Capital A and AirAsia Group sign a conditional sale and purchase agreement on the divestment of Capital A’s airline business

consideration for Capital A’s disposal and correspondingly, AirAsia Group’s acquisition amounting to RM6.8 billion, to be fulfilled with shares and debt settlement
Capital A’s shareholders’ equity to turn positive for the first time in 14 quarters following the divestment, while AirAsia X’s shareholders’ equity to also strengthen post-transaction
AirAsia Group to fortify its position as the largest low cost carrier in Asia, with a win-win “One Airline” strategy set to transform the face of global low cost travel
AirAsia Group’s ultimate vision to create a global network airline based on the robust narrowbody fleet with enhanced operational efficiency and extended range capabilities to lower cost

Capital A Berhad (“Capital A”) and AirAsia Group Sdn Bhd (“AirAsia Group”), the newly incorporated entity that will eventually be the holding company of AirAsia X Berhad (“AirAsia X”), announced it has signed a conditional sale and purchase agreement for Capital A’s strategic divestment and AirAsia Group’s strategic acquisition of its aviation businesses (the “Transaction”). This landmark agreement, approved by the boards of Capital A and AirAsia X, is expected to catalyse AirAsia to its next growth phase to become the world’s first low-cost network carrier and redefine the aviation industry landscape.

Under the terms of the agreement and subject to requisite approvals, the Transaction includes two parts:

The divestment of AirAsia Aviation Group Limited (AAAGL), consisting of AirAsia subsidiaries in Thailand, Indonesia, the Philippines and Cambodia, will be fulfilled through the issuance of new AirAsia Group shares to Capital A worth RM3 billion. Following this divestment, Capital A will immediately distribute-in-specie RM2.2 billion worth of the newly issued AirAsia Group shares to Capital A shareholders. Upon the completion of the proposed divestment and AirAsia X proposal, Capital A is expected to retain 18.39% of the enlarged issued shares of AirAsia Group.
The divestment of AirAsia Berhad, otherwise known as AirAsia Malaysia, for RM3.8 billion, to be satisfied by AirAsia Group’s assumption of RM3.8 billion of debt owed by Capital A to AirAsia Berhad.

Shareholders from both sides stand to gain as the value of the aviation assets is realised. Prior to the Transaction, AirAsia X’s shares and listing status will be transferred to AirAsia Group, effectively materialising the corporate structure of an enlarged aviation group, with AirAsia X’s shareholders then holding shares in AirAsia Group. The issuance of free warrants acts as a token of appreciation for shareholders’ continued support, while also providing them with the option to enhance their equity participation and contribute to the future growth trajectory of the enlarged aviation business. In recognition of the Transaction’s magnitude, a private placement is also proposed to fortify AirAsia Group’s financial standing, increase its shareholder base and improve the trading liquidity of its shares. From the perspective of AirAsia X shareholders, the allure lies in gaining access to an unlocked value of RM6.8 billion through a RM3 billion new shares issuance. This investment grants them ownership in a mature and ongoing airline business operation, comprising four established airlines that collectively form Asean’s most extensive short-haul network, consolidating AirAsia Group’s position as the largest low-cost carrier in Asean.

Capital A shareholders stand to benefit significantly as the proposed divestment is expected to unlock RM6.8 billion in value of Capital A’s aviation business, more than double the current market capitalisation of the group. Following the divestment and the distribution-in-specie of RM2.2 billion worth of new AirAsia Group shares, Capital A shareholders will maintain direct ownership in the combined aviation businesses, ensuring access to future growth opportunities. Moreover, post-divestment, Capital A will retain four high-growth, aviation-focused core businesses, including Capital A Aviation Services, Teleport, MOVE Digital, and Capital A International, all poised for continued growth and diversification.

AirAsia X (Malaysia) aircraft photo gallery:

United to launch a new route to Montreal

United Airlines will start a new route linking the San Francisco hub with Montreal on July 1 with Boeing 737-8 MAX 8 aircraft.

United Airlines aircraft photo gallery (Boeing):

Omaha’s Eppley Airfield damaged by a tornado

Omaha Eppley Airfield (OMA) was damaged by a tornado yesterday. The terminal was not hit but it closed the airport for a brief period.

Another outbreak of tornadoes and hail is happening again today.

Etihad Airways brings the Airbus A380 to New York and Paris

Etihad Airways will begin flying its popular A380 on Abu Dhabi – Paris CDG route from November 1, 2024
The Residence, the world’s only three-room suite in the sky, serves up a chic flying experience

The Residence

At the pinnacle of comfort is The Residence, the world’s only three-room suite in the sky. Accommodating up to two guests, The Residence features a private living room, bedroom, and ensuite bathroom, complete with a shower at 40,000 feet. A dedicated team of Etihad cabin crew ensures unparalleled service.

Guests in The Residence can indulge in a culinary journey with an à la carte menu, served on designer tableware in the private living room, or even opt for breakfast in bed. From gourmet cuisine to champagne and caviar, The Residence Signature High Tea offers a range of lavish options.

Etihad Airways flight EY1 from Abu Dhabi to New York arrived at John F. Kennedy International Airport on Monday, April 22, heralding the start of the airline’s A380 double-decker service featuring The Residence, the legendary, sumptuous three-room suite in the sky.

After a celebratory send-off in Abu Dhabi, Etihad pilots waved the US and UAE flags from the cockpit after the super-jumbo arrived on its stand in New York.

The introduction of Etihad’s A380 to the popular New York route comes just three weeks after launching its new route to Boston, underscoring the airline’s strategy to meet increasing customer demand, service the corporate travelers and expand its network across the North American market.

The new A380 route will service one of Etihad’s two daily flights to New York, while the other will be operated by a 787-9, offering First, Business, and Economy cabins. At the pinnacle of luxury in the A380 is The Residence. Accommodating up to two guests, The Residence provides guests with unparalleled luxury and service, with a private living room, bedroom, and ensuite bathroom, complete with a shower at 40,000 feet. Guests are catered to by a dedicated team of Etihad cabin crew and are offered a range of lavish culinary options including an à la carte menu, designer tableware, breakfast in bed and The Residence Signature High Tea.

Video:

Etihad Airways aircraft photo gallery:

China Eastern to inaugurate direct Shanghai-Marseille flight on July 2

China Eastern Airlines announced it will officially launch a new direct flight between Shanghai and Marseille, France on July 2 this year.

The new Shanghai-Marseille service will be operated by Shanghai Airlines, a subsidiary of China Eastern Airlines, with three round-trip flights per week on Tuesdays, Fridays, and Sundays.

The flight numbers are FM871 from Shanghai to Marseille and FM872 for the return leg. The estimated flight time is around 12 hours. The new route will offer gate-to-gate internet service for passengers aboard.

China Eastern aircraft photo gallery:

Avianca Airlines renews its ‘Business Class’ experience in Europe and the Americas

Avianca Airlines presents new features in its Business Class product, both in twin-aisle aircraft (Boeing 787) and single-aisle aircraft (A320 family).

Moving forward, the Executive Cabin of the double-seat aircraft will be known as Avianca Insignia, which operates routes to and from Europe.

Those traveling in this cabin will be able to enjoy flatbed chairs, which recline completely, as well as a welcome drink, menu with starter, breakfast, lunch or dinner options with dessert, unlimited snacks and a selection of spirits, hot and cold drinks.

In addition, passengers have comfort elements at their disposal such as a blanket, mattress pad and an amenity kit with collectible cases designed by Mola Sasa in collaboration with the Gunadule indigenous community, made from recycled PET bottle fabric, a proposal that promotes sustainability and inclusion, as well as the formulations of Loto del Sur, a beauty brand that celebrates and captures the richness of Colombian culture, elevating the onboard experience.

“Avianca Insignia represents the consolidation of a superior experience in our Boeing 787, one of the most modern aircraft in the world,” said Manuel Ambriz, Avianca’s chief commercial officer. “And these Bogotá to Europe flights also feature a unique design, gastronomy and wellness selection representing the best of Colombia: a menu by chef Álvaro Clavijo—one of the top 35 in the world—and a leading brand amenity kit.”

A Renewed Business Class for Flying on Single-Aisle Aircraft:

Additionally, starting July 1, a new version of the Business Class experience will be available in the first three rows of single-aisle airplanes on flights from Bogotá to Santiago de Chile, São Paulo, Buenos Aires, Montevideo, Rio de Janeiro, Miami, Washington, New York, Boston, Toronto and Mexico City.

This offering includes a main meal (breakfast, lunch or dinner), drinks, a snack service and comfort elements (blanket, pillow and amenity kit).

Added Ambriz: “We are thrilled to have renewed the ‘Business Class’ experience on flights to the Americas’ main capitals,, thereby offering our customers multiple options on how they want to fly.”

Avianca (Colombia) aircraft photo gallery:

Dana Air’s AOC is suspended

Dana Air’s (Lagos) AOC was suspended by the Nigerian CAA, after a McDonnell Douglas DC-9-82 (MD-82), skidded off the runway at the Lagos Airport.

The carrier’s AOC will remain suspended until the preliminary report of the investigation is issued.

The carrier issued this statement:

IndiGo places an order for 30 Airbus A350-900 aircraft

IndiGo, India’s most preferred airline, is further defining its long-term future by
strengthening its fleet with the introduction of wide-body aircraft to its fleet. Since inception in 2006, IndiGo has been successfully building its position and is now defining its future further on the path of becoming a global aviation player.

IndiGo agreed to place an order for 30 firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network. From the various Indian metros, IndiGo will be able to connect to the world.

The aircraft will be powered by Rolls Royce’s Trent XWB engine. The mission capability of this aircraft coupled with the efficiency of the Trent XWB engine will offer IndiGo unprecedented optionality as it embarks on the next stage of its wonderful journey of addressing the rapidly evolving needs of the Indian customer and our nation.

Currently, IndiGo operates over 350 aircraft. Last year, in June 2023, IndiGo placed the largest ever single aircraft order by any airline for 500 aircraft with Airbus. With that, the outstanding orderbook of A320 Family aircraft stands at almost 1,000 aircraft which are yet to be delivered well into the next decade.

This IndiGo order-book comprises a mix of A320NEO, A321NEO and A321XLR aircraft.

The exact configuration of the aircraft will be decided at a later stage, and the deliveries are expected to start from 2027.

In addition to the 30 firm A350-900 order, IndiGo has Purchase Rights for an additional 70 Airbus A350 Family aircraft, at its discretion, for possible future needs under certain conditions.

In calendar year 2023, IndiGo welcomed 100 million customers onboard its flights and as such, the airline is, quite literally, giving wings to our nation. IndiGo is amongst the fastest growing airlines in the world, and this order will allow it to strengthen its growth trajectory.

Before the end of this decade, the Indian economy is expected to grow from being the world’s 5th largest today to being the 3rd largest. Specifically in aviation, the Indian government has stated its mission to ensure that by 2030 India comes into her own on the world stage of aviation leadership by building cutting-edge infrastructure and developing the country into a global aviation hub.

IndiGo aircraft photo gallery:

Condor takes delivery of its first Airbus A320neo

Condor has taken delivery of its first Airbus A320neo (D-ANCZ) on lease from Avolon following an event in Toulouse.

The new aircraft is part of the airline’s ongoing fleet modernization which already includes the A330neo for long-haul routes. By operating aircraft from the A320 and the A330neo families, Condor will fully benefit from the advantages of commonality between these two aircraft family types.

Condor has operated the A320 family on its European route network for more than 20 years. With the introduction of the A320neo, Condor is building on this wealth of experience and benefiting from additional efficiency and comfort advantages the A320neo offers.

The new A320neo fleet will be powered by Pratt & Whitney engines and offer passengers maximum comfort with Airbus’ unique Airspace cabin. At the end of March 2024, the A320neo family had won more than 10000 orders from over 130 customers.

Condor aircraft photo gallery:

Brussels Airlines unveils a new Tomorrowland special livery

Brussels Airlines and Tomorrowland proudly present “Amare”, the newest Belgian Icon. Amare represents unity for people all over the world. The brand-new Airbus A320neo’s livery features augmented reality, a world-first. Both partners also ramp-up efforts to make the Tomorrowland-flights more sustainable.

During an event in Brussels Airlines’ Maintenance & Engineering hangar, the new livery was presented to media, guests, and employees. The new Belgian Icon is a tribute to the world-famous music festival Tomorrowland and demonstrates once more the Belgitude of Brussels Airlines, whereby the airline brings the world to Belgium and brings the best of Belgium to the world.

The design is a world premiere: Amare is the first aircraft to feature augmented reality in its livery as the bird comes to life when scanned through specific Social Media channels such as Instagram and TikTok. This feature provides The People of Tomorrow a first augmented storytelling behind the world-famous magical creature Amare, which symbolizes unity and transcending time and space. The whole design process of the livery took about 15 months and great attention has been given to details, from the feathers of the bird to the sparkles of the fireworks transitioning into the Brussels Airlines’ logo.

The Tomorrowland experience will of course continue inside the aircraft where passengers will enjoy the impressive sound system and special mood lighting in the cabin.

Exploring the world in a more responsible way
Both partners are aware of their environmental impact and have been working to reduce it over the past few years. The new Amare is the second brand-new A320neo (with registration number OO-SBB) having joined Brussels Airlines’ fleet in December 2023.

The neo emits up to 20% less CO2 and up to 50% less noise than its predecessors. The new Amare is thus a tangible example of how Brussels Airlines and Tomorrowland are aiming to reduce their ecological impact.

Furthermore, all Global Journey Packages Brussels Airlines and Tomorrowland sell together will from now on be Green Fares, which compensate the flight emissions with Sustainable Aviation Fuel (20%) and thanks to the investment into qualitative CO2-reducing programmes (80%). To top it off, Tomorrowland and Brussels Airlines signed an agreement to invest in the purchase of SAF to compensate the total carbon emissions of all party flights that will be operated.

“Brussels Airlines has been a proud partner of Tomorrowland since 2012 and I am happy to announce that we will extend this partnership until 2028. We have many things in common such as the passion to explore the world and connecting cultures, but also the awareness of our environmental footprint and our willingness to take the necessary steps to reduce our impact. These shared values make this partnership such a success.”
– Dorothea von Boxberg, CEO, Brussels Airlines

First maiden flight
Amare will not only bring the festivalgoers to Tomorrowland but will be operating commercial flights as from 26 April 2024. It will leave on its “maiden voyage” on 26 April 2024 to Tenerife, at 1.20pm, flight number SN3781.

About the design of Amare
Amare is a Tomorrowland icon symbolizing bringing people together and is actually synonymous with Unity.
In the Tomorrowland Universe, the bird is the only one able to travel through different Tomorrowland worlds via Paperworld (the magical parallel spectrum that connects the different worlds).So from this line of thought, Amare was visualized as if the magical bird was traveling through the “spectrum of space” by having him fade out towards the back. This also conveys a stronger sense of motion and makes the aircraft even more dynamic and modern.
This also emphasizes the very iconic head of Amare that is now known by many. Furthermore, the new visualization also exudes a tremendous power in magic through energy lines and particles that are in the direction of motion, this to further emphasize that Amare is a magical being that is constantly in motion with the purpose of bringing people together.

About Brussels Airlines’ Belgian Icons
Brussels Airlines first Belgian Icon, Rackham, was introduced in 2015 and pays tribute to Tintin, the world-famous Belgian comic.Several other Belgian Icons followed to showcase the best of Belgium around the world:
- Magritte was part of the fleet between 2016 and 2021. The aircraft was a homage to René Magritte, the Belgian surrealistic painter.
- Also in 2016, Trident joined the fleet. The official plane of the Belgian Red Devils, the Belgian national soccer team. In 2021 a new Trident was presented, this time also proudly representing the Belgian Red Flames, the female soccer team.
- Together with long-esteemed partner Tomorrowland, Amare was introduced in 2017.
- Aerosmurf smurfed the fleet between 2018 and 2023.
- Flemish painter Pieter Bruegel the Elder, a Belgian icon from the 16th century, traveled the world between 2019 and 2023.The idea behind the Belgian Icons is to introduce the best of Belgium to the world. The Belgian Icons are known all over the world and make flying even more fun.