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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
REUTERS/Lai Seng Sin/File photo Acquire Licensing RightsKUALA LUMPUR, Nov 27 (Reuters) - Malaysia will grant visa-free entry to citizens of China and India for stays of up to 30 days starting on Dec. 1, according to Prime Minister Anwar Ibrahim. According to government data, Malaysia recorded 9.16 million tourist arrivals between January and June this year, with 498,540 from China and 283,885 from India. That compared to 1.5 million arrivals from China and 354,486 from India in the same period of 2019, prior to the pandemic. The move follows similar measures implemented by neighbouring Thailand to boost its vital tourism sector and stimulate its sluggish economy, with Chinese and Indian nationals among those exempted this year. Currently, Chinese and Indian nationals must apply for visas to enter Malaysia.
Persons: Lai Seng, Anwar Ibrahim, Anwar, Danial Azhar, Martin Petty Organizations: Kuala, Kuala Lumpur International, REUTERS, People's Justice Party, Malaysia, Thomson Locations: Kuala Lumpur, Malaysia, Singapore, Sepang, KUALA LUMPUR, China, India, Thailand
Pirro to replace Bastianini at Ducati for Americas GP
  + stars: | 2023-04-12 | by ( ) www.reuters.com   time to read: +2 min
[1/2] FTR MotoGP rider Michele Pirro of Italy (L) talks to his mechanic during a free practice session ahead of the Malaysian Grand Prix in Sepang October 19, 2012. REUTERS/Bazuki Muhammad/File PhotoApril 12 (Reuters) - Ducati test rider Michele Pirro will replace the injured Enea Bastianini at this weekend's Grand Prix of the Americas in Austin, Texas, the factory team said. The clinic confirmed Bastianini would still need a few more weeks to fully recover, Ducati added. Pirro, 36, last raced at the Circuit of the Americas in 2016 as a stand-in for Danilo Petrucci at Pramac Ducati, finishing eighth. The fourth race of the season is the Spanish Grand Prix in Jerez on April 30.
Martin sets lap record to take pole for Malaysian Grand Prix
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: +1 min
SELANGOR, Malaysia, Oct 22 (Reuters) - Pramac Racing's Jorge Martin set a lap record on Saturday to take pole position for the Malaysian MotoGP Grand Prix, as Enea Bastianini gave himself an outside shot at the title as the top three contenders all struggled in qualifying. Martin posted a time of one minute 57.790 seconds ahead of the penultimate round of the championship, which is returning to the Sepang International Circuit for the first time since 2019. It was the Spaniard's second pole in as many weeks following another lap record in Australia last weekend and he went 0.456 seconds faster than Bastianini. Bagnaia, who will start in ninth ahead of Espargaro, can wrap up the title ahead of the final round in Spain if he wins on Sunday and Quartararo finishes outside the top three. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shrivathsa Sridhar in Bengaluru; Editing by Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
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