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Creditors can't sue AirAsia X for another 9 months, says Malaysia court

Creditors can't sue AirAsia X for another 9 months, says Malaysia court

The budget airline is undergoing a restructuring of its RM64.15 billion debt.
Fri Jun 18 2021
Malaysia's AirAsia X gets shareholder go-ahead for restructuring plan

Malaysia's AirAsia X gets shareholder go-ahead for restructuring plan

AirAsia X Bhd shareholders have approved the Malaysian budget airline's debt restructuring.
Wed Jun 02 2021
Exclusive: AirAsia X shows court creditors' support for restructuring plan

Exclusive: AirAsia X shows court creditors' support for restructuring plan

Supportive lessors said they wanted to continue discussions with the budget airline and potential new investors.
Thu Jan 14 2021
Budget airline AirAsia X out of money, needs $120 mln for restart - Report

Budget airline AirAsia X out of money, needs $120 mln for restart - Report

Lim said AirAsia X also needed to convince its lessors of its business plan, adding an unnamed lessor recently took back one of the airline's planes to convert it to a freighter.
Sat Oct 17 2020
Southeast Asia budget airline boom turns sour for planemakers, lessors

Southeast Asia budget airline boom turns sour for planemakers, lessors

Auditors for Malaysia's AirAsia Group and Vietnam's VietJet Aviation are concerned about cashflows and funding.
Tue Jul 21 2020
AirAsia bags ASEAN Business Award 2017

AirAsia bags ASEAN Business Award 2017

Budget airline AirAsia Bhd has bagged this year's ASEAN Business Award (for Priority Integration Sector - Tourism, for its outstanding performance in the region's priority for tourism.
Thu Sep 07 2017
AirAsia X second-quarter profits soar on forex gains

AirAsia X second-quarter profits soar on forex gains

AirAsia X Bhd, Malaysia's long-haul budget airline, posted a sharp surge in quarterly profit, driven by foreign exchange gains and realisation of deferred taxes.
Thu Aug 24 2017
Malaysia's AirAsia X posts 80 pct plunge in Q4 profit

Malaysia's AirAsia X posts 80 pct plunge in Q4 profit

Malaysian long-haul budget airline AirAsia X Bhd on Wednesday said its fourth-quarter profit plunged 80 percent from a year ago, hit by foreign exchange volatility over the period.
Wed Feb 22 2017
Asia targets tourism, education boost from Trump travel ban

Asia targets tourism, education boost from Trump travel ban

In Muslim-majority Malaysia, the group CEO of Asia's largest budget airline, AirAsia, suggested countries in the 10-member Association of Southeast Asian Nations (ASEAN) could cash in.
Tue Jan 31 2017
Indonesian pilot fired after slurred cockpit announcement

Indonesian pilot fired after slurred cockpit announcement

The CEO of budget airline Citilink, a subsidiary of national flag carrier Garuda Indonesia, had also offered his resignation to take responsibility for the incident.
Sat Dec 31 2016
Indian flight diverted after passenger sits on food cart

Indian flight diverted after passenger sits on food cart

The morning flight from Dubai to Calicut, in the southern Indian state of Kerala, was diverted to Mumbai where the passenger was offloaded and handed over to police, IndiGo said in a statement.
Thu Jul 28 2016
World's 'biggest' budget airline alliance takes off in Asia-Pacific

World's 'biggest' budget airline alliance takes off in Asia-Pacific

The alliance is made up of eight budget airlines from Southeast Asia, Japan and Australia.
Tue May 17 2016
'I have people's blood on my feet': Severe turbulence lands passengers in hospital

'I have people's blood on my feet': Severe turbulence lands passengers in hospital

This isn't the first incident involving Allegiant Air, a Las Vegas-based budget airline.
Fri May 06 2016
Budget airline crew members detained during drug party

Budget airline crew members detained during drug party

The National Narcotics Agency Tuesday confirmed three crew of an Indonesian budget airline were among four people detained in a drug-linked raid.
Wed Dec 23 2015
Indonesia suspends dozens of flights for no permits

Indonesia suspends dozens of flights for no permits

Indonesia's transport ministry said Friday it had suspended 61 domestic flight routes because they did not have permits.
Fri Jan 09 2015
ISIS Malaysia's perspective of Budget 2025

ISIS Malaysia's perspective of Budget 2025

An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Fri Oct 18 2024
Budget 2025: Record increase in STR, SARA aid initiatives

Budget 2025: Record increase in STR, SARA aid initiatives

The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Fri Oct 18 2024
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar

The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
Fri Oct 18 2024
What policies to expect from Indonesia's new President Prabowo

What policies to expect from Indonesia's new President Prabowo

Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Fri Oct 18 2024
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS

The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Fri Oct 18 2024
Israel sends more troops into north Gaza, deepens raid

Israel sends more troops into north Gaza, deepens raid

Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Fri Oct 18 2024
Indonesia ramps up security ahead of Prabowo's inauguration

Indonesia ramps up security ahead of Prabowo's inauguration

Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Fri Oct 18 2024
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods

Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Fri Oct 18 2024
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM

Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
Fri Oct 18 2024
NFOF will be operational in November 2024 with funding of RM1 bil

NFOF will be operational in November 2024 with funding of RM1 bil

PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Fri Oct 18 2024