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August 15, 2018 2:50 AM AirAsia share price up marginally after selling stake in Expedia JV

PETALING JAYA: AirAsia Group Bhd's (AAG) share price rose 0.90% this morning after it divested its remaining 25% stake in its joint venture (JV) company, AAE Travel Pte Ltd for US$60 million (RM240 million). The airline sold its remaining stake to the 75% stakeholder in the company Expedia Inc’s Expedia Southeast Asia Pte Ltd -- in a bid to monetise 6

August 14, 2018 3:39 PM AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc's Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. The group announced in a bourse filing yesterday 8

August 6, 2018 7:39 AM 190 M’sians evacuated from quake-hit Lombok

KUALA LUMPUR: Some 190 Malaysians were evacuated from Lombok, Indonesia, after a magnitude 7 earthquake struck the island on Sunday, Foreign Affairs Minister Datuk Saifuddin Abdullah announced today. One of the evacuees was Home Affairs Ministry secretary-general Datuk Alwi Ibrahim and his delegation who were on the popular resort island to attend a regional 11

August 2, 2018 4:14 AM AirAsia bullish on Indonesian market

JAKARTA: Malaysian low-cost carrier AirAsia, which will start flights to Silangit Airport, Indonesia, the main gateway to Lake Toba from Oct 28, is looking to increase its services in Indonesia, a market in which it sees huge potential. Speaking at a press conference in conjunction with the official launch of the new route today, AirAsia Group CEO Tan Sri Tony Fernandes 8

July 30, 2018 10:39 AM Five Malaysian climbers return from Lombok

SEPANG: Five Malaysian climbers have safely returned home following Sunday's powerful 6.4 magnitude earthquake that hit Lombok, Indonesia. One of the climbers, Siti Hidayah Zainuddin, 38, said during the tragedy, she was with 19 other and they were arranging their backpacks before continuing with their expedition to the top of Mount Rinjani. "We were scheduled 7

July 27, 2018 9:23 AM AirAsia Q2 load factor down 3% to 86% on seat capacity expansion

PETALING JAYA: AirAsia Group Bhd's operations in Malaysia, Indonesia and the Philippines saw a 3% drop in its load factor to 86% for the second quarter of 2018 (Q2 18) compared to the same period of 2017. The low-cost carrier said in a statement that it carried 10.88 million passengers in Q2 18, representing a 13% increase against the 9.61 million passengers 8

July 26, 2018 5:28 AM Govt to study AirAsia's proposal to move back to Terminal 2 KKIA

KUALA LUMPUR: The Transport Ministry will study AirAsia's proposal to move its operations back to Terminal 2 of the Kota Kinabalu International Airport (KKIA). Its minister Anthony Loke Siew Fook said talks will be held with the Sabah state government before a final decision is made. "Terminal 2 is now operating, but only for general services aviation 6

July 25, 2018 3:51 PM Thailand approves electric vehicle investment plans of Nissan, Honda

BANGKOK: Thai authorities said today they have approved investment plans worth 29.63 billion baht (RM3.8 billion), including projects by two Japanese automakers to produce hybrid electric vehicles and batteries. Nissan Motor (Thailand), a unit of Nissan Motor Co will invest 10.96 billion baht in one venture while Honda Automobile (Thailand), a subsidiary 7

July 20, 2018 7:30 AM AirAsia X inks conditional amendment agreement with Airbus for additional 34 aircraft

PETALING JAYA: AirAsia X Bhd has entered into a conditional amendment agreement with Airbus S.A.S for the purchase and delivery of an additional 34 A330-900neo aircraft pursuant to the A330-300 purchase agreement dated June 14, 2007. This comes after the low-cost long-haul carrier announced yesterday that it had placed an order of 100 Airbus A330neo widebody 10

July 19, 2018 11:11 AM AirAsia X places 66 widebody aircraft order

SEPANG: AirAsia X,w has confirmed an order for 66 A330neo widebody aircraft with an additional 34 aircraft, bringing its total order to 100. AirAsia Group CEO and AirAsia X co-group CEO Tan Sri Tony Fernandes said the list price for the 100 aircraft is US$30 billion and the 100 aircraft will be used by AirAsia X Malaysia, Thailand and Indonesia 8