Tag Archives: AirAsia (Malaysia)

AirAsia reports second quarter net profit of $48 million

AirAsia (AirAsia.com) (Malaysia) (Kuala Lumpur) reported a $48 million net profit in the second quarter.

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AirAsia and Malaysia Airlines in a new share swap

AirAsia (AirAsia.com) (Kuala Lumpur) and Malaysia Airlines (Kuala Lumpur), once fierce competitors, can moving closer and preparing to become shareholders in each company.

According to this published report by the China Post, Khazanah Nasional Bhd, which owns about 70 percent of Malaysia Airlines, would get a stake in AirAsia, while Tune Air SDN BHD, which owns 26 percent of AirAsia, would get a 20 percent share of Malaysia Airlines. Tune Air is partly controlled by AirAsia’s CEO Tony Fernandes and another partner.

The intent of this proposed deal is to save financially-challenged Malaysia Airlines.

Read the full report: CLICK HERE

Malaysia Slide Show: CLICK HERE

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AirAsia Japan is born

ANA Group (Tokyo) and AirAsia (Malaysia) (Kuala Lumpur) today (July 21) announced that they are teaming up to form AirAsia Japan, a new low-cost carrier.

AirAsia Japan will be the first low-cost carrier to be based at Narita International Airport. Operating under the AirAsia brand, the new low-fare airline will serve both domestic and international destinations when commencing operations in August 2012, subject to obtaining the relevant approvals.

According to the two airlines, the aviation market in Japan is undergoing rapid transformation with developments including the expansion of Open Skies agreements and increased domestic competition from road and rail-based travel. In addition, Narita airport, a major international hub serving Tokyo, is seeking to increase capacity with the introduction of a new terminal and is expected to attract many low-cost carriers and foreign airlines.

ANA has been seeking opportunities to launch a new low-cost business based at Narita and, after analysis, has concluded that partnering with an existing low-cost carrier is the most efficient and strategically advantageous option.

Having already established an unmatched network, especially within the ASEAN region, AirAsia has been seeking a business partner with strong Japanese market influence to further expand its scope, as well as contribute to strengthening bilateral ties between ASEAN and Japan.

The formation of AirAsia Japan leverages AirAsiaโ€™s successful business model and brings together the complementary strengths of the two companies, generating new demand with the aim of making affordable and quality travel available to all.

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ANA and AirAsia discuss creating a new low-cost joint venture at Tokyo Narita

ANA-All Nippon Airways (Tokyo) and AirAsia (Malaysia) (Kuala Lumpur) have started negotiations to establish a new budget airline based at Tokyo’s Narita Airport, according to industry sources and this report by the Daily Yomiuri Online. Operations for the unnamed carrier could start in 2012.

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AirAsia may order another 100 Airbus A320neo aircraft

AirAsia (Kuala Lumpur) is striving to become one of the largest airlines in the world.

According to this report by Reuters, AirAsia is planning to order an extra 100 Airbus A320neo jets, potentially taking its record-breaking order to 300.

AirAsia announced an orderfor 200 A320neo aircraft at the Paris Air Show in June.

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AirAsia Slide Show: CLICK HERE

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AirAsia orders 200 Airbus A320neo aircraft

AirAsia (AirAsia.com) (Kuala Lumpur) placed a firm order with Airbus for 200 A320neo aircraft. The contract, announced at the Paris Air Show today, is the largest order ever placed for the A320 Family and makes AirAsia the biggest airline customer for the Airbus single aisle product line worldwide. AirAsia announced that its A320neo aircraft will be powered by CFM Internationalโ€™s new LEAP-X engines.

Altogether, AirAsia has now placed firm orders for 375 A320 Family aircraft, with 89 already in service on the carrier’s fast-growing pan-Asian network. In addition, the carrier’s long haul affiliate AirAsia X is also an all-Airbus customer having placed orders for 38 widebody aircraft.

CFM International, the joint venture between GE Aviation and French engine manufacturer Snecma, capped off an already record week at the Paris Air Show in Le Bourget with this announcement that carrier Air Asia will purchase 400 of CFMโ€™s more energy-efficient LEAP engines for 200 of its new Airbus A320neo planes, in the largest single-firm aircraft order in aviation history.

To read more, check out the following link:ย http://www.gereports.com/leaping-the-competition-at-paris-air-show-27-billion-in-engine-deals/

Boeing, the market has spoken and you are losing customers.

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AirAsia’s first quarter net profit declines 23% to $56 million

AirAsia Bhd’s (AirAsia Group) (Kuala Lumpur) net profit declined 23% to $56 million for the first quarter ending on March 31.

AirAsia’s Short-Haul Routes from Kuala Lumpur:

Read the full report from Bloomberg: CLICK HERE

AirAsia produces a record $349 million profit in 2010

AirAsia (Kuala Lumpur) continues to make money, despite a challenging environment. The airline group produced a record $349 million profit in 2010.

Read the full report from Bloomberg Businessweek: CLICK HERE

Interactive route map (routes from Kuala Lumpur): CLICK HERE

Is AirAsia’s Tony Fernandes getting ready to make a bid for Virgin Atlantic?

Virgin Atlantic Airways (London) has recently stated it has received several inquiries. One of them may be from Tony Fernandes of AirAsia as reported in this article. Singapore Airlines currently owns 49 percent of Virgin Atlantic.

Read the full story from Reuters:

CLICK HERE

Meanwhile Tony Fernandes has denied these reports that he is interested in Virgin Atlantic.

Read the full story from Reuters:

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AirAsia is moving ahead with a joint venture in the Philippines

AirAsia (AirAsia.com) (Malaysia) (Kuala Limpur) is moving ahead with its planned new joint venture in the Philippines. AirAsia Philippines is expected to be launched in August 2011.

Copyright Photo: Michael B. Ing. Please click on the photo for additional information.