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☆ AirAsia unit heads for U.S. listing through SPAC deal as CEO says 'Americans understand branding'
▼ + stars: | 2024-02-28 | by ( Jenni Reid | ) www.cnbc.com time to read: +3 min

AirAsia airplanes are pictured on the tarmac at Kuala Lumpur International Airport in Sepang on January 8, 2024. Malaysian conglomerate Capital A intends to sell its budget carrier business to medium- to long-haul affiliate AirAsia X in a major consolidation of the country's airline industry. Brand licensing opportunities could include hotels, mobile services and airlines in markets such as south Asia and Africa where AirAsia does not have subsidiaries, Fernandes said. The deal values the new company, Capital A International, at $1.15 billion, according to a release Wednesday. That will create a unified Air Asia Group, Fernandes said, which is targeting a $400 million equity raise, according to Reuters.

Persons: Tony Fernandes, —, " Fernandes, Fernandes Organizations: AirAsia, Kuala, Capital, AirAsia X, Nasdaq, CNBC, Asean, Malaysian, Berhad, Air, Air Asia Group, Reuters, Aetherium, International Locations: Kuala Lumpur, Sepang, U.S, Malaysia, Asia's, America, Southeast Asia, Asia, Africa, Malaysian, Air Asia

☆ The new breed of long-haul, low-cost airlines: What you need to know
▼ + stars: | 2023-10-30 | by ( John Walton | ) edition.cnn.com time to read: +8 min

CNN —You’ve seen them on TikTok and on Instagram: people flying on the new generation of long-haul, low-cost airlines where the fares sound too good to be true. By and large, long-haul, low-cost airlines focus on four specific markets: transatlantic, transpacific, southeast Asia and Australia. With a home base at Narita international airport, Zipair Tokyo is Japan Airlines' low-cost arm. Yoshio Tsunoda/AFLO/ShutterstockHome base: Tokyo (Narita, the airport an hour away from the city)Notable routes: Honolulu, LA, SF, San Jose (CA)Flies: Boeing 787sWhat you need to know: This is Japan Airlines’ low-cost arm. Scoot is Singapore Airlines' low-cost arm.

Persons: CNN — You’ve, ” you’ll, Markus Mainka, Pawel Gradek, Yoshio Tsunoda, Edgar Su, “ Organizations: CNN, Boeing, Airbus, That’s, AirAsia X, Buenos Aires, British Airways, Aer Lingus, Atlantic, Atlantic Airways, Air Premia, Premia, Narita, Japan Airlines, Japan Airlines ’, Singapore Airlines, Reuters, Singapore Airlines ’, Qantas, Getty, Jetstar, London, AirAsia Locations: New York, Paris, Asia, Australia, Paris Orly, Orly, LA, Miami, NY, France, Barcelona, Boston, Buenos, Santiago de Chile, IAG, Iberia, Aer, Oslo, London, Gatwick, Berlin, Rome, Chicago, Orlando, Seoul, Incheon, Honolulu , LA, Newark, Frankfurt, Tokyo, Japan, Narita, Jose, Scoot, Singapore, Athens, New Zealand, Southeast Asia, AFP, Honolulu, Kuala Lumpur

☆ AirAsia exec posts shirtless photo of himself getting a massage during a 'management meeting,' sparking debate
▼ + stars: | 2023-10-17 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +4 min

AirAsia co-founder Tony Fernandes posted a picture of himself receiving a massage while shirtless at work. The LinkedIn post generated debate online, with many saying it was unprofessional. AdvertisementAdvertisementAirAsia co-founder Tony Fernandes has sparked debate online after posting a photo on LinkedIn showing himself getting a shirtless massage during a management meeting. "Was a stressful week and Veranita Yosephine suggested a massage," Fernandes wrote on LinkedIn early Monday morning, referencing AirAsia Indonesia CEO Veranita Yosephine. Spokespeople for AirAsia and AirAsia Indonesia did not respond to Insider's requests for comment, and the LinkedIn post has since been taken down.

Persons: Tony Fernandes, Fernandes, —, Veranita Yosephine Organizations: AirAsia, Service, LinkedIn, AirAsia Indonesia, Capital Locations: Indonesia, Malaysian, Asia, Japan, Thailand, Capital

☆ I saw the Airbus A321XLR make its air show debut and I'm convinced it'll be a game changer for the airline industry
▼ + stars: | 2023-07-01 | by ( Taylor Rains | ) www.businessinsider.com time to read: +6 min

The Airbus A321XLR is the European planemaker's latest narrowbody airliner built to fly up to 11 hours nonstop. Airlines are buying up the A321XLR as a prime replacement aircraft for aging jets like the Boeing 757. The star of the biennial event was the Airbus A321XLR, which made its air show debut on June 19 to much fanfare. The A321XLR can open new routes thanks to its extra fuel tankThe first rear center fuel tank from Premium Aerotec for the Airbus A321XLR. The XLR will offer enhanced comfort and economicsAn Airbus A321XLR rendering.

Persons: I've, Jason Reisinger, Reisinger, Andrew Nocella, Ronojoy Dutta Organizations: Airbus, Boeing, Morning, Paris Air Show, Icelandair's, Airlines, United, East Airlines, JetBlue, IndiGo, Qantas, AirAsia X, Sky Airline, Czech Airlines Locations: European, Boston, London, York, Reykjavik, Raleigh , North Carolina, Charlotte, New York, Paris, United, Malaysian, Chile, India, Europe, Southeast Asia, New Delhi, Seoul, Mumbai, Amsterdam

☆ He bought a budget airline for 30 cents in 2001 and turned it into one of Asia's top budget airlines. Now, he's ready to walk away.
▼ + stars: | 2023-04-26 | by ( Nidhi Pandurangi | ) www.businessinsider.com time to read: +3 min

In September 2001, Fernandes bought the AirAsia brand from a Malaysian government-owned conglomerate for the equivalent of 30 cents at the time. And he's ready to walk away: "Good leadership is to know when to go," he told Bloomberg in an interview published Tuesday. And though he's already talking about plans to replace him, Fernandes doesn't know "exactly when I press the button." Newly privatized carrier Air India appointed an executive of Scoot, the low-cost arm of Singapore Airlines, as CEO in June. There were also airline executive reshuffling at American Airlines and Southwest Airlines in December.

☆ AirAsia parent narrows Q3 loss on strong demand recovery, upbeat outlook
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +1 min

Nov 30 (Reuters) - Capital A Berhad (CAPI.KL), the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia. It also forecast a positive outlook for the upcoming years on strong sales momentum and reopening of travel restrictions, projecting stronger air passenger traffic in the next quarter. Capital A posted an operating loss of 563.9 million ringgit ($127.00 million) for the three months ended Sept. 30, compared to a loss of 893 million ringgit in the year-ago period. It reported a sharp 563% increase in revenue to 1.96 billion ringgit from last year's 295.9 million ringgit. ($1 = 4.4400 ringgit)Reporting by Sameer Manekar and Riya Sharma in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

☆ Capital A to combine AirAsia and AirAsia X as part of restructuring plan
▼ + stars: | 2022-11-29 | by ( Jamie Freed | ) www.reuters.com time to read: +3 min

Capital A, headed by Fernandes, will retain the digital, logistics and aviation services businesses, while AirAsia X will be renamed AirAsia Aviation and be led by long-time executive Bo Lingam under the plan. Capital A hopes submit to Bursa Malaysia Securities for approval in February. AirAsia X is also classified as PN17, but in an interview with Reuters on Tuesday, Fernandes said under the restructuring plan, both listed companies would emerge from that status by July 2023. Capital A investors will receive an in-specie distribution in the former AirAsia X, giving them exposure to a pure airline business with multiple brands. Fernandes said the distressed-company status had a "major impact" on the airline's share price by reducing investor confidence, which he hoped to restore through the restructuring plan.

☆ AirAsia X on strong footing, Capital A to benefit as economy tightens, CEO Tony Fernandes says
▼ + stars: | 2022-11-04 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +1 min

Despite soaring oil prices and weakening currencies, the outlook for aviation remains positive due to "extremely strong" demand, said Tony Fernandes, CEO of AirAsia parent company Capital A. "In AirAsia we have 205 aircrafts and in AirAsia X we have about 20 aircrafts … getting slots and obviously getting them ready for service has been a big challenge." The positive outlook comes in spite of negative market reactions to Fernandes' resignation as AirAsia X's Group CEO this week. AirAsia X is the long-haul budget flight arm of AirAsia. AirAsia X shares dropped after the Oct. 31 announcement, and losses since the development still stood at about 5% as of Friday morning.

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