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Malaysia Airlines, AirAsia merger unlikely

KUALA LUMPUR: Aviation is among the sectors hardest hit by the Covid-19 pandemic, possibly driving many airlines into technical bankruptcy. For Malaysia’s major airlines, experts say a rescue plan is a must but merger is an unlikely option. Shukor Yusof, head of aviation consultancy Endau Analytics, said a merger between Malaysia Airlines Bhd (MAB) and AirAsia Group would harm Malaysian consumers by creating a monopoly on […]

AirAsia counters top picks after announcement

KUALA LUMPUR: AirAsia counters emerged as among the most active stocks on Bursa Malaysia today after the low-cost carrier announced it will resume its scheduled domestic flights, beginning with Malaysia on April 29, 2020. As at 3.31 pm, AirAsia Group Bhd rose 8.5 sen to 87 sen with 151.61 million shares changing hands, while its long-haul arm, AirAsia X […]

AirAsia resumes domestic flights from April 29

KUALA LUMPUR: AirAsia Group Bhd will resume its scheduled domestic flights starting April 29, 2020 before gradually adding international destinations, subject to approval from the authorities. The international flights to Thailand and the Philippines are scheduled to resume on May 1, and Indonesia on May 7, the airline said in a statement yesterday. “The resumption of services will initially be for key selected […]

Sarawak disagrees with cancelling flights

KUCHING: The Sarawak government does not agree with the cancellation of flights to the state by airline companies from April 15 to 30. State Disaster Management Committee (SDMC) deputy chairman Datuk Abdul Karim Rahman Hamzah said the committee felt that flights from Malaya to Sarawak and vice-versa were necessary to meet the essential travel requirements. […]

AirAsia’s SOS campaign receives overwhelming response

KUALA LUMPUR: AirAsia’s newly-launched Save Our Shops (SOS) campaign that helps merchant market their products online, has received an overwhelming response with over 580 new merchants successfully registered as of April 8 to fulfil home-delivery services. Pete Chareonwongsak, the chief executive officer of Air Asia Group’s logistic arm, Teleport, said the merchants onboard have products for daily […]

AirAsia Group suspends most international flights

KUALA LUMPUR: AirAsia Group Bhd has temporarily suspended all of its international flights for operations in Malaysia, Thailand and the Philippines in light of Covid-19. As for AirAsia Indonesia, the airline group has significantly reduced the frequency of its international flights, while domestic operations continue at reduced frequency. “The board believes this temporary fleet hibernation is the right thing […]

AirAsia pare down losses after top brass cleared from allegations

KUALA LUMPUR: Amid global volatility, Air Asia stocks have pared down its losses in today’s early trading after their co-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun were cleared from corruption allegations related to the Airbus scandal.  As at 10.15 am, AirAsia Group was four sen lower to 64 sen compared to its earlier loss of […]

Good gestures by AirAsia, MAS

KUCHING: Tourism, Arts and Culture Minister Datuk Abdul Karim Rahman Hamzah yesterday praised AirAsia and Malaysia Airlines (MAS) for coming up with ‘relief’ plans for their customers who were affected by Covid-19 pandemic. He stated that it was good to hear that the two airlines have come up with relief plans for those who have […]

Cash flow constraints in Malindo Air?

AIRLINES-COVID-19 KUALA LUMPUR: As countries close their borders for passengers especially from the influenza Covid-19 hit nations, airlines have started to feel the shivers with Malaysia’s Malindo Air citing cash flow constraints. Some have announced cost-cutting measures such as salary cuts for management and cabin crew, while others reduced growth and passenger target. In Malaysia, Malindo Air seems to be the first to […]

Mavcom fines AirAsia, MAHB

KUCHING:  The Malaysian Aviation Commission (Mavcom) has imposed financial penalties on AirAsia Berhad (AirAsia), AirAsia X Berhad (AirAsia X) and Malaysia Airports (Sepang) Sdn Bhd (MA Sepang), a subsidiary of Malaysia Airports Holdings Berhad (MAHB). The financial penalties imposed on AirAsia and AirAsia X, amounting to RM2 million each, were due to the airlines’ continued […]