows to RM174m - https://www.theedgemarkets.com/article/airasia-xs-quarterly-net-loss-narrows-rm174m
  6. Thai Airways fleet looks like an aircraft museum! MAG can't really do fleet planning without a strategic long term plan. That is why they are so quiet on these matters. The Khazanah bailout is only enough to sustain current flying activities but leaves little for future development.
  7. Thai Airways lost a lot of money in 2020 - https://www.bloomberg.com/news/articles/2021-02-25/thai-airways-posts-record-4-7-billion-loss-as-debt-revamp-looms#:~:text=The net loss widened to,the Stock Exchange of Thailand. MAG does not publish any numbers but a good guess is that 2020 losses will be more than RM 1bn. Airasia X lost RM 1.4bn, so billion RM losses should be the norm for 2020.
  8. AirAsia Group recognises RM299m loss on Japan associate's bankruptcy proceedings https://www.theedgemarkets.com/article/airasia-group-recognises-rm299m-loss-japan-associates-bankruptcy-proceedings
  9. Since there are not many deliveries in 2021, we will let this thread continue into 2021. A small update from skyliner: Airbus A330-343 MSN1481 REG:9M-XXP AirAsia X ferried 15feb21 KUL-SYD-WTB for storage
  10. Top Hong Kong poker player raises bet on AirAsia Group via private placement https://www.theedgemarkets.com/article/hong-kongs-stanley-choi-emerges-substantial-shareholder-airasia
  11. Bloomberg report: https://www.bloomberg.com/news/articles/2021-02-22/malaysia-airlines-parent-firm-gets-green-light-for-restructuring Khazanah did not have a choice - they have to keep MAG going and bail them out again! With Covid-19 vaccinations progressing now, there should be some hopes that travel will resume by 2H 2021. MAB should be looking at what routes they will begin to operate in that period. It is likely that more weight will be given to routes where cargo traffic is highest. They need to evaluate what their fleet requirements are and drop aircraft if they are surplus to requirements. With lease rates lower these days, there is no real need to replace their relatively young aircraft fleet. They may only want to look at receiving new aircraft after 2025. Boeing will surely push them to take delivery of their Max 8 on schedule. Good thing that the Max 10 is delayed. As for widebodies, the A380 looks like it is gone. The A350 is good for the LHR service (and maybe to Japan and Australia). MAB should also consider using the A350 to reintroduce pax service to AMS. It is likely that Europe will open up to travellers sooner than Asia Pacific. Many A333s will see their leases expire - MAB should negotiate aggressively to extend these at a much lower rate because the A333 were used for cargo flights and will continue to be a useful aircraft to have, especially at lower lease rates. The PW4170 engines are still young and should still be good - but MAB must inspect the blades closely. Lets hope that MAB can be more transparent and let us know what their plans are for the coming years.
  12. Analysts say AirAsia’s private placement plan critical to keep it afloat https://www.theedgemarkets.com/article/airasias-private-placement-move-right-direction
  13. 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
  14. Airasia X has cancelled its order for 10 A350s in the Airbus Orders and Deliveries report for Dec 2020. https://www.airbus.com/aircraft/market/orders-deliveries.html
  15. I think you are 100% correct. It will be business as usual - there will be no major changes. Same old inefficient, incompetent and overpaid management. Wait for the next "turnaround" plan in 2 or 3 years.
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