AirAsia and AirAsia X are planning to appeal an order from the Malaysian High Court to pay nearly MYR42 million ($10.2 million) in passenger service charges (PSC) and late payment charges to Malaysia Airports (MAHB).The 18 July ruling states that both carriers will have to pay MYR40.7 million in unpaid PSCs, and MYR792,400 in late payment charges after applications by the carriers to strike out or seek a stay of proceedings in lawsuits filed by the airport operator were dismissed.A declaration w...
FLIGHTGLOBAL
READ MORE
|
The parent company of Thai Airasia, Asia Aviation, first quarter operating profit fell 46% to Bt1.1 billion ($34.7 million). Revenue for the quarter ended 31 March was flat at Bt11.6 billion, but expenses rose 10% to Bt10.5 billion. Net profit fell 50% to Bt497million. The company says that fuel costs rose during the quarter, as did airport and MRO costs. Despite this, the carrier’s CASK was flat compared with a year ago at Bt1.53 due to a 10% increase in ASKs and a longer average stage le...
FLIGHTGLOBAL
READ MORE
|
The Company wishes to announce that its wholly-owned subsidiary AirAsia Investment Limited, together with Gumin Company Limited and Hai Au Aviation Joint Stock Company, have amicably agreed to terminate and release each other from all obligations under the transaction agreements in relation to the proposed joint venture in Vietnam, effective 17 April 2019,” says AirAsia in a statement. The carrier initially announced the joint venture in March 2017, and had reiterated its commitment to the...
FLIGHTGLOBAL
READ MORE
|
Asia Aviation has decided to walk away from a potential stake acquisition in struggling low-cost rival Nok Air.With respect to announcement of Asia Aviation Public Company Limited to the Stock Exchange of Thailand on February 25, 2019 regarding the clarification of news in relation to an acquisition of shares, please be advised that the Company shall not further proceed on such matter,” says the parent of Thai AirAsia in a brief stock exchange statement.Asia Aviation gave no details for it...
FLIGHTGLOBAL
READ MORE
|
Indonesia AirAsia's (IAA) parent company, AirAsiaIndonesia, posted an operating loss of Rp782 billion ($55.6 million) for 2018 as the airline was hit by higher fuel and operating costs. The result is a stark contrast to the Rp328 billion operating profit realised in 2017.Revenue for the year to December 2018 rose 11% to Rp4.2 trillion, while expenses jumped 31% to Rp5.52 trillion, due to higher fuel, maintenance, airport charges, and aircraft leasing costs took a hit on the company.Indonesia...
FLIGHTGLOBAL
READ MORE
|
Thai AirAsia parent company Asia Aviation (AAV) has confirmed that it is considering taking a stake in loss-making carrier Nok Air. The company confirmed its interest in a Stock Exchange of Thailand disclosure, following Thai media reports indicated that it had come to an agreement to acquire a stake in Nok from that carrier's majority shareholders, the Jurangkool family.In its statement, AAV's chief financial officer Santhat Sanguandikul states that while the company is "currently ...
FLIGHTGLOBAL
READ MORE
|
AirAsia X posted a full-year operating loss of MYR204 million ($50 million) in 2018, reversing last year's operating profit of MYR113 million as flat revenue and higher fuel costs took a hit on the operator. Revenue for the year fell by 0.4% to MYR4.54 billion. Expenses rose 5.9% to MYR4.78 billion, as higher fuel prices offset lower maintenance and aircraft leasing cost.The company also turned in an attributable net loss of MYR313 million, compared to a MYR98.9 million net profit last year....
FLIGHTGLOBAL
READ MORE
|
Thai AirAsia X will launch four-times weekly services from Bangkok Don Mueang to Brisbane from 25 June, making it the first AirAsia-branded carrier to serve the Queensland capital. FlightGlobal schedules data shows that the flights, which will be operated by Airbus A330-300s, will compete with Thai Airways International’s four weekly Boeing 777 services that fly to Bangkok Suvarnabhumi airport.This new route to Brisbane will not only increase traffic between Thailand and Queensland, but im...
FLIGHTGLOBAL
READ MORE
|
AirAsia and AirAsia X have increased their claim against Malaysia Airports Holdings (MAHB) by around MYR80 million ($19.5 million), as it presses for mediation with the airport operator. The low-cost carrier says that the "main part" of the MYR480 million in claims comes from a loss of customers in the last four years, owing to disruptions and poor condition of the KLIA2 terminal at Kuala Lumpur International airport.The two carriers had previously indicated that they would make a clai...
FLIGHTGLOBAL
READ MORE
|
AirAsia and AirAsia X have filed motions to have an MYR36.4 million ($8.8 million) lawsuit brought against them by Malaysia Airports (MAHB) over unpaid passenger service fees struck out, and made a separate MYR400 million claim against the airport operator. In December 2018, MAHB issue of a writ of summons for MYR9.4 million from AirAsia, and an MYR27 million claim against AirAsia Xover unpaid passenger service charges....
FLIGHTGLOBAL
READ MORE
|