Tag Archives: AirAsia (Malaysia)

AirAsia signs Memorandum of Cooperation for Vietnam JV

Top Photo: AirAsia. AirAsia Group CEO Tony Fernandes (front center left) shakes hands with Tran Trong Kien, CEO of Thien Minh Travel Joint Stock Company CEO and General Director of Hai Au Aviation Joint Stock Company, after the memorandum signing witnessed by Vietnamese Deputy Prime Minister Vu Duc Dam (center right) and Vietnamese Deputy Minister of Culture, Sports and Tourism Le Quang Tung (centre left), flanked by the Vice Chairmen of the Vietnamese Advisory Council to the Prime Minister on Administrative Procedures Reform, VinaCapital Group CO-Founder and CEO Don Lam (far left) and FPT Corporation Co-Founder, Chairman and CEO Truong Gia Binh (far right), who is also Chairman of Vietnam’s Private Sector Development Committee.

AirAsia (Malaysia) has made this announcement about a new joint venture in Vietnam:

AirAsia has signed a Memorandum of Cooperation reaffirming its intention to set up a low-cost carrier in Vietnam with local partners.

The memorandum was signed by AirAsia Group CEO Tony Fernandes and Vietnamese businessman Tran Trong Kien, in his capacity as CEO of Thien Minh Travel Joint Stock Company (TMG) and General Director of Hai Au Aviation Joint Stock Company (HAA), at the InterContinental Hanoi Landmark72 on December 6, 2018.

The signing, conducted on the sidelines of the Vietnam Travel and Tourism Summit 2018, was witnessed by Vietnamese Deputy Prime Minister Vu Duc Dam and Vietnamese Deputy Minister of Culture, Sports and Tourism Le Quang Tung.

AirAsia Group CEO Tony Fernandes said, “AirAsia is an Asean airline. And in Asean, Vietnam is one of the last remaining countries with a large population we’re not in. Today’s memorandum reaffirms our commitment to making AirAsia in Vietnam happen. Last year, when we announced this JV, we were bullish about Vietnam and we remain incredibly bullish about serving one of the most dynamic, fastest-growing economies in Asia.

“AirAsia is already the largest foreign airline group in Vietnam by capacity. We currently operate to five destinations here, including our most recent addition, Phu Quoc. And we will continue to expand our network to connect Vietnam to Asean and beyond, something our local JV will be able to accelerate. We couldn’t be more excited about the prospect of bringing more visitors to this amazing country and delivering true low-cost air travel to 95 million Vietnamese in the near future.”

TMG CEO and HAA General Director Tran Trong Kien said, “Vietnam tourism has performed extremely well. The number of international arrivals has doubled over the last three years and domestic and outbound travel have also grown tremendously. The sector has contributed greatly to recent economic development and social progress. Vietnam as a country needs better connectivity to continue this trend and for tourism to reach its full potential. Adding a new airline, especially at this stage and with an experienced operator like AirAsia, is a much needed and welcomed move. This new airline will bring more and better choices to our people in the years to come.”

AirAsia operates 141 return flights weekly on 13 routes – including six unique routes – connecting Hanoi, Ho Chi Minh City, Da Nang, Nha Trang and Phu Quoc with Kuala Lumpur, Penang and Johor Bharu in Malaysia, Bangkok and Chiang Mai in Thailand and Manila in the Philippines, and has carried 12 million passengers to and from Vietnam since entering the market in 2005.

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AirAsia launches Airbus A330 UFC branded livery to celebrate UFC partnership

AirAsia has launched the first UFC – branded livery on an AirAsia Airbus A330-300.

The aircraft is the first of its kind in the world to feature UFC branding and is sure to capture the attention of travelers all over the world.

AirAsia Group Head of Branding Rudy Khaw added: “We are pleased to unveil this special livery as the Official Airline of the UFC in Asia. Fight fans have been eagerly awaiting the return of UFC to Singapore, and we are thrilled to be able to present Cowboy vs Edwards for their enjoyment.”

Speaking of the launch, Vice President of Asia Pacific at UFC Kevin Chang said: “This is a special moment for our valued partner AirAsia and UFC. We’re committed to growing the brand and sport in Asia, and this collaborative partnership will continue to help us do that. We have a Fight Night in Singapore in less than a month, and this branded aircraft will add to the excitement of fans traveling there.”

Come June 23, fans can expect a world-class MMA event with athletes from around the world. A truly international fight card, UFC® FIGHT NIGHT SINGAPORE: COWBOY vs. EDWARDS presented by AirAsia boasts athletes from Australia, Brazil, China, England, Japan, Mexico, Philippines, Russia and the United States.

Photos by AirAsia.

 

First Airbus A320neo assembled in Tianjin delivered to AirAsia

AirAsia (Malaysia) has taken delivery of the first Airbus A320neo (9M-AGK) assembled at the Airbus Final Assembly Line Asia (FALA) at a dedicated ceremony in Tianjin, China. The aircraft, powered by CFM LEAP-1A engines, seats comfortably 186 passengers and is equipped with the innovative Space-Flex cabin.

AirAsia is the largest airline customer of the A320 Family with orders for 578 aircraft. These include 404 A320neo Family aircraft.

Aireen Omar, AirAsia Berhad Chief Executive Officer said: “We are very proud to receive the first Airbus A320neo fully assembled in Tianjin, China and we would like to congratulate Airbus, as well as the Chinese Government  for achieving yet another milestone. China is today one of the world’s most important markets for aviation, and we are honoured to be part of the development and rapid growth of China’s civil aviation. We are certainly proud to take delivery of this aircraft fully assembled in Tianjin and have this historic aircraft as part of our fleet”.

“The Airbus A320 aircraft has contributed immensely towards our business model and our operations. We received our first A320neo last year and this is our thirteenth Airbus A320neo that we are receiving for the group, which is also the 184th aircraft delivered by Airbus. As we expand our network and grow our fleet, it is important for us to stay at the forefront of our business. We are very pleased with the A320neo, which provides up to 15 percent fuel savings and an additional range of 500 nautical miles, which translates to a lower fares for our guests.” she added.

“I am very pleased to hand over the first A320neo to be assembled in Tianjin to AirAsia.  AirAsia will continue to benefit from the unique commonality between all variants of the Airbus Family and enjoy efficiencies throughout its existing fleet.” said Eric Chen, President of Airbus Commercial Aircraft China. “The delivery of the NEO is a milestone for our Asia Final Assembly Line, which will help to meet the robust demand of our customers in China and the Asia-Pacific region.”

The FALA in Tianjin, inaugurated in 2008 became the third single-aisle aircraft final assembly line location of Airbus worldwide, following Toulouse and Hamburg. It was also the first Airbus Final Assembly Line outside Europe. Today, some 340 aircraft have been assembled and delivered from Tianjin, China.

The A320neo Family incorporates the very latest technologies including new generation engines and Sharklets, which together deliver at least 15 percent fuel savings at delivery and 20 percent by 2020. With more than 5,200 orders received from 95 customers since its launch in 2010, the A320neo Family has captured some 60 percent share of the market.

Copyright Photo: Airbus.

Financial Times: AirAsia CEO pledges to prove that airline critics are wrong

AirAsia (Malaysia) (Kuala Lumpur) CEO Tony Fernandes (below) is fighting a critical report by the independent research firm GMT. The report, according to this story by The Financial Times, states the airline is “teetering on default”.

AirAsia CEO Tony Fernandes Time 100

Above Photo: AirAsia. Time Magazine previously proclaimed CEO Tony Fernandes as one of the Top 100 Most Influential People in the World.

 

This interesting read also explains the intricate financing of the group and lays out in a graph how the group is owned and financed.

AirAsia circle logoThis story is recommended.

Read the full report: CLICK HERE

AirAsia Taylor Swift Red Tour (AirAsia)(LR)

Photo Above: AirAsia. AirAsia in 2014 partnered with U.S. singer Taylor Swift and became the official airline for her Red Tour in Asia.

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. In conjunction with the 2014 Red Tour, AirAsia decorated this Airbus A320-216 9M-AHM (msn 3536) with the image of Taylor Swift.

AirAsia aircraft slide show: AG Airline Slide Show

AG Ad - Captain's Log 5.2015 (LRW)

AirAsia X firms up its order for 55 Airbus A330-900neo aircraft

AirAsia X A330-900neo (14)(Flt)(Airbus)(LRW)

AirAsia X (AirAsia.com) (Kuala Lumpur), the long haul affiliate of AirAsia (AirAsia.com) (Malaysia) (Kuala Lumpur), has placed a firm order with Airbus for 55 A330neo aircraft. This is the largest single order to date for the A330 Family and reaffirms AirAsia X’s position as the biggest A330 airline customer worldwide, having now ordered a total of 91 aircraft. The announcement covers the firming up of a Memorandum of Understanding (MOU) for 50 A330neo signed during the Farnborough Air Show in July 2014, plus an additional five aircraft. Deliveries of the newly-ordered aircraft will begin in 2018.

The A330neo will incorporate latest generation Rolls-Royce Trent 7000 engines, aerodynamic enhancements and new cabin features.

Image: Airbus. A conception image of the A330-900neo.

AirAsia X aircraft slide show:

Is AirAsia considering an investment in Skymark Airlines?

Skymark Airlines (Tokyo-Haneda) has been retrenching. Besides the cancellation of its Airbus A380 order by Airbus, the low-fare carrier has also announced it will leave Tokyo Narita and concentrate its flights at Tokyo (Haneda). Now according to ZipanguFlyer, there may be a new development:

“On August 19, the Nikkei Shimbun reported that the AirAsia Group has started considering an investment in ailing Skymark Airlines (BC/SKY), including a possible takeover. It said that the Malaysian LCC, a very important customer for Airbus, is also talking with the European manufacturer to reduce the penalties they are seeking with Skymark for the canceled Airbus A380 order.”

Read the full report: CLICK HERE

AirAsia is currently working with new Japanese partners to launch the second version of AirAsia (Japan) next year. If this report is correct and it is consummated, it would probably be the end of Skymark Airlines and Boeing would lose a loyal Japanese customer.

Stay tuned.

Copyright Photo: Ivan K. Nishimura/Blue Wave Group. Boeing 737-81D JA73NN (man 39422) passes through Honolulu on its delivery flight.

Skymark Airlines: AG Slide Show

AirAsia Japan to be relaunched in 2015

AirAsia Japan (2nd) New Partners (LRW)

AirAsia (AirAsia.com) (Malaysia) (Kuala Lumpur) has announced the second launch of AirAsia Japan (2nd). The low-fare Malaysian airline issued this statement today (July 1). Operations are due to start in mid 2015. Here is the full statement:

AirAsia today (July 1) announced that it will be entering into a Shareholders Agreement with Octave Japan Infrastructure Fund I GK (Octave), Rakuten Inc. (Rakuten), Noevir Holdings Co. Ltd. (Noevir), and Alpen Co. Ltd. (Alpen) to establish AirAsia Japan.

Tony Fernandes (center above), Group Chief Executive Officer of AirAsia said, “We are very excited to return to Japan’s skies together with Octave, Rakuten, Noevir and Alpen this time round. I am more confident than ever that AirAsia Japan, led by Odi (Odagiri Yoshinori) with the strong partnership we have with our new investors, will continue to realize our vision to revolutionize the low-cost carrier segment of Japan. The AirAsia Japan team is now working hard with the relevant authorities to obtain necessary operational approvals, and we hope that all will be in place to start both domestic and international flights by the summer of 2015.”

AirAsia Japan (2nd) Take Off (LRW)

Odagiri Yoshinori, Chief Executive Officer of AirAsia Japan further commented, “We are ready to take on this challenge and with great teamwork, we hope to bring AirAsia’s successful low-cost business model once again to Japan. Our counterparts in Malaysia, Thailand, Indonesia, the Philippines and India have seen great and encouraging responses in their markets, and we will work towards the same for Japan. We would like to thank the investors for their belief in us and we look forward to working closely with them moving forward.”

Octave was incorporated in Japan on May 2014 and its major business is to acquire, own, manage, hold, sell, and dispose of the shares of AirAsia Japan and make collections from the shares of AirAsia Japan; while Rakuten was incorporated in Japan on February 1997 and its major business includes Internet services (e-commerce, travel), financial services (bank, credit card, securities. etc), telecommunications and professional sports.

Noevir, which was incorporated in Japan on March 2011 and its major business includes cosmetics, pharmaceuticals and health food, apparel and aviation business. Alpen was incorporated in Japan on July 1972 and its major business includes manufacturing and retail of ski equipment, other sporting goods equipment including golf, tennis, marine sports, baseball, etc. and leisure goods; management of ski resorts, golf courses and fitness clubs.

AirAsia logo

Read the full story from ZipanguFlyer: CLICK HERE

Read the analysis by Bloomberg Businessweek: CLICK HERE

AirAsia (Japan) (1st): AG Slide Show

AirAsia (Malaysia): AG Slide Show

Copyright Photos: AirAsia Japan.

AirAsia Japan FAs (LRW)