AirAsia X intends to raise RM 50 million ($11 million) of new capital with the placement of shares with two institutional investors. Proceeds will be used for the reactivation and maintenance of some six Airbus A330s that are currently in…
Malaysian long-haul low-cost AirAsia X is on the way back to recovery, reporting improvements in revenues, profits, and costs after some very difficult years during the Covid crisis. The carrier expects to benefit this year from the relaunch of its most…
AirAsia expects to launch operations of a new joint-venture airline in Cambodia in late 2023. The Malaysian low-cost airline Group, which is part of Capital A, has signed a joint-venture agreement with Cambodia’s Sivilai Asia on December 9. AirAsia Cambodia…
Malaysian low-cost airline AirAsia X expects to return its network to pre-pandemic levels in early 2023. The carrier will announce a number of new routes soon and plans to grow its active fleet from six Airbus A330s now to thirteen in…
AirAsia is growing its presence in the cargo market, expanding the fleet of its dedicated cargo subsidiary Teleport by three full freighters. Teleport will add three converted Airbus A321P2Fs next year, with the first to join the airline in Q1.…
AirAsia Aviation Group expects to recover to full capacity by the second quarter of 2023. The low-cost airline group of four airlines has seen a strong recovery in Q2 this year, which has continued into August. AirAsia reaffirmed its order for…