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Old November 13th, 2008, 04:19 PM   #1341
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Business Class Upper Deck
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Old November 13th, 2008, 04:30 PM   #1342
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Special Livery
SYD to KUL
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Old November 13th, 2008, 04:39 PM   #1343
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Economy



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Old November 13th, 2008, 04:51 PM   #1344
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Malaysia Airlines Boeing 747-400
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Old November 13th, 2008, 05:21 PM   #1345
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Old November 13th, 2008, 05:59 PM   #1346
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Old November 14th, 2008, 06:50 AM   #1347
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MAS slashes fares for KL-Singapore
Friday November 14, 2008 By B.K. SIDHU TheStar

SUBANG: Malaysia Airlines (MAS) has slashed its fare for the Kuala Lumpur-Singapore route for December to RM199 one-way all-inclusive in a bid to retain market share on the sector which opens up to intense competition on Dec 1.

Once controlled by MAS and rival Singapore Airlines (SIA), this has been the most expensive air sector for a 45-minute flight. Fares are as high as RM900 for a return trip.

“We believe in liberalisation but filling up four million seats a year can be very challenging. If we do not do anything we will lose money on the sector,’’ MAS senior sales general manager Datuk Bernard Francis told StarBiz in an interview yesterday.

The sector has been open to competition since early this year but from Dec 1 low-cost carriers plying the route will be allocated additional frequencies. The liberalisation of the KL-Singapore market is part of a larger agenda to free the skies above Asean to facilitate intra-Asean travel.

Other carriers flying the route are AirAsia, JetstarAsia, Tiger Airways and SilkAir.

The fight for market share will be fierce. Tomorrow, MAS kicks off its “One price, all seats, all flights’’ campaign that ends on Dec 24.

It will offer one-way fares of RM199 ex-KL and S$89 ex-Singapore for travel in December. Fares are inclusive of taxes, fuel surcharges and administrative fees.

“We are offering all seats on the aircraft and bookings must be made at least seven days in advance,’’ Francis said.

Francis said MAS made six to eight daily flights or 100 flights per week.

Come Dec 1, SIA and SilkAir will each operate four flights daily, AirAsia will increase its two daily flights to seven, Tiger will offer five flights from one and JetstarAsia, three from one.

Francis said MAS would continue to review the pricing on the sector and make adjustments when necessary.

MAS yesterday also cut fares for 66 domestic and international destinations under its “all-inclusive low fares goes global” campaign.
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Old November 14th, 2008, 08:10 AM   #1348
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AirAsia secures financing for 37 planes
Published: 2008/11/14

AIRASIA Bhd, Southeast Asia’s biggest discount airline, said it has secured financing for 37 new planes, easing concerns about its ability to fund expansion plans.

The Airbus SAS aircraft are due to arrive over the next two years, chief executive officer Datuk Seri Tony Fernandes said in an e- mailed response to Bloomberg questions late yesterday.
He didn’t provide details on the Sepang, Malaysia-based carrier’s funding arrangements.

The funding may allay fears that AirAsia would be forced to slow its expansion because of a lack of financing. Analysts including K & N Kenanga Holdings Bhd’s Yeonzon Yeoh have said
that the carrier may struggle to raise funds because of the global credit crunch.

A daily said yesterday that AirAsia was close to signing a loan agreement valued at almost RM3.5 billion (US$974 million) to fund aircraft purchases. Barclays Capital and BNP Paribas were given the mandate for the financing, which will be backed by European credit agencies, the newspaper said, citing deputy chief executive officer Datuk Kamarudin Meranun.

The airline has 123 outstanding orders for Airbus A320s, according to the planemaker’s website. The carrier has already received 52 of the single-aisle planes. - Bloomberg
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Old November 14th, 2008, 10:53 AM   #1349
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Thai Air Asia
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Old November 14th, 2008, 10:56 AM   #1350
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Indonesia AirAsia
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Old November 15th, 2008, 06:59 AM   #1351
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Malaysia Air Asia
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Old November 15th, 2008, 10:21 AM   #1352
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Malaysia Air Asia Airbus A320
by Luccio.errera



Malaysia Air Asia X Airbus A330
by ~Christophe RAMOS~



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Old November 16th, 2008, 05:11 PM   #1353
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Awesome pics Nazrey!
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Old November 17th, 2008, 08:30 PM   #1354
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Air Asia X
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Old November 18th, 2008, 07:32 AM   #1355
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simply awesome! The livery are colorful, fresh and exciting!
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Old November 19th, 2008, 08:34 AM   #1356
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AIR ASIA NOW TO Melbourne
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Old November 19th, 2008, 09:17 PM   #1357
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Strong bookings to fuel AirAsia's revenue
By Presenna Nambiar Published: 2008/11/20 BusinessTimes

AIRASIA Bhd (5099) is poised for a record fourth-quarter revenue, driven by a blistering pace of bookings for its flights.

"I think bookings are at a record pace ... it's such a record pace that our computer systems crashed on the first day," AirAsia chief executive officer Datuk Seri Tony Fernandes told Business Times in Kuala Lumpur yesterday.

The airline industry is not in good shape as a slowing global economy has hurt demand for travel amid high fuel prices.

Although this is changing, falling fuel prices present another problem as airlines had locked in prices with hedging contracts to deal with price volatility. This means that carriers could be stuck with hedging losses.

AirAsia's second-quarter net profit plunged almost 95 per cent due mainly to foreign exchange losses and its third-quarter numbers are not out yet.
Fernandes, however, expects the airline to remain profitable this year, despite provisions and costs which will be incurred.

AirAsia will make provision for losses from the collapse of Lehman Brothers investment bank.

"We had a trade (on fuel) with them (Lehman Brothers) and some money outstanding, I don't think we are going to get it back, but we would have paid for it anyway," he said.

That, together with hedging losses, which even Fernandes admits will be heavy, will be quite a sum. However, he declined to reveal any figures.

"We'll take the loss now to be clean in 2009. Over the next two to three months we will recover it," he said.

On the budget carrier's position on hedging, Fernandes said its principle has always been that if the airline can hedge 100 per cent, it will do it to take the risk out.

"It's at what point you hedge really ... it's a very tricky situation now, because people are saying oil might go down to US$30 (RM108.30) a barrel, logically it should be US$40 to US$50 (RM144.40 to RM180.50) per barrel but I really don't know, because recession hasn't really even started yet," he said.

Meanwhile, in a separate statement, AirAsia announced that BNP Paribas and Natixis Transport Finance, the lead arrangers, global coordinators and book runners of AirAsia, have been able to secure a US$336 million (RM1.2 billion) syariah-compliant French Single Investor Ijarah, for the financing of up to eight Airbus 320-200 aircraft.

This is the first Islamic French-Malaysian optimised transaction of its kind.

Purchase of each aircraft is through a mix of euro-denominated equity, a US dollar-denominated investment agency agreement, Wakala from Islamic financiers and a US dollar-denominated Wakala granted by AirAsia and refinanced by a ringgit-denominated commodity - Murabaha.

Above a cost-efficient 100 per cent financing structure, the Islamic Ijarah ensures that AirAsia's capital and investment allowances are preserved.

"This unique structure has not only allowed us to continue to enjoy overall competitive financing terms for our aircraft purchases, especially under the current market situation, but also encouraged the innovation and creativity in structuring Islamic products and promote the development of aircraft financing in Malaysia with the participation of RHB Islamic and Bank Rakyat.

"AirAsia is privileged to have this partnership with BNP Paribas and Natixis. Their commitment and support is evident from the very first A320 delivery in 2005, which was also arranged and financed by them," said AirAsia deputy group chief executive officer Datuk Kamarudin Meranun.
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Old November 20th, 2008, 10:33 PM   #1358
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AirAsia plans to fly to Tashkent next year
Thursday November 20, 2008

JOHOR BARU: AirAsia will begin flights to the Uzbek capital of Tashkent by the end of next year, said chief executive officer Datuk Seri Tony Fernandes.

He said the budget airline felt that Central Asia and Eastern Europe were huge potential markets and his company had already conducted initial studies in Uzbekistan and Kazakhstan.

“We can do Uzbekistan next year. With the huge Asian network, many people from South-East Asia would want to go to Uzbekistan,” he said.

He said the leg would open up new lines of tourism and business.

He pointed out that the historic city of Samarkand was world famous and attracted tourists.

Fernandes said AirAsia had always been about opening up new areas and markets and felt proud that the company was recognised as providing a service to the country.

He said AirAsia would probably start with three to four flights a week.

When asked about the rates, Fernandes said that it was still too early to decide but would probably around RM800 to RM900.

On Monday, Prime Minister Datuk Seri Abdullah Ahmad Badawi, who is on an official visit to Uzbekistan, said he had asked Fernandes to consider flying to Tashkent.
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Old November 20th, 2008, 10:40 PM   #1359
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Idris to remain MAS boss for 3 more years
Published: 2008/11/21 BusinessTimes

DATUK Seri Idris Jala (pic) will stay as the boss of Malaysia Airlines (MAS) for another three years, helping the airline to steer through an industry battered by volatile fuel prices, a slowing global economy and stiff rivalry.

His contract as managing director has been extended for three years from December 1 2008 to November 30 2011, MAS said in a statement.

"My work ... is still not done. The operating environment is the toughest ever," he said in a separate statement.

Idris, who joined in 2005, led MAS to its best profit in 60 years in 2007.
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Old November 20th, 2008, 10:48 PM   #1360
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AirAsia closes US$336m French-M’sian lease agreement
20-11-2008: THEEDGEDAILY

KUALA LUMPUR: AirAsia Bhd has secured financing totalling US$336 million (RM1.21 billion) for the purchase of up to eight Airbus 320-200 aircraft, in the first Islamic French-Malaysian lease agreement.

BNP Paribas and Natixis Transport Finance acted as the lead arrangers, global coordinators and book runners for the syariah-compliant French single investor Ijarah.

Landesbank Hessen-Thuringen Girozentrale, Irish Branch (Helaba) acted as mandated lead arranger, RHB Islamic Bank Bhd as arranger, and Bank Rakyat as mandated lead arranger of the commodity Murabaha.

The banks were advised by Norton Rose together with Wong and Partners in Malaysia and AirAsia by Freshfields Bruckhaus Deringer.

When contacted, AirAsia deputy group CEO Datuk Kamarudin Meranun said it had secured the financing at a pricing that was “comparable” to its previous aircraft financing deals before the global financial crisis as it had locked in the deal when BNP Paribas and Natixis first arranged financing for the carrier.

“Earlier this year, we decided that this year is the best time for us to arrange financing for 2009 and 2010. We locked in the financing in 2005, so now there are just some minor adjustments,” he told The Edge Financial Daily via telephone.

On how it managed to secure financing when many global banks were now refraining from lending, Kamarudin said: “There are many factors. The banks looked at our cash flow, looked at how much revenue per aircraft we can generate, and the value of the assets. The loans are also ECA-backed.”

ECA, or export credit agency, is an agency set up by a government to finance the country’s goods, investment and services, and often offers risk insurance.

“A lot of airlines are having a tough time because it is not easy to get financing now. Even if they get, the interest rate is high.

“This financing for AirAsia is very important for us for the next two years. We will be in a comfortable position. It ensures that we can take delivery of our aircraft,” he said.

“It is lease payment but we still have the ownership. So, we are able to get capital allowance,” he added.

In a statement yesterday, the parties said the Islamic Ijarah, above a cost-efficient 100% financing structure, ensured that AirAsia’s capital and investment allowances were preserved.

Meanwhile, OSK Research head of research Chris Eng said the latest news did not come as a surprise, as AirAsia had earlier indicated that it would get financing from Europe.

“We never have concerns about AirAsia in terms of financing. There is no change to our estimations,” he told The Edge Financial Daily, maintaining a neutral call on the counter with a target price of RM1.11. The stock fell two sen to RM1.13 yesterday.

AirAsia had in several stages placed firm orders of a total of 175 A320 aircraft, with an option of 50 more. It has so far taken delivery of 53 A320s, of which 43 are for Malaysia’s operations, while eight and two are for Thai AirAsia and Indonesia AirAsia, respectively.
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