Tag: AirAsia
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Commentary: Troubled AirAsia needs some government indulgence, not a blank cheque
Malaysia has repeatedly used public funds and government-backed financing to support troubled corporations. AirAsia’s financial woes offer an opportunity for a fresh template, writes CNA’s Leslie Lopez.
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Malaysia has made no commitment to provide financing support to AirAsia, ministry says
Any request for support from companies in any sector “will be considered based on the interests of the country and the people, the fiscal sustainability of the government and the protection of public funds, in accordance with applicable laws and procedures,” said Malaysia’s finance ministry.
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Despite AirAsia chief’s rebuttal, analysts less sanguine over budget carrier’s financial plight
As the Malaysian budget carrier reportedly seeks fresh financing, analysts are scrutinising whether its financial strains reflect a temporary industry shock or deeper vulnerabilities.
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‘Ludicrous statement’: AirAsia co-founder Tony Fernandes refutes report claiming it needs government bailout
Addressing reporters during an online briefing on Friday (Sep 18), he said “no such conversations happened”.
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AirAsia’s Fernandes says travel demand remains strong, current crisis ‘far’ less severe than COVID-19
HONG KONG: AirAsia co-founder Tony Fernandes said on Friday (Sep 18) that the low-cost carrier’s challenges from soaring jet fuel costs were “far, far” less severe than those it faced during the COVID-19 pandemic period.Speaking at a media briefing, he also said strong demand for air travel continued to suppo
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Timeline: From budget-airline pioneer to financial strain – how did AirAsia get here?
Bought for RM1 in 2001, AirAsia grew from a struggling Malaysian carrier into one of Asia’s best-known low-cost airline groups, but more than two decades later, it is facing mounting financial pressure from debt and rising fuel costs.
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AirAsia launches first codeshare with Turkey’s Pegasus Airlines
KUALA LUMPUR, Sept 2 : AirAsia is launching its first-ever codeshare partnership with Turkey’s low-cost carrier Pegasus Airlines, opening up connections between Southeast Asia and Europe via Istanbul, the airline said on Wednesday.The partnership initially covers London, Moscow, Athens, Ankara and Zurich, and
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AirAsia halts direct flights between Singapore and Jakarta
AirAsia’s Indonesian subsidiary Indonesia AirAsia previously provided a daily Singapore-Jakarta service, but this will be halted from July.
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AirAsia reviewing policy after family with cerebral palsy child removed from flight due to ‘safety requirements’
The woman said that her daughter had flown with AirAsia before, and questioned if that meant the policy was breached during those earlier flights.
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