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Old May 14th, 2010, 12:36 PM   #1981
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Oman Air, MAS to ink deal by June 1
By Presenna NambiarPublished: 2010/05/14
http://www.btimes.com.my/Current_New...#ixzz0ntXoTknR

OMAN Air plans to sign a code- share agreement with national carrier Malaysia Airlines (MAS)(3786) by June 1.

"Our growth in the east has been very minimal. We have been looking for a strategic partner and MAS fits the bill," Oman Air chief commercial officer Barry Brown told reporters in Kuala Lumpur yesterday.

Currently, KL is only Oman Air's second destination in the east, the other being Bangkok. The carrier started four weekly flights between Muscat and KL on May 1.

Brown said he expects an initial load factor of 75 per cent to 85 per cent for the Kuala Lumpur-Muscat-Kuala Lumpur route.
The route will be operated by Oman Air's recently introduced Airbus A330 aircraft featuring first-class, business-class and economy-class seatings.

"We are confident that the market will grow to make it viable for us to start daily flights out of KL from early next year," he said.

Oman Air district sales manager Kathleen Leong said Malaysia and Oman recognise that there are mutual benefits to have direct flights, and the up-tick in the economies of both countries makes this a strategically smart move.

The airline is in particular targeting the pilgrimage and tourist markets.

Oman Air plans to open four other destinations this month, to Ras AlKhaimah, Al Ain, Islamabad and Lahore. The airline currently flies to 33 destinations around the world.
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Old May 17th, 2010, 08:08 PM   #1982
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MAS posts Q1 profit of RM310m
Published: 2010/05/17

Malaysia’s national carrier Malaysian Airline System Bhd said today fuel hedging gains and compensation for delayed aircraft delivery helped it return to profit in the first quarter, but warned the industry was still struggling to recover.

Europe’s economic turmoil resulting from speculation that Greece may default on its debts and the fragile outlook for the global economy will continue to dampen the air travel industry, it said.

“The outlook for the second quarter 2010 remains challenging. Oil prices continue to be volatile given the uncertainty in demand and supply and volatility of the US
dollar,” Malaysia Airlines said in a statement.

The state-owned airline posted January-March net profit of RM310 million (US$97.18 million) against a loss of RM698.5 million in the year-ago quarter.

It made a gain of RM56.7 million from fuel hedging contracts during the quarter against a loss of RM557 million a year ago.

Malaysia Airlines’ fuel cost rose 42 per cent in the first quarter to RM1.01 billion as a result of the 55 per cent rise in the price of jet fuel and the company said it was 60 per cent hedged at US$100 per barrel for 2010 and 40 per cent hedged at US$100 for 2011.

Analysts generally do not provide quarterly earnings forecasts for Malaysian companies.

The average forecast of eleven analysts tracked by Thomson Reuters I/B/E/S put Malaysia Airlines’ full-year net loss at RM30.4 million before the first-quarter results were announced.

The six-day shutdown of much of European airspace from the Icelandic volcanic eruption in April is estimated to cost carriers as much as US$1.7 billion in lost revenues, global airlines body IATA said earlier this month.

But airlines are still expected to fare better financially this year, with share prices and fares up, said IATA.

Three out of 14 analysts tracked by Thomson Reuters I/B/E/S have a “strong buy” rating on Malaysia Airlines, with five calling it a “hold”, four rating it an “underperform” and two others rating it a “sell”.

Shares of Malaysia Airlines, with a market value of US$2 billion, are down 9.2 per cent so far this year, lagging the 4.4 per cent gain in the broader market index and much worse than the 6.5 per cent fall in budget carrier AirAsia. -- Reuters
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Old May 17th, 2010, 08:09 PM   #1983
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MAS resumes flights to London, Amsterdam
Published: 2010/05/17

Malaysia Airlines (MAS) flights disrupted by the Icelandic volcano eruptions will resume after the re-opening of the airspace in the United Kingdom and Amsterdam.

Flights to other points in Europe were unaffected, it said in a statement here today.

MAS said the following flights would operate on schedule today (May 17) -- Kuala Lumpur-London (MH2) 11.40pm (Malaysian time), KL-Amsterdam (MH16) 11.55pm (Malaysian time) and tomorrow (May 18) London-KL noon (local time).

It said the KL-London (MH4) flight, which was supposed to depart at 10am (Malaysian time) has been rescheduled to depart at 12.40am (May 18 as MH4D) and was expected to arrive in London 6.50am, May 18 (local time).
Besides that, flight from Amsterdam to KL (MH17), which was supposed to depart at noon (local time) will depart from the city at 3pm (local time) and arrived in KL at 9am tomorrow, it said.

MAS said the London-KL (MH1D) flight would depart tomorrow at 9am (local time) and arrive at 4.10am (Malaysian time) on Wednesday.

Passengers on flights to KL from London (MH3 & MH1) would be transferred to MH1D, it said.

Passengers are advised to check the flight status at www.malaysiaairlines.com before proceeding to the airport.
Alternatively, they can check the status of their flights through MAS Call Centre 1300-88-3000 (within Malaysia) +603-7843000 (outside Malaysia).

For London and Amsterdam, passengers can contact MAS reservations offices for the latest schedules at these numbers: +44 (0) 8714239090 (London) and +31 205216250 (Amsterdam). - Bernama
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Old May 18th, 2010, 08:46 AM   #1984
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MAS to benefit from traffic, network growth
Published: 2010/05/18
http://www.btimes.com.my/Current_New...#ixzz0oG0HmDv5

Malaysia Airlines (MAS)'s growing traffic and its network expansion is expected to benefit the national carrier this year, MIDF Research said today.

Against this backdrop, it upgraded the recommendation for MAS to neutral with a revised target price of RM2.10 from RM2.05 previously.

However, the research house said the uncertainty of the volcanic ash release affecting Europe may further impact the airline despite its better performance in the first-quarter.

"Although its good performance suggests a higher re-rating, we believe there is still uncertainty in relation to the situation in Europe as the volcano continues its sporadic ash release," it said.
Meanwhile, OSK Research said the first-quarter performance was artificially higher due to the RM329 million compensation from Airbus due to delivery delay as well as a marked-to-market gain of RM56.7 million for fuel hedging.

It said MAS's core net loss of RM75.6 million in the first-quarter was way below its full-year profit estimates and market expectation of a loss of only RM50.3 million for financial year 2010.

"While we expect further improvement in air traffic and yield, especially after a seasonally weak quarter, the key drawback is still the stock's already rich valuation," it added. The research house reiterated its sell recommendation on the airline with a 12-month target price of RM1.50. -- Bernama
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Old May 18th, 2010, 08:54 AM   #1985
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AirAsia offers a million free tickets
Tuesday May 18, 2010

PETALING JAYA: Low-cost carrier AirAsia is giving travellers a reason to cheer - the airline is giving away a million free seats starting today.

The booking period for the “Free Seats” promotion begins today until Sunday, for travel between Jan 3 and May 8 next year.

Customers can choose from 130 destinations to 20 countries including India, Thailand, Indonesia, Laos, Singapore, the Philippines, Vietnam and China.

The promotion offers various “all-in fares” which are applicable for one-way travel inclusive of airport tax, with certain terms and conditions.

AirAsia's regional commercial head Kathleen Tan said many enquiries had been made on the airline's social platform about the promotion.

“This is the best chance for our guests to plan and book their flights for their travel plans next year and take advantage of Kuala Lumpur's status as a gateway to Asia, Australia and Europe to connect globally,” she said in a statement yesterday.

To complement the free flights, Tan added that AirAsia's one-stop travel portal was also offering online hotel deals from 70,000 hotels worldwide, tour packages and free tours and transfers to selected destinations via AirAsiaGo at www.airasiago.com.

For more information on free seats and other promotions, visit www.airasia.com or mobile.airasia.com.
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Old May 19th, 2010, 01:33 PM   #1986
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AirAsia offers one-way fare of A$378 from Australia to London via KL
May 19, 2010, Wednesday

MELBOURNE: AirAsia is offering a one-way fare from Australia to London via Kuala Lumpur for A$378, as part of a special network sale that sees virtual giveaway fares as low as A$3 a flight.Also, Tiger Airways is vowing to keep pushing down domestic air fares and has its eyes on expanding services that may include the Pacific Islands and flights to Indonesia, the Sydney Morning Herald reports.

As of yesterday until May 23, AirAsia is offering cut-price fares to 70 of its destinations, for travel between Jan 3 and May 8 next year.

An airline spokesman told the newspaper “tens of thousands” of seats were being offered in the sale across the AirAsia network.

AirAsia is also selling seats from Melbourne, Gold Coast or Perth to Kuala Lumpur from A$129. Fares include mandatory taxes and charges.

Return fares from London to Australia may not be identical (airport taxes differ) but are similarly low.

AirAsia has A$3 fares available on the routes of Kuala Lumpur to other Malaysian destinations, including Langkawi, Kuching and Penang, with A$9 and A$18 fares to other parts of Asia. The cheapest fares are for bookings made through the AirAsia website only. — Bernama
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Old May 20th, 2010, 07:21 PM   #1987
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AirAsia's Thai listing plans still on
Published: 2010/05/20

LOW-COST carrier AirAsia Bhd will continue with its plan for a dual listing in Thailand despite the political crisis in that country, said its Group Chief Executive Officer (CEO), Datuk Seri Tony Fernandes.

"A crisis will come and go. But our listing plans are still afoot," he told reporters on the sidelines of the Sixth World Islamic Economic Forum (WIEF) today.

He said the listing would happen once the political environment in Thailand shows recovery.

Fernandes, however, said there was no time frame or schedule for the listing.
On its operations in Thailand, he explained that the airline had a good sales period but obviously, it has fallen in the last two months.

"We will bounce back. The power of recovery in Asia is strong as we have undergone many crisis before," he added.

Earlier during the Global CEO Panel session, Fernandes said there was a need to spend on branding, as it is an important aspect of company performance and achievement.

The session, The New Game Plan:Thriving In a Post Crisis World, was moderated by FBC Media President, John Defterios.

"It is important to innovate and create a better environment.In AirAsia, we have spent a lot for branding," Fernandes stated.

In order to build branding worldwide, he said AirAsia had maximised its sponsorship programme.

The airline he explained had recently sponsored the Formula One Team and also became the official low-cost carrier for English Premier League team, Manchester United.

He said the airline will continue with efforts to capture a better slice of market share in the low-cost carrier segment.

BERNAMA
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Old May 20th, 2010, 07:22 PM   #1988
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AirAsia's inaugural Bangalore flight sees full load
Written by Melody Song Thursday, 20 May 2010 20:51
http://www.theedgemalaysia.com/busin...full-load.html

SEPANG: Low-cost carrier AIRASIA BHD [] on Thursday, May 20 launched its inaugural flight to Bangalore, India with a 100% load on its new Airbus A321 aircraft.

In a statement on Thursday, it said the sector was witnessing a load factor of almost 85% in the first few weeks. It is offering all-in fares from RM25 one-way from Bangalore as part of its recently-announced offer of one million free seats.

"The daily service is expected to cater to significant traffic including business and leisure travellers as well as students to and from the tech-hub in southern India," said AirAsia regional head of commercial Kathleen Tan in a statement on Thursday.

"In addition to this, the service is also expected to cater to and promote medical tourism in Bangalore. AirAsia foresees a huge demand from the health sector with patients seeking medical assistance from institutions based in Bangalore."

On its inaugural flight from Kuala Lumpur, AirAsia carried 15 children with congenital heart disease requiring open heart surgery, the airline said.

The children would be operated on at Narayana Hrudayalaya Heart Institute, Bangalore, the world's largest heart hospital for children.

Bangalore is AirAsia's seventh Indian destination after Trivandrum, Kolkata, Chennai, Kochi, Tiruchirappali and Mumbai.

The booking period for the free seat promotion runs until Sunday. The travel period is from Jan 3 to May 8, 2011.
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Old May 21st, 2010, 04:58 PM   #1989
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AirAsia to proceed with Thai listing
Published: 2010/05/21
http://www.btimes.com.my/Current_New...#ixzz0oZXo6uqK

LOW-COST carrier AirAsia Bhd (5099) will continue with plans for a dual listing in Thailand but will do so once the political environment there shows sign of recovery.

"Plans are still afoot. Crisis comes and goes," said its group chief executive officer Datuk Seri Tong Fernandes.

He said sales in Thailand slowed down in the last two months due to the uncertainties in that country and expects to have a tough time with its operations there up to July.

AirAsia has yet to set a date for the listing.
"Powers of recovery in Southeast Asia are very strong. We will help Thailand to bounce back. We owe it to the people there," he told reporters on the sidelines, after the Global CEO session at the World Islamic Economic Forum in Kuala Lumpur yesterday.

AirAsia has harboured plans of listing abroad since the inception of its Thailand and Indonesian associate airlines some six years ago.

The plan is to list AirAsia group in Thailand first before going forward with plans to list in Indonesia. This is line with its vision in becoming a full-fledged Asean airline.
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Old May 23rd, 2010, 10:19 AM   #1990
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Simply the best again! AirAsia is World’s Best Low Cost Airline

KUALA LUMPUR, 20 MAY 2010 – The world’s air travelers have spoken: AirAsia is the world’s best low-cost airline -- again.

In the annual global survey conducted by respected London-based aviation consultants Skytrax, almost 18 million travelers polled worldwide chose AirAsia as the World’s Best Low Cost Airline for the second consecutive year. AirAsia came out tops in the independent survey that measures airlines’ product and service standards.

AirAsia Chairman Dato’ Abdul Aziz Abu Bakar accepted the award on behalf of the airline at the ceremony in Hamburg, Germany, Thursday. In the same ceremony, AirAsia was also named Best Low Cost Airline Asia.

Dato’ Sri Dr Tony Fernandes, AirAsia Group CEO, said, “We are proud to be recognised as the world’s best for a second consecutive year. The Skytrax award is very special to us because it is voted on by passengers. It reaffirms once again that we are the People’s Champion.”

“The award is public and global recognition for the efforts of my colleagues, the AirAsia Allstars. They are the foundation of AirAsia’s success. The dedication, commitment, creativity and hard work they display every day, day in and day out, enable AirAsia not just to compete but also succeed on the global stage. And we’re just over eight years old!” Fernandes added.

AirAsia’s superstar status rides on the wings of its consumer-friendly products and services, including low fares, a modern fleet, an extensive network and great flight frequencies, convenient booking and payment channels, and choose-your-own features for meals, seats and baggage allowances.

The airline is known for its innovations, popularizing technology-backed travel services such as web bookings; web, mobile and kiosk check-in services; and the use of real-time interactive platforms such as YouTube, blog, Facebook and Twitter in communicating with guests.

AirAsia’s operations are anchored in its mission to democratise travel, encapsulated in its tagline Now everyone can fly. It has ferried more than 92 million guests to date. AirAsia has also established itself as the Truly Asean (Association of Southeast Asian Nations) airline, with its unmatched connectivity in the region and its “sky bridges” – routes – that link the capitals and communities of Southeast Asia to each other and beyond.

Since its launch as a Low-Cost Carrier in late 2001, AirAsia has grown from 250 employees, two aircraft and one destination to an Asean-wide Group with almost 7,500 employees, 92 aircraft and more than 65 destinations. AirAsia has been operationally profitable from day one of its launch as a low-cost carrier. Together with its low-cost, long-haul affiliate AirAsia X, the airline now links three continents – Asia, Australia and Europe.

Last edited by World 2 World; May 23rd, 2010 at 10:25 AM.
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Old May 24th, 2010, 12:53 PM   #1991
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Quote:
Originally Posted by nazrey View Post
AirAsia offers a million free tickets
Tuesday May 18, 2010

PETALING JAYA: Low-cost carrier AirAsia is giving travellers a reason to cheer - the airline is giving away a million free seats starting today.

The booking period for the “Free Seats” promotion begins today until Sunday, for travel between Jan 3 and May 8 next year.

Customers can choose from 130 destinations to 20 countries including India, Thailand, Indonesia, Laos, Singapore, the Philippines, Vietnam and China.

The promotion offers various “all-in fares” which are applicable for one-way travel inclusive of airport tax, with certain terms and conditions.

AirAsia's regional commercial head Kathleen Tan said many enquiries had been made on the airline's social platform about the promotion.

“This is the best chance for our guests to plan and book their flights for their travel plans next year and take advantage of Kuala Lumpur's status as a gateway to Asia, Australia and Europe to connect globally,” she said in a statement yesterday.

To complement the free flights, Tan added that AirAsia's one-stop travel portal was also offering online hotel deals from 70,000 hotels worldwide, tour packages and free tours and transfers to selected destinations via AirAsiaGo at www.airasiago.com.

For more information on free seats and other promotions, visit www.airasia.com or mobile.airasia.com.
this is trully amazing, booked free CGK-KUL, KUL-BKK, BKK-SGN in March 2011.

Thanks Air Asia!
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Old May 25th, 2010, 09:28 AM   #1992
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image hosted on flickr
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Old May 27th, 2010, 07:22 PM   #1993
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I wonder why Malaysia Airlines doesnt fly to Buenos Aires from Kuala Lumpur with just one stop... At the moment it stops in Johannesburg and Cape Town. Is it for commercial reasons or what? A friend of mine flyed on the route and said it had a great ocuppation and It's really important for cargo traffic also, as many polo horses are taken to Asia through this airline. Thanks
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Old May 31st, 2010, 11:47 AM   #1994
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AirAsia plans Thai IPO, dual listing
Published: 2010/05/31
http://www.btimes.com.my/Current_New...cle/index_html

AirAsia Bhd, Southeast Asia’s biggest budget airline, is considering an initial public offering of its unit in Thailand next year amid a surge in leisure travel in the region.

Sepang, Malaysia-based AirAsia, whose shares are now traded in Kuala Lumpur, is separately considering a dual listing of its shares in Thailand, Thai AirAsia Chief Executive Officer Tassapon Bijleveld, said in an interview in Bangkok. He didn’t elaborate.

Budget airlines in Asia-Pacific are expanding as travel within the region overtook intra-North America as the world’s biggest aviation market last year. Tiger Airways Holdings Ltd, a discount carrier part-owned by Singapore Airlines Ltd, raised S$233 million (US$166 million) in an IPO in January as carriers in Vietnam and Indonesia also consider fund-raising plans.

AirAsia gained as much as 4.3 per cent to RM1.22 and traded at that price at 11:20 a.m. in Kuala Lumpur. The shares have fallen 12 per cent so far this year. -- Bloomberg
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Old May 31st, 2010, 11:47 AM   #1995
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AirAsia bags ICT award
Published: 2010/05/31
http://www.btimes.com.my/Current_New.../aa30/Article/

AMSTERDAM: MALAYSIAN low-cost carrier AirAsia Bhd (5099) has won the private-sector category of the World Information Technology and Services Alliance (Witsa) ICT Excellence Award presented in conjunction with the World Congress on Information Technology (WCIT 2010) here.

In a statement last Saturday, Witsa said that AirAsia had demonstrated the strategic value of information and communications technology (ICT) in improving competitiveness, with a very high majority of its passengers making their bookings online.

AirAsia was also the world's first airline to allow SMS (short messaging service) booking and payment of airline tickets.

The other recipient of the private-sector award was Mondero, a leading means of payment in the micro-payment segment in Argentina. - Bernama
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Old June 3rd, 2010, 06:42 AM   #1996
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AirAsia to transfer debt to foreign units
Published: 2010/06/03
http://www.btimes.com.my/Current_New...#ixzz0pl3VD9PV

AirAsia Bhd, Southeast Asia’s biggest discount carrier, plans to transfer some of its debt to its units in Indonesia and Thailand as part of a plan to restructure its finances, chief executive officer Datuk Seri Tony Fernandes said in an interview in Kuala Lumpur today.

The company also plans to list the units after the restructuring is completed, he said.

Fernandes also said AirAsia's load factor is “very strong”.

AirAsia will reduce plane deliveries from 24 to 10 to 14 a year, he added.

The company will add 12 planes a year to its fleet to meet strong demand, he said.

The shares of AirAsia climbed the most in a week in Kuala Lumpur trading, rising 5 per cent to RM1.26 at 9:26 am local time, set for their biggest advance since May 27. -- Bloomberg
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Old June 9th, 2010, 09:20 AM   #1997
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AirAsia X offers free seats again
Published: 2010/06/09
http://www.btimes.com.my/Current_New...34421/Article/

AIRASIA X is offering free seats to destinations like London and Taipei to commemorate its next growth phase after carrying two million people since November 2007.

Other destinations are Tianjin, Hangzhou, and Chengdu in China, Gold Coast, Melbourne, Perth in Australia and Mumbai and Delhi in India, it said in a statement.

Booking will just be for 48 hours from June 9 and for travel period from October 11 to November 14, 2010.

Promotional seats are limited and available on first-come, first-served basis and made exclusively online via www.airasia.com and mobile.airasia.com.
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Old June 9th, 2010, 10:04 AM   #1998
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AirAsia X plans IPO next year
By LEONG HUNG YEE Wednesday June 9, 2010

Long-haul budget carrier to become stand-alone airline

SEPANG: Long-haul budget carrier AirAsia X Sdn Bhd is planning an initial public offering (IPO) in the second half of 2011, subject to market conditions.

However, where it will be listed and the size of the IPO have not been determined.

AirAsia Bhd group chief executive officer Datuk Seri Tony Fernandes said AirAsia X would restructure itself to become a stand-alone airline.

“There have been talks on whether AirAsia X will be merged with AirAsia. We studied the best scenario and decided to let AirAsia X become a stand-alone company and be more focused on its business.

“This move will allow both AirAsia and AirAsia X to pursue a clearer and more focused business strategy,” he said at a briefing here yesterday.

Under the restructuring, AirAsia X will take over employment of its own pilots, cabin crew and ground staff.

The announcement is expected to alleviate AirAsia’s concerns that the company is funding the growth of the privately-owned AirAsia X.

Fernandes said investors were concerned over speculation that AirAsia and AirAsia X would be merged and wanted to make it clear that AirAsia would not be funding AirAsia X.

“There has been an overhang on AirAsia and whether it is going to take on the financing of the aggressive expansion of AirAsia X. AirAsia will not be funding AirAsia X. It will be funded separately though an IPO,” he said.

AirAsia X chief executive officer Azran Osman Rani said an airline required capital to grow, hence it needed to raise money instead of remaining as a private entity. He said funds raised from the IPO would be used to fund its fleet expansion.

Fernandes said the carrier was “starting the process” and there was not much detail yet.

AirAsia X has yet to appoint any advisors or investment bankers.

“We need to delivery profits this year to show investors our track record,” Azran said, adding that AirAsia X started at end-2007.

AirAsia X posted revenues of RM720mil and RM231mil for the financial year ended Dec 31, 2009 and 2008 respectively. Net profit last year was RM87mil and the airline is targeting a net profit margin of some 7% this year.

Azran said the carrier intended to double its revenue this year and was hopeful of hitting RM2bil in 2011.

AirAsia X has recently completed its RM100mil rights issue to reduce its debt. Its gearing stands at 260% currently.

Fernandes said AirAsia would still support AirAsia X and might profit-share on some routes although AirAsia would focus on destinations below four hours of flight time.

Azran said AirAsia X had received approval from authorities to fly to Tokyo but was still awaiting approval from Japanese authorities.

He added that the airline was evaluating the possibility of flying to a destination in continental Europe early next year as well as restarting some Middle East routes.

Asked when AirAsia would begin to fly to the United States, Azran said: “I don’t think US market is realistic this year but next year maybe.”

Fernandes said AirAsia X and AirAsia combined could eventually be as large as Singapore Airlines.

“If you look at Cathay Pacific and Singapore Airlines, they do not have the connections that AirAsia provides (to AirAsia X),” he said.

AirAsia X currently operates a fleet of eight aircraft – six A330s and 2 A430s. It will be taking delivery of three more A330s by the end of the year. It has also ordered 17 more A330s and 10 A350s to be delivered from next year till 2020.

Fernandes said AirAsia’s gearing was necessary to fund expansion. AirAsia has a net gearing ratio of 2.25 and is looking to slow down aircraft delivery to maintain its gearing level and transfer the debts of its Thai and Indonesian operations back to the respective countries.

“If I had listened to analysts and had five planes a year, Tiger (Airways) would crush us by now. But now, I can slow down our growth because we have reached a size where no one can touch us,” he said.

While AirAsia X is pursuing the strategy of becoming a stand-alone airline, it will continue to use the AirAsia brand as part of its 30-year brand licence agreement and the airasia.com website for a single ticketing of AirAsia and AirAsia X.

Meanwhile, AirAsia X is offering free seats to all its destinations for the first time. The free seats offer is in commemoration of AirAsia X’s move into its next growth phase with 2 million guests carried to date since its inception in November 2007.

The booking period is for today (June 9) and tomorrow for the travel period from Oct 11 until Nov 14 this year.

An aviation analyst from a local brokerage said it was good to hear that AirAsia would not fund AirAsia X’s expansion at its own expense.

“However, it is too early now to come out with the fair value for AirAsia X. We just have to wait for further announcement,” he said.

Another industry analyst agreed that it was good to know AirAsia X expansion was going to be via the market but he said more details were needed for valuation.

“We do not know the exact shareholding structure apart from the 15% held by its parent company with the option to increase. We also do not know the percentage of its shares to be floated but we do anticipate great news from this IPO if it materialised,” he said, adding that the current financial result for AirAsia X also remained to be seen.
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Old June 11th, 2010, 10:25 AM   #1999
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AirAsia wins air cargo industry award
Published: 2010/05/11
http://www.btimes.com.my/Current_New...#ixzz0qQtsQrQp

AirAsia became the first low-cost airline to win the Air Cargo Industry Newcomer of the Year Award 2010, at the Air Cargo Week (ACW) World Air Cargo Awards held today in Shanghai.

The award was presented by Air Cargo Week, a respected UK-based publisher of a weekly newspaper on the air cargo industry.

AirAsia emerged tops in a global survey that polled industry peers and shippers.

"This award signifies the growing confidence and belief in the AirAsia cargo product and services," said AirAsia's Regional Head of Cargo, Sathis Manoharen, in a statement here today.

The airline said it is strengthening cargo operations in part to protect its bottomline against fluctuations in fuel prices.

AirAsia has been tying up with more cargo agents and large export-import firms in the markets it flies.

It is also reaching markets beyond its current route network through other airlines with which it has special pro-rate agreements. -- Bernama
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Old June 14th, 2010, 04:51 PM   #2000
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AIRASIA ANNOUNCES NEW DIRECT DAILY FLIGHTS FROM KL TO YANGON
Quote:
KUALA LUMPUR, June 14 (NNN-Bernama) -- Low-cost carrier AirAsia is extending its route network to another Southeast Asian country, with direct daily flights to Yangon, Myanmar,from July 20.

To celebrate the introduction of the new route, the airline is offering all-in-fares for Kuala Lumpur - Yangon, from as low as RM29 one way.

"Booking starts from June 14 to June 20, for the travel period of July 20 to May 8, 2011.

"Promotional seats are limited and available on a first-come, first-served basis and made exclusively online via www.airasia.com," AirAsia said in a statement here Monday.

The new route will be serviced by a Airbus A320 aircraft with a 180 passenger capacity.

"Myanmar will see a big boost in tourist entries with this direct daily flight from Kuala Lumpur to Yangon.

"Customers from Europe, China, India, Australia and around the Asean region utilising our Kuala Lumpur hub now, have a more affordable option to travel to Myanmar," AirAsia's Regional Head of Commercial, Kathleen Tan said.

AirAsia's foray into Myanmar completes the 10 countries under the Asean network.

The low-cost carrier currently flies to Yangon from its Bangkok hub with daily flights.
http://namnewsnetwork.org/v2/read.php?id=123658
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