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Old July 30th, 2010, 08:19 PM   #2021
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New A330 would enter MH's fleet next year.
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Old August 2nd, 2010, 07:43 AM   #2022
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MAS shortlists 6 to finance aircraft buy
By Kang Siew Li, Presenna Nambiar and Jeeva ArulampalamPublished: 2010/08/02
http://www.btimes.com.my/Current_New...#ixzz0vQ8Btb6K

Malaysia Airlines is finalising the financiers and the priority is for the Boeing 737-800 that is coming in this October

National carrier Malaysia Airlines (MAS) (3786) has shortlisted six candidates to finance its 22 new aircraft to be delivered from October this year until 2012.

"We issued the request for proposals (RFPs) and received an overwhelming response of 60 (proposals). We are very pleased with the response, especially when you think about what the market was like last year and the year before," MAS group managing director and chief executive officer Tengku Datuk Azmil Zahruddin told Business Times in Kuala Lumpur.

He attributed the interest to the airline's strong balance sheet and good cash balance.

In its first quarter ended March 31 2010, MAS had a cash horde of almost RM3.2 billion.
The RFPs sent out were for 14 Boeing 737-800 and eight Airbus 330-300. The Airbus delivery will begin from April next year.

"We are in the process of finalising the financiers. The priority is for the Boeing 737-800 that is coming in this October," Tengku Azmil said.

He said MAS aims to firm up the financiers for the first Boeing plane by month-end, but did not rule out the possibility that negotiations could come down to the wire.

"It is common to be negotiating (for financing rates) until the last day of delivery. It happens to many airlines, and has happened to us before. So I don't discount that from happening," said Tengku Azmil.

MAS is looking to a mix of financing options for the planes.

Although securing the best rate is a key factor in MAS' choice of a financier, the latter's expertise in a certain financing structure is also an important consideration, Tengku Azmil said.

Four financing options commonly used by airlines are operating leases, tax lease structures, export credit agency (ECA)-backed structures (which involve government guarantees) and commercial debt.

An operating lease involves the sale and leaseback of the aircraft, while a tax lease structure lets the airline own the plane at reduced costs.

In keeping with MAS' strategy to lease one-third of its fleet at all times, it will opt for operating leases to fund the new planes coming in from October.

When asked if Penerbangan Malaysia Bhd (PMB) would be one of the lessors among the six financiers, Tengku Azmil declined to comment.

"We don't exclude local (lessors), but the Europeans tend to dominate the aircraft-leasing market and whether PMB can be competitive against all those who join becomes the question," he said.

Under the Widespread Asset Unbundling agreement between MAS and PMB, PMB has first right of refusal for operating leases if it can match the best rate offered to MAS.

Tengku Azmil added that ECA-backed structures are a financing option used for some aircraft when an airline has a large number of orders, while tax lease structures, which are complex in nature, can provide good financing rates.

For instance, the 17 ATRs MAS owns are fully financed through a mix of financing structures: nine on Japanese operating leases, five through ECA-backed term loans, and three through Islamic financing.
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Old August 3rd, 2010, 09:09 AM   #2023
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AirAsia X to launch Seoul flights in November
Published: 2010/08/03
http://www.btimes.com.my/Current_New...#ixzz0vWKVRZTN

LONG-haul budget airline AirAsia X (5099) said yesterday it will introduce daily flights to Seoul on November 1, its 11th destination since the carrier's launch in 2007.

"We estimate that more than 60 per cent of AirAsia X passengers to and from Seoul will be first-time visitors, which will contribute significantly to tourism growth," said AirAsia X's chief executive officer (CEO) Azran Osman-Rani.

"We are confident that AirAsia X's direct connection will be able to stimulate new travel demands and further tap new markets, especially that of young working adults and families."

The carrier now flies to 10 destinations - London, Taipei, China (Tianjin, Hangzhou, Chengdu), Australia (Gold Coast, Melbourne, Perth) and India (Mumbai, Delhi).
An affiliate of regional low-cost carrier AirAsia and Virgin Group, AirAsia X was launched in January 2007. AirAsia and AirAsia X have common shareholders, including AirAsia founder and CEO Datuk Seri Tony Fernandes.

The airline has eight aircraft and will have 11 by December. It has also placed an order for 17 Airbus A330s and 10 A340s. - AFP
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Old August 5th, 2010, 09:54 AM   #2024
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Malaysia Airlines Extends Mhinsure Scheme To UAE Travellers
August 05, 2010 15:05 PM By Abdul Muin Majid
http://www.bernama.com/bernama/v5/ne....php?id=519019

DUBAI, August 5 (Bernama) -- Malaysia Airlines is making it easier for travellers in the United Arab Emirates (UAE) to purchase travel insurance online with the introduction of its MHinsure scheme here.

The carrier's global travel insurance programme is coordinated through Mondial Assistance, a leading provider of travel insurance assistance services.

Malaysia Airlines' regional general manager for the Middle East, Africa and South America, Merina Abu Tahir, said MHinsure provided a wide array of valuable emergency and travel assistance services.

It offers comprehensive 24-hour worldwide emergency assistance, and includes coverage for medical expenses, cancellations, baggage losses, delays and other travel disruptions.

"Customers have the option to purchase this product at the time they purchase their airline tickets at www.malaysiaairlines.com," Merina said here.

First introduced in Malaysia in 2008, a total of 11 countries in the Malaysia Airlines' network are now offering MHinsure.

MHinsure is available for certain destinations served by Malaysia Airlines or its codeshare partners.

In Malaysia, Singapore and Australia, MHinsure is available to residents travelling on any airline from these countries.

In the UAE, the United Kingdom, New Zealand, France, Germany, Italy, the Netherlands and Sweden, MHinsure is available only with Malaysia Airlines flights purchased online.

Xavier Mauriac, sales director at Mondial Assistance, said: "Through our partnership with Malaysia Airlines, we aim to deliver a valuable and consistent proposition to customers, especially online."

"We're pleased to see that our insurance products are now available to a significant proportion of Malaysia Airlines customers, and Mondial looks forward to the programme's continued growth," he said.

MHinsure travel insurance in Malaysia is underwritten by Etiqa Insurance Bhd.

-- BERNAMA
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Old August 5th, 2010, 10:20 AM   #2025
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AirAsia defers taking 7 new Airbus planes
By Presenna NambiarPublished: 2010/08/05
http://www.btimes.com.my/Current_New...#ixzz0viJHawrM

Asia's largest budget airline has deferred the delivery of seven A320 ordered from European planemaker Airbus to 2015 instead of next year.

Asia's largest budget airline, AirAsia Bhd (5099), has deferred the delivery of new aircraft for a third time, blaming capacity constraints at the existing low-cost carrier terminal (LCCT-KLIA) in Sepang.

It has deferred the delivery of seven A320 ordered from European planemaker Airbus to 2015 instead of next year.

AirAsia's deferment now numbers 23 A320.

It postponed the delivery of new aircraft for the first time in July last year, for eight A320 it was to have received this year. The second deferment was in October, for another eight slated for delivery next year.
The latest deferment brings the number of new planes to be delivered next year down to eight and those it will receive in 2015 up to nine.

The orders in 2007 for a total of 175 A320 were initially over delivery schedules from 2010 to 2014.

In 2007, the airline was still operating out of the existing LCCT-KLIA.

"Until the new LCCT is constructed, the current infrastructure at the low-cost terminal is not able to accommodate AirAsia's fleet expansion in the number of aircraft originally scheduled to be delivered in 2010 and 2011," it told Bursa Malaysia yesterday.

The new LCCT is expected to be ready by March 2012.

When announcing the first set of deferments in July last year, AirAsia group chief executive officer Datuk Seri Dr Tony Fernandes had said that it would deploy most of the planes to its Indonesian and Thai operations.

The latest deferment appears to point to a change in its plans.

Fernandes had warned of another round of deferments during its first quarter teleconference with analysts and media in June.

He said the airline would look to reducing rollouts to match cash flow.

"We want to maintain our current gearing level," Fernandes had said.

AirAsia's net gearing ratio as at March 31 this year was 2.25 times.
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Old August 11th, 2010, 01:28 PM   #2026
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AirAsia sells 538,000 seats in 24 hours
Published: 2010/08/11
http://www.btimes.com.my/Current_New...#ixzz0wI2SX2rb

AirAsia Bhd has achieved a world record by selling more than 500,000 seats on the first day of its "Mind Blowing Fare" campaign.

The leading budget airline said it had sold a record-breaking 538,000 seats on the first day of the campaign, which offered RM1 airfare for domestic and international flights.

The ongoing "Mind Blowing Fare" promotion offers RM1 for bookings made from August 10 to 15, 2010, for travel between April 1 and August 11, 2011.

The promotion is available exclusively at www.airasia.com and mobile.airasia.com.

AirAsia also recorded its highest number of seat sales in an hour by selling 36,871 seats, a 47.5 per cent increase from the previous record of 25,000 seats.

In a statement today, the airline said the "Mind Blowing Fare" campaign was the first major promotion under its New Skies booking system.

Group chief executive officer Datuk Seri Tony Fernandes said the successful sale of more than half a million seats in the ongoing promotion showed that the new system was stable and able to efficiently handle massive sales volume.

He said that AirAsia's investment in the new booking engine was clearly paying off and its New Skies had revolutionised Internet bookings.

"We're happy to offer guests the opportunity to grab the special offers under our ''Mind Blowing Fare'' campaign. The campaign is especially attractive with festive holidays such as Hari Raya coming up," he added. -- Bernama
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Old August 17th, 2010, 03:16 AM   #2027
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MAS to receive A380 in April 2012
Published: 2010/08/17
http://www.btimes.com.my/Current_New...cle/index_html

Malaysia Airlines (MAS) (3786) has confirmed that it will take delivery of its six A380-800 superjumbos from aircraft maker Airbus SAS.

"We have concluded talks with Airbus and the first plane will be delivered in April 2012," MAS managing director and chief executive officer Tengku Datuk Azmil Zahruddin told reporters yesterday.

However, he declined to divulge the compensation MAS will receive for the third delay in the A380 delivery.

"The terms of compensation don't allow us to disclose when and how much will be provided to MAS," he said.

MAS was initially scheduled to be delivered the A380 in January 2007, but Airbus has delayed its delivery thrice.
In December, the airline said it received RM330 million as compensation from Airbus for the earlier delays.
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Old August 17th, 2010, 04:37 PM   #2028
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Did AirAsia cancel its route to Abu Dhabi??
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Old August 18th, 2010, 12:04 AM   #2029
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Did AirAsia cancel its route to Abu Dhabi??
yes they did....for unknown reasons!!!
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Old August 18th, 2010, 08:52 AM   #2030
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yes they did....for unknown reasons!!!
Thats sad.... I thought that with a route to Abu Dhabi they will expand more in the UAE and may even fly to Dubai.
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Old August 18th, 2010, 06:10 PM   #2031
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Old August 18th, 2010, 07:16 PM   #2032
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Nice!! AirAsia is one of my favourite budget airlines. Great routes!
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Old August 19th, 2010, 07:03 AM   #2033
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AirAsia posts 2Q net profit of RM199m
by The Edge Financial Daily Wednesday, 18 August 2010 18:04
http://www.theedgemalaysia.com/busin...of-rm199m.html

KUALA LUMPUR: AIRASIA BHD [] posted net profit of RM198.93 million in the second quarter ended June 30, 2010, up 43% from RM139.17 million in the previous corresponding quarter.

The low-cost carrier said on Wednesday, Aug 18 that revenue rose 26% to RM940.65 million from RM748 million a year ago. Passenger growth rose 11% to 3.9 million passengers in 2Q while load factor increased to 77% from 75% a year ago.

AirAsia Group CEO Datuk Seri Tony Fernandes said there was massive growth in ancillary income and reached the target of RM40 spending per pax set last quarter.

The group’s core operating profit for the period was RM168 million, a 31% increase over the core operating profit achieved a year ago.

The core operating profit margin for the period was at 17.9%, 0.7 percentage points higher than the 17.2% core operating profit margin achieved in 2Q09.

“There were nil unrealised translation gains in the quarter as gains from the slight strengthening of the Ringgit were offset by losses from the change in the fair value of currency derivatives,” it said.
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Old August 19th, 2010, 10:16 PM   #2034
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THE MERDEKA AWARD: Dare to dream the impossible
2010/08/19



AIRASIA Bhd group chief executive officer Datuk Seri Tony Fernandes equates being a Malaysian to rojak.

“Just like the favourite local dish, it signifies being a part of a diverse, multicultural society,” he told the New Straits Times.

Fernandes, who is now an icon in the growing low-cost airline industry, attributed his success in part to proving people wrong.


“I was (also) inspired by the many success stories of Malaysians and their ability to succeed despite the obstacles ahead of them,” he said.

His advice to young Malaysians?

“You should dare to dream the impossible, believe the unbelievable and never take no for an answer to bring Malaysia ahead.”


“We are lucky to be born in a post-Merdeka country where we have freedom to be what we desire,” he said, adding that Merdeka to him means to have “a land of our own”.

However, he felt that the younger Malaysian generation did not fully appreciate Merdeka as they were not in the era when the country was ruled by colonials.

“I think we have lost a little bit of the Merdeka spirit. We should appreciate the strongest brand we have, that is our multicultural society.”


He said the country still had a long way to go and hoped the spirit of Merdeka would be instilled in every Malaysian to stay united.

“The best part of Malaysia is our people, but I believe we don’t appreciate and praise it enough.

“If we all work together, we will see the benefits of putting Malaysia first and our cultural race second. We will be a much stronger nation,” he said.

“I am very proud to be a Malaysian and I want to show that we can be the best in the world.”

On his most memorable Merdeka memory, Fernandes said it was watching the National Day parade at Dataran Merdeka with his father when he was 6 years old.

“It was my first and I was amazed by the fast jets in the sky,” he recalled, not knowing that he would be in the airline industry today.

This National Day, Fernandes will be at home watching the fireworks with his family.
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Old August 22nd, 2010, 11:27 AM   #2035
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MAS Set To Receive 35 New Boeing 737-800
August 22, 2010 16:01 PM
http://www.bernama.com/bernama/v5/ne....php?id=523068

KOTA KINABALU, Aug 22 (Bernama) -- Malaysia Airlines (MAS) will be operationally more efficient to handle faster turnaround when it take the delivery of 35 new generation Boeing 737-800 within one year, said Deputy Transport Minister Datuk Abdul Rahim Bakri.

He said the first three aircraft would be delivered this year with the first one to arrive in October while the rest in stages until October next year.

The fuel efficient 737-800 with the capacity of 150 seats is bigger than B737-400 and is set to replace MAS' aging fleet and expand its operations, he told Bernama.

"I believe the arrival of the new aircraft will enable MAS to provide better and more efficient domestic service, especially in the Sabah and Sarawak sectors.

"I am confident that the flight's on-time performance rate will improve to around 80 per cent with the new aircraft in service," he said when commenting on passenger complaints on flights delay.

"The purchase of a younger fleet is justified due to growing number of passengers and tourists if we want MAS to continue to be the airline of choice," he added.

Abdul Rahim urged consumers to plan their air travel to take advantage of the MAS "all-time low fares" campaign.

-- BERNAMA
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Old August 24th, 2010, 06:27 PM   #2036
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When will start new AirAsiaX route KUL-ORY?
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Old September 1st, 2010, 08:40 PM   #2037
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MAS open to joining Skyteam alliance
Published: 2010/09/01
http://www.btimes.com.my/Current_New...cle/index_html

Malaysian Airline System Bhd, the national carrier, is open to joining a global airline alliance and believes closer cooperation with SkyTeam members would be “beneficial,” Chief Executive Officer Tengku Azmil Zahruddin said in an email to Bloomberg today.

Members of the Skyteam aviation alliance include Delta Air Lines Inc. and Air France-KLM. “We are able to offer SkyTeam a major hub in Asia,” Tengku Azmil said. -- Bloomberg
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Old September 2nd, 2010, 06:13 AM   #2038
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When will Malaysia add a 3rd flight to Buenos Aires? Im trying to but a ticket but my dates are sold out
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Old September 5th, 2010, 08:57 AM   #2039
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Quote:
Originally Posted by cesare.caldi View Post
When will start new AirAsiaX route KUL-ORY?

Scheduled for 2012 when KLIA2 LCT kicks in.

On another note. Found this today on Airasia's website. Route scheduled for December.

Moshi Moshi Japan!

Say hello to futuristic cities, ancient temples, mist-shrouded mountains, lightning-fast bullet trains and kimono-clad geishas – the wonders of Japan beckon!

Let AirAsia drop you off in Tokyo, where your exploration begins! And there could not be a better starting point, as Tokyo, being the Japanese capital, will defy your imagination with its high-energy pace and sci-fi-like architecture. There’s no shortage of places to visit: trendy boutiques, art galleries and museums are easily found. But don’t let your eyes remain at street level as your scour the city for excitement – look up and let yourself by mesmerised by the many iconic buildings here, all featuring inspiring levels of sophistication. As the sun sets, it’s time to make your way to Shinjuku and Shibuya, where a fantastic night out is guaranteed. The best way to get ANYWHERE in Tokyo: the bullet train, which is in itself a true marvel of speed and innovation.

If traditional culture is your thing, you’ll want to visit cities such as Kyoto and Nara that are well-known for temples, shrines, tea ceremonies, geishas and kabuki (traditional stylised dance-drama).

A trip to Japan is incomplete if you don’t allow yourself to fall under the spell of its majestic mountains, most notably, Mount Fuji. While it may not seem like much to see Japan’s tallest mountain (it stands at 3,776m), consider the fact that it’s hardly ever visible except during the winter months, or on the rare occasion that the air is clear! Cable cars allow for spectacular views. For the more adventurous traveler, climbs are possible in July and August.

You may also want to try taking a communal hot-spring bath. Believed to cure all sorts of ailments, it will at the very least make you feel absolutely good. Pick between elegance, Zen-like affairs or rustic outdoor baths with views of the countryside. Regardless of the setup, you’re in for an experience that awakens all the senses. You first have to soap up, rinse off and then soak in near-scalding waters! Hot-spring baths are best done in Kyushu and Hokkaido.

Japanese cuisine lovers will never want to leave: you’ll be hard-pressed to find an eatery that does not serve excellent food. Whether it’s impossibly fresh sushi, perfectly battered tempura or a hearty bowl of ramen that you’re craving.

If Japan sounds too good to be true, it’s only because it really is!

Discover Japan with AirAsia X. Secure your seat today and sign up for the latest updates!
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Old September 5th, 2010, 11:56 PM   #2040
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yes they did....for unknown reasons!!!
i heard the load factor was really that bad...
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