daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > Infrastructure and Mobility Forums > Airports and Aviation

Airports and Aviation » Airports | Photos and Videos



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old January 8th, 2007, 07:59 AM   #621
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 91,258
Likes (Received): 11242

AirAsia denies holding talks with Virgin or EasyJet
January 8 2007
BusinessTimes


AirAsia says its CEO has never engaged in any discussion with Virgin group's founder Sir Richard Branson and Sir Stelios Haji-Ionnou of EasyGroup, the parent of EasyJet

AIRASIA has denied discussing aviation business opportunities with Virgin Group or EasyJet.

The budget airline said that AirAsia chief executive officer Datuk Tony Fernandes has never engaged in any discussion with Virgin group founder Sir Richard Branson and Sir Stelios Haji-Ionnou of EasyGroup, the parent of EasyJet.

A local daily had reported on Tuesday that the three were in discussion to form an alliance to realise a deal that would see the formation of the world's first low-cost global network.

The statement of denial was issued by AirAsia media relations senior executive Janet Leow yesterday.

She also said that under a memorandum of understanding between Fly Asian Xpress (FAX) and AirAsia, AirAsia could invest up to 20 per cent in FAX.

AirAsia also has the option to acquire additional shares in FAX to bring its shareholding to a maximum of 30 per cent, exercisable within five years, she added. The MOU between FAX and AirAsia was signed on January 5.

"Under the memorandum, AirAsia shall also receive royalty payments in exchange for licensing its brand name to FAX solely for the long-haul operations.

"Additionally, FAX is not allowed to compete with AirAsia's existing destinations within a four-hour flight range," she said.

The licensing arrangement is for the duration of 30 years.

On reports stating that Fernandes had a 50 per cent stake in FAX, Leow clarified that the AirAsia CEO, who is also a non-executive director of FAX, actually held a 10 per cent equity interest in FAX.

She also clarified that Datuk Kamarudin Meranun, the non-executive chairman of FAX, held 50 per cent of the issued and paid-up share capital, instead of 30 per cent as reported earlier.

Both Fernandes and Kamarudin will continue to be actively involved in managing AirAsia and its operations.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!

Last edited by nazrey; January 8th, 2007 at 08:07 AM.
nazrey no está en línea   Reply With Quote

Sponsored Links
Old January 10th, 2007, 03:39 AM   #622
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia: Combined resources to fund jet buy


By Anna Maria Samsudin
[email protected]


January 10 2007


BUDGET airline AirAsia Bhd will borrow from banks and use its reserves and cash from its operations to pay for the 150 A320 jetliners valued at US$10.05 billion (US$1 = RM3.51) it has ordered.

It told Bursa Malaysia the external sources of funding include export credit guaranteed borrowings, conventional and Islamic commercial loans and sale and leaseback transactions.

Looking at the airline's strong cash position, chief executive officer Datuk Tony Fernandes is optimistic of being able obtain the funding from banks.

The airline's international lenders so far are the Royal Bank of Scotland, France's Calyon, Kuwait Finance House and ABN AMRO.

While the additional purchase is expected to increase the company's gearing, he is optimistic that the airline's financial position would remain strong.

"The gearing would be manageable as we expect to see very strong cashflow from buying more aircraft. The profitability level from using the A320s is high.

"We are indeed confident that the strong cashflow would help offset the increase in gearing. We have taken delivery of 50 A320s so far and of that, almost 50 per cent of these aircraft are already paid for," he told reporters from London via a phone conference yesterday.

An analyst contacted by Business Times said excluding the latest aircraft orders, AirAsia's gearing is already expected to go up to three times by 2008.

"The gearing is already quite high. I think the airline would need to call for an equity-raising exercise to help raise cash," he added.

The airline on Monday signed an agreement with European airframe maker Airbus to buy 50 more A320s, worth US$3.3 billion, with the option of acquiring another 50 aircraft.

Previously, the airline had placed 100 firm orders with an option of 30 aircraft.

AirAsia will take the full delivery of its entire firm orders of its 150 planes by 2013, making it the world's second largest operator of A320s, after Jet Blue by then.

Based on catalogue price, each A320 aircraft is priced at US$67 million.

These new A320s will be distributed among its hubs in Malaysia, Thailand and Indonesia.

Meanwhile, on another issue, AirAsia told the exchange that it has agreed in principal to acquire a 20 per cent stake in Fly Asian Express Sdn Bhd (FAX).

The decision was taken after its board considered the merits of the proposal and appointed an independent committee comprising three of its board members and senior management of AirAsia.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 10th, 2007, 05:44 AM   #623
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia offers 1m free seats for 6 hubs

Email us your feedback at [email protected]


AirAsia Bhd is launching its regional marketing campaign by offering one million free seats for all its six hubs in Malaysia (Kuala Lumpur, Kota Kinabalu, Kuching, Johor), Thailand (Bangkok) and Indonesia (Jakarta).

AirAsia said in a statement on Jan 9 that over 80 routes that AirAsia flies across 10 countries would be available for the free seat bookings.

All free seats would be available for online booking only at www.airasia.com between Jan 10 and 19 for travel between April 1 and Oct 27. It would be on a first-come, first-served basis.

Its executive vice president (commercial) Kathleen Tan said this was the second major regional free seats campaign it was launching, and it coincides with Visit Malaysia Year 2007. Its previous free seats campaign in 2005 received overwhelming response.

“A RM2 million regional advertising budget is in place to aggressively promote this 10-day campaign in Malaysia, Singapore, Thailand, Indonesia, Vietnam, Macau, China, the Philippines, Brunei, Cambodia and Myanmar,” she said.

Tan said with its rapid expansion and new Airbus A320 fleet rollout, the budget carrier expected capacity to grow by 70% with added frequencies and more new points connected within the Asean and Southern China regions.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 10th, 2007, 05:49 AM   #624
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia orders 100 more A320s

Email us your feedback at [email protected]


AirAsia Bhd has placed a firm order for an additional 50 Airbus A320s, with a further 50 A320s on option, bringing the budget carrier group's total orders to 150 aircraft, plus 50 on option.

In a statement on Jan 9, Airbus said the latest contract was signed on Monday by AirAsia group chief executive officer Datuk Tony Fernandes and Airbus chief operating officer of customers, John Leahy.

It said the latest order made AirAsia group, which comprises Malaysia AirAsia, Thai AirAsia and Indonesia AirAsia, one of its largest customers for the aircraft type.

AirAsia placed its original order for 60 A320s in March 2005, with a re-order for an additional
40 aircraft in July 2006. The first aircraft was delivered to AirAsia in December 2005.

Airbus said the airline currently operated a fleet of 15 A320s. The new A320s will replace AirAsia's Boeing 737 fleet and are destined to do the same at Thai AirAsia and Indonesia AirAsia in 2007 and 2008, respectively.

It said AirAsia’s Kuala Lumpur hub would be fully operated with A320s by July 2007.

“As we enter ‘Chapter 2’ of AirAsia, the additional order will allow us to further strengthen our route network in the region by developing our hubs in Bangkok and Jakarta, connecting more points and expanding into Indo China, Indonesia, southern China and India.

"AirAsia will become the second largest A320 operator in the world by year 2012,” said Fernandes.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 10th, 2007, 07:00 AM   #625
FM 2258
Registered User
 
FM 2258's Avatar
 
Join Date: Jan 2004
Location: Austin
Posts: 5,438
Likes (Received): 612



Good news for Airbus. I'm a big fan of the 737's but with all the trouble Airbus has gone through with the A350 and A380, I'm glad they're successful with their A320's.
FM 2258 no está en línea   Reply With Quote
Old January 10th, 2007, 11:19 AM   #626
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia’s free seats are back

PETALING JAYA: For those whose New Year resolution includes “travel more”, here’s a lucky break – AirAsia is giving one million free seats.

The no-frills airline is launching the biggest regional marketing campaign by offering one million seats for all its hubs in Malaysia (Kuala Lumpur, Kota Kinabalu, Kuching, and Senai), as well as Bangkok and Jakarta.

Timed to coincide with Visit Malaysia 2007, it will not only allow Malaysians to fly abroad, but also bring tourists to Malaysian destinations.

Over 80 AirAsia routes across 10 countries will be available for online booking at www.airasia.com from today until Jan 19 on a first come, first served basis.

Travel period will be from April 1 to Oct 27.

AirAsia Bhd executive vice-president-commercial Kathleen Tan said the previous free seats campaign in 2005 generated overwhelming response, and had enabled many to experience flying for the first time.

“We are confident this regional marketing campaign will stimulate even more people to fly,” she said in a statement yesterday.

She added that a RM2mil regional advertising budget was in place to promote this campaign in Malaysia, Singapore, Thailand, Indonesia, Vietnam, Macau, China, the Philippines, Brunei, Cambodia and Myanmar.

AirAsia has also set up direct flights connecting Sabah and Sarawak to Penang, as well as Kota Kinabalu to Macau, Bangkok to Langkawi, and Jakarta to Kuching.

The offer is for one-way travel only and excludes airport taxes and fees, and fuel surcharges.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 10th, 2007, 12:08 PM   #627
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

Fernandes sees AirAsia as region's largest airline in 7 years

Email us your feedback at [email protected]


AirAsia Bhd could surpass Singapore Airlines and Cathay Pacific by next year in terms of passenger carriage, AirAsia chief executive officer Datuk Tony Fernandes was reported as saying on Jan 10.

Singapore's Bu siness Times (BT) quoted Fernandes as saying: "I'd imagine we'd be the largest airline in Asia by 2013 or 2014. In fact by next year, we could be bigger than Singapore Airlines and Cathay Pacific in terms of passenger carriage."

Fernandes made the comments pursuant to AirAsia's latest order for another 50 Airbus A320 aircraft valued at US$3.3 billion (RM11.6 billion) list price, with an option for another 50 planes with Airbus SAS.

The BT report said AirAsia would emerge as one of Asia's largest airline groups, with its buying spree that will boost its fleet to 160 planes within the next six years.

The latest order was on top of its acquisition in March 2005 for 60 A320s and another order for 40 more planes in July 2006. The report said each plane has a list price of about US$70 million.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 11th, 2007, 08:24 AM   #628
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

January 11, 2007 14:13 PM

AirAsia Sees 12 Daily Flights For Bangkok-KL Route


By D.Arul Rajoo

BANGKOK, Jan 11 (Bernama) -- AirAsia is likely to have 12 daily flights to serve the Bangkok-Kuala Lumpur route in future as passenger capacity is expected grow once Fly Asian Xpress (FAX) starts its long-haul operations to destinations like London in July this year.

Thai AirAsia chief executive officer Tassapon Bijleveld said that doubling the present frequency would allow more seats to be offered and make it easier and more convenient for people to travel.

"When we talk about 12 flights daily, people think we are crazy. But the market is there and we want to tap it," he said in an interview here.

Currently, Thai AirAsia flies twice a day while its Malaysian parent company operates four flights, Tassapon said, adding that the frequency would be increased gradually as more new aircraft are received.

He said while Thai AirAsia was not directly involved with FAX, it would eventually benefit from the new venture as more travellers from Europe and other routes are expected to fly from Kuala Lumpur to Bangkok, or other cities served by it.

Using the brand AirAsia X, under franchise from AirAsia, FAX, in which AirAsia chief executive officer Datuk Tony Fernandes has a 50 percent stake, has been given rights to operate long-haul flights to destinations in Asia, Australia and Europe.

On the expansion of routes in Malaysia, Tassapon said that Thai AirAsia, which currently flies to Kuala Lumpur, Penang, Kota Kinabalu and recent addition Langkawi, would love to fly to a city in Sarawak but it may take some time.

"We have covered all the big cities that Thais know very well. Just ask the Thais which cities they know in Malaysia, they will mention Kuala Lumpur, Penang and Langkawi. For Kota Kinabalu, we did lot of promotions and it is bearing fruit now with very good load factor," he said.

Tassapon said many Thais and also foreigners fly to Kota Kinabalu for outdoor activities like mountain-climbing or diving in Sipadan Island.

The Kota Kinabalu route was almost shelved last year due to high fuel prices but Thai AirAsia decided to keep it as the load factor was good, he said.

On the Langkawi route which started on Jan 6, Tassapon said the airline expects good response due to the island's duty-free status, beautiful beaches and other attractions like cable cars.

The airline currently flies domestic routes to Bangkok, Chiang Mai, Chiang Rai, Hat Yai, Krabi, Narathiwat, Phuket, Surat Thani, Ubon Ratchathani and Udon Thani while overseas destinations include Phnom Penh, Macau, Xiamen, Kota Kinabalu, Kuala Lumpur, Penang, Rangoon, Singapore, Hanoi and Langkawi.

-- BERNAMA
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 12th, 2007, 07:14 AM   #629
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 91,258
Likes (Received): 11242

AirAsia jet buying spree raises concerns
By Anna Maria Samsudin
January 11 2007
BusinessTimes





AIRASIA'S latest jet buying spree appeared to have raised concerns among analysts and investors that the airline has bitten off more than it can chew.

Many felt the airline could be expanding too fast and the decision to take on more debt could be a risky move.

Aviation analyst Shukor Yusof from Standard & Poor's Equity Research in Singapore said that in an industry that is cyclical in nature, AirAsia is expanding too aggressively.

He also cautioned that heavy investments during boom times could prove unsustainable in a downturn.

"AirAsia's net debt position in June 2006 was about RM400 million. This will increase with the decision to buy more aircraft.

"However, AirAsia already has a number of financial advisers to meet the challenges posed by its latest acquisitions. So, I'm sure they have a game plan to deal with the new debt burden," he added.

OSK Research manager Chris Eng told Business Times AirAsia's aggressive fleet expansion would inevitably push up its gearing.

Even without the additional 50 A320 planes, he said, the airline's net gearing is expected to soar to three times by fiscal year ending June 2009 as the new planes will significantly increase borrowings.

"AirAsia's gearing is a bit high for an airline company. By right they should maintain their gearing below 1.5 times," he added.

In managing the situation, he said AirAsia would have to fly significantly to new routes and projected Thailand, Singapore and Indonesia to be the recipients for most of these new 50 planes.

"The additional capital expenditure for these planes also leads us to believe that AirAsia will proceed with a private placement exercise within the first half this year to raise its equity and manage its gearing," he added.

Meanwhile, TA Securities analyst Rosnani Rasul, when contacted, said it is normal for a growing company like AirAsia to take on high debt.

Based on guidance provided by the airline earlier, she pointed out that AirAsia is due to see 40 per cent growth in its passenger volume this year, followed by another 35 per cent and 30 per cent growth in 2008 and 2009, respectively.

"Looking at its passenger growth forecast, you can see that the airline needed the additional capacity to support the growth.

"I don't think that they are expanding too fast. I think this is something that they have to do," she said.

Despite AirAsia's growth potential, Rosnani, however, said there are concerns about the airline's capability to finance the purchase.

"It is a huge amount. Banking on bank borrowings alone would not be good for AirAsia. They have to look into ways to raise cash, be it via equity call or even bonds.

"However, I am confident that the airline is not short of options on how to raise cash to finance the purchase. If not, I do not think Airbus would be supportive of the purchase," she added.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 13th, 2007, 09:24 AM   #630
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia awards RM456m contract to ST Aerospace

Email us your feedback at [email protected]


AirAsia Bhd has awarded Singapore Technologies Aerospace Ltd’s unit, ST Aerospace Supplies, a US$130 million (RM456.89 million) aircraft components maintenance-by-the-hour contract for the airline’s new fleet of Airbus A320 aircraft.

In a statement on Jan 12, AirAsia said the contract involves components maintenance support for over 10 years for the airline’s 130 Airbus A320 aircraft.

AirAsia group chief executive officer, Datuk Tony Fernandes, said AirAsia had four previous contracts with Singapore Technologies Aerospace for airframe, components and engines support for AirAsia’s Boeing 737 fleet.

“Over the years, we have an outstanding ongoing business partnership with ST Aerospace for airframe, engines and components support and are happy to extend this relationship,” he said.

ST Aerospace president Tay Kok Khiang said: "This is the fifth contract awarded by AirAsia and it is even more significant as it is on AirAsia's new fleet."

AirAsia recently placed a firm order for an additional 50 Airbus A320 aircrafts with a further 50 on option. The low cost carrier currently operates 15 Airbus A320s on its domestic and regional network.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 13th, 2007, 11:24 AM   #631
haze
Registered User
 
haze's Avatar
 
Join Date: Jan 2006
Location: Klang Valley
Posts: 1,373
Likes (Received): 9

16 fare options for more than 100 MAS routes from Monday

Email us your feedback at [email protected]


Malaysia Airline System Bhd (MAS) will introduce new competitive fares on Jan 15, whereby cusotmers will enjoy up to 16 fare options - from the eight now - for more than 100 routes.

MAS said on Jan 12 the new fares, which were more market driven and dynamic, were in line with the completion of its global fare review.

With the new pricing system, MAS said it would be able to adjust its fares weekly now, but later on a daily basis, with the lowest price benchmarket against those offered by other full service airlines.

MAS said apart from the fare options, there would be 10 fare buckets for the economy class, and three each for the business and first class.

MAS senior general manager network revenue management Bernard Francis said firstly, the fare structure would ensure more competitive fares for the customers as the lowest fare woud match those of its competitors.

"Secondly, that there will always be an affordable oprion for them as the fare differential between the economy fare buckets is only some 10%," he said.

Francis said the fares for certain routes were cheaper, citing that return air fares for Kuala Lumpur-Sydney were as low as RM1,730, KL-Jakarta at RM590 and KL-Canton at RM1,110.

However, he said fares for certain routes have been increased as the adjustment was in with the prices offered by other airlines.

However, the fares would change according to demand and supply and subject to three travel seasons - peak, shoulder and lean.

"To enjoy the lower priced tickets, we encourage customers to book their flights early, travel during low season, weekdays, and look out for promotional fares," he said.

Customers can book their tickets 340 days in advance and tickets will be issued 45 days before flight.

MAS has also extended its distribution channels locally and worldwide to include more travel agents, travel management companies and websites. The airline’s fares will also be available electronically, and adjusted real time.
haze no está en línea   Reply With Quote
Old January 14th, 2007, 08:49 AM   #632
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 91,258
Likes (Received): 11242

AirAsia Expects Singapore Route Opening Before June
Updated : 12-01-2007
Media : Bloomberg
Story By : Chan Sue Ling


Jan. 12 (Bloomberg) -- AirAsia Bhd., Southeast Asia's biggest low-cost airline, expects discount carriers will be able to fly between Kuala Lumpur and Singapore before June this year, its Chief Executive Officer Tony Fernandes said.

Malaysia's government said in November it's still assessing whether to allow budget airlines to fly the route, delaying a decision on opening it to carriers including AirAsia and Tiger Airways Pte.

Singapore Airlines Ltd. and state-controlled Malaysian Airline System Bhd. currently dominate the route. Greater access between Singapore and Kuala Lumpur may boost tourism, benefit both economies and fuel traffic at their airports.

``The pace of liberalization is moving very quickly,'' Fernandes said today. ``I think before June we should see something.'' The route can support 22 flights daily for AirAsia, though it's unlikely the carrier will get approval to operate all 22, said Fernandes, who is in Singapore for a signing ceremony, said today.

Under an air-services agreement among the 10 members of the Association of Southeast Asian Nations, or Asean, countries must allow freer access for carriers in the region.

AirAsia, Tiger Airways and other discount carriers have flown in the region since 2001. Singapore and Malaysia, which were united from 1963 to 1965, signed their first air-services agreement in 1972 after they each set up their own national carriers. The agreement was last expanded in 1980.

Malaysian Airline said freer links could hurt its restructuring plans, the Asian Wall Street Journal reported Sept. 29 last year, citing Managing Director Idris Jala.

Singapore has said it's willing to allow other carriers to share the route because the move would boost traffic and help preserve Changi airport's status as a regional hub.

Changi, Asia's fifth-busiest airport, accounts for almost 10 percent of Singapore's economy, according to a 2001 study by National University of Singapore.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 15th, 2007, 02:26 PM   #633
haze
Registered User
 
haze's Avatar
 
Join Date: Jan 2006
Location: Klang Valley
Posts: 1,373
Likes (Received): 9

M'sia, Australia work to open low-cost route

Email us your feedback at [email protected]


Malaysia and Australia are in talks to open a low-cost air route between the two countries, spearheaded by Qantas-owned Jetstar and AirAsia Bhd, Transport Minister Datuk Seri Chan Kong Choy said on Jan 15.

"An Australian low-cost operator will be operating (from Kuala Lumpur)," Chan told Reuters in an interview.

"We are negotiating now; so if things go on fine, you can see a low-cost carrier from Australia by the second half of the year." When pressed, Chan confirmed the carrier was Jetstar.

According to the Reuters report, the price to secure landing rights in Australia looks like being a reciprocal agreement for Jetstar to share in a newly unveiled budget long-haul network.

AirAsia founder and chief executive officer Datuk Tony Fernandes recently unveiled the new business, which will be carried out by Fly Asian Xpress Sdn Bhd (FAX). Fernandes and two others own FAX.

AirAsia has been offered a 20% stake in FAX, with an option for another 10%.

According to the report, Jetstar could be the first major foreign airline to fly out of Kuala Lumpur's busy low-cost terminal, which is run by Malaysia Airports Holdings Bhd and used almost exclusively by AirAsia.

Chan said AirAsia wanted to fly to Melbourne's Avalon airport, a low-cost hub for Jetstar.

On the cooperation with Jetstar, Fernandes told Bloomberg that they had talked "cooperation" and "there are lots of ways we can work together."

On another matter, he expected FAX's budget long-haul carrier AirAsia X, which will begin operations in July, to "break even in the first month of operations".
haze no está en línea   Reply With Quote
Old January 17th, 2007, 07:24 AM   #634
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 91,258
Likes (Received): 11242

Latest:
AirAsia enjoys huge savings on stronger RM

By Anna Maria Samsudin
January 17 2007
BusinessTimes


The RM200 million savings will be achieved after swapping its US
dollar liability repayment for 10 of 15 existing aircraft into ringgit,
says the airline's deputy CEO


BUDGET carrier AirAsia Bhd will save over RM200 million from its A320 aircraft payments over the next 12 years, thanks to the stronger ringgit.

Deputy chief executive officer Datuk Kamarudin Meranun said the substantial cost savings will be achieved after swapping its US dollar liability repayment for 10 out of 15 existing aircraft into ringgit.

He explained when the airline first purchased its A320s in December 2005, the ringgit was still pegged at RM3.80 to the US dollar.

With a stronger ringgit, it was now able to hedge its foreign exchange exposure for the 10 aircraft at an average of RM3.36 per US dollar.

"What we are doing here is in line with AirAsia's policy in taking out all the variability in doing business in this particular industry. We will continue to hedge our foreign exchange exposure for the other aircraft.

"In short, we are comfortable with our aircraft acquisition exercise and do not foresee any difficulties in financing these purchases," he told Business Times in a phone interview recently.

AirAsia, last Monday, signed an agreement with European airplane maker Airbus to buy 50 more A320s, worth US$3.3 billion (RM11.6 billion), with the option of buying 50 more.

With a total of 150 firm orders, valued at US$10.05 billion (RM35.3 billion), the latest jet buying spree has raised concerns among some market observers on the airline's ability to cope with its aggressive fleet expansion.

AirAsia will take the full delivery of its entire aircraft orders by 2013, making it the world's second largest operator of A320s, after Jet Blue by then.

The airline had earlier announced to Bursa Malaysia that it would finance the purchase with bank borrowings, its reserves and cash from its operations.

Although the move is expected to increase its gearing level, analysts agreed the additional capacity is crucial to support its projected passenger growth.

AirAsia is due to see 40 per cent growth in its passenger volume to 18 million this year, followed by another 35 per cent and 30 per cent growth in 2008 and 2009, respectively.

The budget airline expects to carry some 63 million passengers in 2013, upon the full delivery of its 150 aircraft orders.
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old January 18th, 2007, 11:52 AM   #635
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia adds new routes

Email us your feedback at [email protected]


AirAsia is adding new routes to Penang from its hubs in Kuching and Kota Kinabalu (KK) and implementing direct flights to Macau from Kota Kinabalu, ahead of the festive season.

Beginning Feb 7, 2007, AirAsia will operate four flights weekly to Penang from its hub in KK and Kuching respectively. Daily flights to Macau from KK will start on Feb 6.

In a statement on Jan 18, AirAsia said the introduction of the Kuching-Penang, KK-Penang and KK-Macau would make AirAsia the sole operator serving these routes.

Executive vice president (commercial) Kathleen Tan said, "The current developed market has increased demand for the two hubs to connect to Penang and we anticipate positive response for traffic both ways.

"We can expect increased traffic going forward for the new routes from Sabah and Sarawak as flight operations from both hubs have exceeded our expectations thus far.”

She said its low fares would attract traffic not just from Macau but also southern China to KK.

Tan said it added its third frequency to Macau early last month from the Kuala Lumpur hub due to exceptionally high demand for the route.
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 18th, 2007, 12:13 PM   #636
Skyprince
Asian boi
 
Skyprince's Avatar
 
Join Date: May 2006
Location: Kuala Lumpur
Posts: 7,941

I hope Air Asia will fly Kuantan-Alor Setar, Langkawi-Kuala Terengganu, Miri-Ipoh, Sibu-Kuantan, Kota Bharu- Sandakan bla bla....
Skyprince no está en línea   Reply With Quote
Old January 19th, 2007, 04:23 AM   #637
hkskyline
Hong Kong
 
hkskyline's Avatar
 
Join Date: Sep 2002
Posts: 86,912
Likes (Received): 18174

Airbus delivers 3000th A320 jet to AirAsia

COLOMBIERS, France, Jan 18, 2007 (AFP) - European plane maker Airbus delivered its 3000th A320 passenger jet to Malaysian low-cost airline AirAsia on Thursday at a ceremony attended by the Malaysian and French transport ministers.

The A320 range of Airbus planes includes four types of shorthaul, small capacity aircraft that accounted for more than 75 percent of Airbus orders in 2006.

Airbus has taken 5,000 orders for the aircraft, which first went into service 18 years ago in 1988, Airbus chief executive Louis Gallois said Thursday.
__________________
Hong Kong Photo Gallery - Click Here for the Hong Kong Galleries

World Photo Gallery - | St. Petersburg, Russia | Pyongyang | Tokyo | Istanbul | Dubai | Shanghai | Mumbai | Bangkok | Sydney

New York, London, Prague, Iceland, Rocky Mountains, Angkor Wat, Sri Lanka, Poland, Myanmar, and much more!
hkskyline no está en línea   Reply With Quote
Old January 23rd, 2007, 04:56 AM   #638
pedang
One Malaysia
 
pedang's Avatar
 
Join Date: Dec 2005
Location: Lembah Klang
Posts: 3,028
Likes (Received): 83

AirAsia looks at possible offshore listing

By Mark Bendeich
Email us your feedback at [email protected]


Asia's largest budget airline, AirAsia Bhd, is looking at a possible listing in London or Hong Kong to tap a wider pool of foreign investors, a source close to the firm said on Jan 22.

AirAsia has been listed in Malaysia since it floated in November 2004, but has just one locally listed peer, Malaysian Airline System Bhd (MAS), and its investor base is far more international than the wider market.

Many investors want to help fund the development of budget airlines in Asia, but demand a risk premium for Malaysia because stocks are traded in ringgit, which is not a globally traded currency, and because the local market is not very liquid.

"They are exploring the possibility of a secondary listing in order to tap foreign-based shareholders and also for compliance with international accounting standards," the source said.

An AirAsia spokesman declined to comment.

AirAsia, valued at just over US$1 billion (RM3.5 billion), is looking to raise up to US$200 million in equity to help fund its expansion, the Asian Wall Street Journal reported on Jan 22, though the source told Reuters that fresh equity would not be needed to fund new plane purchases until next year.

The airline said this month it wanted to double its Airbus A320 fleet to 200 as it looked to expand.

AirAsia is only exploring the option of an offshore listing and has set no time frame, but the source said a secondary listing could be achieved as early as this year, especially if a dispute over tax accounting in Malaysia was not resolved.

"If push comes to shove, they would put it as a top priority," the source said. "It really depends on the situation."

AirAsia is in dispute with Malaysian regulators over the accounting treatment of its tax liabilities. The airline receives large tax concessions in Malaysia in recognition of the major investments it is making in new planes.

AirAsia says Malaysian accounting rules take a tougher line on deferred tax than international accounting standards.

The carrier wants its accounts to reflect the fact that it will be sheltered from tax for "many years", but local regulators have insisted on the Malaysian treatment. The two approaches give very different profits, AirAsia said in its last full-year accounts.

AirAsia reported net profit of RM88.4 million for the year to June 30, but said earnings would have been RM242 million under the international standard.

The Securities Commission, accounting standards board and finance ministry are debating AirAsia's preferred accounting treatment, the Business Times said in November.

Regardless of tax treatment, AirAsia would benefit from a listing offshore, especially in London, home to Europe's two biggest budget carriers, Ryanair and Easyjet, said Hong Kong-based analyst Paul Dewberry of Merrill Lynch.

"It makes sense, given the foreign shareholdings," he said.

AirAsia has a wide spread of foreign investors from the United States, Europe and Singapore, but it is relatively thinly traded with an average daily volume of 5.5 million shares, or just 0.23% of its share base, since the start of 2006.

"It (a secondary listing) would give it a bit more liquidity. Some fund managers have expressed frustration that they can only trade the stock in Malaysia," Dewberry said.

AirAsia shares are down 4% since the beginning of last year. They fetch 30 times forecast earnings per share for 2006/07, and 22 times for 2007/08, Reuters data shows.

The more mature Ryanair trades at 24 and 19 times forecast earnings. -- Reuters
__________________
MALAYSIA
pedang no está en línea   Reply With Quote
Old January 23rd, 2007, 09:02 AM   #639
Hailer
Registered User
 
Join Date: Dec 2006
Posts: 35
Likes (Received): 0

MAS going beyond expectations

Hey, I found this article in The Star newspaper today – “MAS going beyond expectations” by Lum Kare Heng, Rawang.


I am writing to share my good experience with Malaysian Airlines (MAS) on my recent trip to Los Angeles from Kuala Lumpur.

I boarded AI6094/MH94 on Business Class on Jan 13 and upon landing at Los Angeles (LAX) at 4:30pm was informed by an MAS staff that my dad had died that morning.

I knew about LAX-KL flight at 11.30pm that same day and desperately wanted to return home on that flight. Lawrence, a MAS personnel at LAX airport, got me a seat and expedited my luggage through security check, tagging it with “Priority Baggage.” He also had comforting and assuring words for me.

I returned to KLIA on AI6095/MH95 the same day I landed in LAX. It had been practically two days on the road without sleep and shower.

Upon arrival at KLIA, a flight stewardess by the name of Azizah on learning about my plight gave me a condolence message in envelope, signed, “From the upper deck crew”.

Inside the envelope, there were words of condolences and RM70 for a wreath. I was totally touched with the gesture.- LUM KARE HENG, Rawang.


My comment MAS suppose to be the best airlines in the word in term of service.
Hailer no está en línea   Reply With Quote
Old January 23rd, 2007, 01:50 PM   #640
Skyprince
Asian boi
 
Skyprince's Avatar
 
Join Date: May 2006
Location: Kuala Lumpur
Posts: 7,941

MH has 5-star service and products but not the Enrich programme. They failed to credit my mileage worth 17 000 miles and I had to visit their office in KL to retrieve back my lost mileage
Skyprince no está en línea   Reply With Quote


Reply

Tags
malaysia, oneworld, southeast asian airlines

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 04:17 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2018, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2018 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

tech management by Sysprosium