AirAsia Berhad

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#1
28 Jun, 2011, 05.21AM IST,Bloomberg
AirAsia may contest with IndiGo for flights to India

PARIS: AirAsia Bhd plans to boost flights to India, paving the way for a contest with IndiGo after the two low-cost airlines placed record orders for Airbus SAS planes last week.

AirAsia will use its Bangkok hub as the focus for its Indian expansion, Chief Executive Officer Tony Fernandes said in a June 23 interview at the Paris Air Show, after the Sepang, Malaysia-based carrier ordered 200 A320neo planes. IndiGo, which confirmed a deal for 180 A320s a day earlier, is set to begin overseas flights, including to Bangkok, in September.

Thai AirAsia Co will likely boost its fleet to as many as 70 planes from 20 to support expansion in India and northern China, Tassapon Bijleveld, the unit's CEO, said at the show.

AirAsia, the region's biggest budget carrier, is targeting India and China as economic growth and rising wages stoke travel demand among the countries' 2.6 billion people.

AirAsia will target India and northern China from Bangkok because the city is closer to these markets than Kuala Lumpur, its home base, Fernandes said. That will help keep flight times under three hours, the company's preferred model, he said.

The Thai unit, which now flies to Kolkata and New Delhi, may add as many as six destinations in India, Tassapon said. It will also boost its China network by a similar number, he said. Presently, the unit's only destinations in mainland China are Guangzhou and Shenzhen. The carrier also flies to cities in Southeast Asia from Bangkok.

AirAsia's Malaysian operations may expand to 100 planes from about 60 as new aircraft come into service, Fernandes said. This unit predominately serves Southeast Asia, though it also has flights to India and China. AirAsia also has a venture in Indonesia, and it is working on setting up operations in the Philippines and Vietnam.

The carrier will receive its A320neo planes, worth $18 billion at list prices, in the 10 years starting 2016.
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#2
Have seen newspaper report saying Kingfisher ( indian airline ) has decided to end overseas flight routes at end of April 2012 due to rising fuel costs and just focus on its internal routes in India.

Is this good opportunity for AirAsia ?
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#3
Have seen newspaper report saying Kingfisher ( indian airline ) has decided to end overseas flight routes at end of April 2012 due to rising fuel costs and just focus on its internal routes in India.

Is this good opportunity for AirAsia ?
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#4
A stock to focus in M'sia stock? Added into my watch list... Big Grin

AirAsia gets approval for India investment

DELHI — AirAsia has won approval in India to form a joint venture, the country’s first foreign investment proposal after airline ownership rules were eased.

The airline venture, which includes the Tata group, was approved by the Foreign Investment Promotion Board and will now need to get a licence from the Directorate General of Civil Aviation.

http://www.todayonline.com/business/aira...investment
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#5
http://www.businesstimes.com.sg/transpor...ia-profits

Fall in jet fuel prices may lift AirAsia profits
Hong Leong Investment Bank sees prices staying at current levels in Q4 and whole of 2015

By
S Jayasankaran btworld@sph.com.sg
22 Oct5:50 AM
Kuala Lumpur

THE decline in the price of jet fuel by more than 17 per cent since the first half of 2014 is likely to boost the profitability of low-cost carrier AirAsia at a time when the airline is in danger of being downgraded by aviation analysts.

Jet fuel prices have dropped to
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#6
http://businesstimes.com.sg/transport/mi...es-missing

29 Dec9:15 AM
[KUALA LUMPUR] Shares in AirAsia fell 11.6 per cent after one of its aircraft went missing in bad weather on Sunday on its way to Singapore from the Indonesian city of Surabaya.

Shares of the Malaysia-based budget airline fell at the start of trade on Monday, after Indonesia resumed its search for the missing jetliner QZ8501 at first light on Monday.

AirAsia fell as much as 12.9 per cent to 2.56 ringgit at 0102 GMT, its lowest point since Nov 28. The stock has gained 21.4 per cent since the beginning of the year.
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#7
My best wish for the passengers and staffs on board of QZ8501. I am a free-thinker, but I will pray for them...

(not vested)
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
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#8
it's been a very bad year for them nothing like this has ever happen it's like something targetting them 3 missing in a year all somehow related to msia and I hear airasia bought new aircraft recently if they cannot find the plane insurance will pay or not?
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#9
(29-12-2014, 11:55 AM)sgd Wrote: it's been a very bad year for them nothing like this has ever happen it's like something targetting them 3 missing in a year all somehow related to msia and I hear airasia bought new aircraft recently if they cannot find the plane insurance will pay or not?

not sure, but apparently AirAsia's lead reinsurer is Allianz, which was also the lead liability insurer for MAS...

http://businesstimes.com.sg/transport/ai...asia-plane
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#10
(29-12-2014, 10:15 AM)CityFarmer Wrote: My best wish for the passengers and staffs on board of QZ8501. I am a free-thinker, but I will pray for them...

(not vested)

Just wondering, free-thinker should pray to who?Idea
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