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AirAsia X submits application to exit PN17 status

KUALA LUMPUR: AirAsia X Bhd (AAX) is seeking a relief from Bursa Malaysia Securities Bhd to exempt the airline from the requirement to submit a proposed regularisation plan and the upliftment from being classified as a Practice Note 17 (PN17) affected listed issuer. From the onset of triggering suspended criteria under PN17 from July 30, […]

AirAsia X posts RM32.98 mln net profit

KUALA LUMPUR: Airasia X Bhd posted a RM32.98 million net profit for the 18 months ended Dec 31, 2022. Revenue during the period under review stood at RM878.17 million. As announced on Dec 2, 2020, the financial year end of the group has been changed from Dec 31, 2020, to June 30, 2021, and there […]

MAHB sets record straight over lawsuit against AirAsia X

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) today clarified that its filing of a RM78 million lawsuit against AirAsia X will not derail the latter’s debt restructuring scheme. “Malaysia Airports is pursuing its legal rights to recover the debt from AirAsia X which is critical for the upkeep and maintenance of the airports,” it said […]

AirAsia X offers 1 mln zero-fare long haul seats

KUALA LUMPUR: Asia’s leading low-cost carrier, AirAsia, is offering guests one million zero-fare seats to long-haul destinations, including Australia, Japan, Korea, Taiwan and India. The promotional airfares on sale by its long-haul affiliate AirAsia X are free excluding taxes and any applicable fees, the airline said in a statement today. Up for grabs are promotional […]