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 storage. AirAsia X to raise...
Malaysia Airlines Group (MAG) and Malaysia Airlines Berhad (MAB) reported their best Q4 results in the past two decades and significantly reduced the full-year net loss year on year. The airline is optimistic for this year, especially as China and North Asia are...
AirAsia X Malaysia ended the June quarter with an RM-652.5 million net loss. As the low-cost long-haul carrier resumed passenger operations in the quarter after two years of grounding due to the Covid crisis, the result can’t be compared to last year’s. AirAsia X...
Malaysia Airlines Group has announced the long-awaited decision on the renewal of its medium- to the long-haul fleet, selecting the Airbus A330-900 as the successor to the aging A330-200s and -300s. MAG has signed a Memorandum of Understanding with Airbus for a direct...
Malaysia Airlines Group produced a positive operating result or EBITDA in 2021, the first in many years. The result reflects efforts to restructure the balance sheet and reduce debt. With passenger traffic still low, MAB main revenue generator was cargo. Malaysia...
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