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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
Malaysia Airlines nears end of restructuring, parent co says

Malaysia Airlines nears end of restructuring, parent co says

The group is negotiating discounts with lessors via a restructuring plan it is seeking to implement through a UK court process.
Thu Jan 07 2021
Rayani Air suspends operations

Rayani Air suspends operations

Malaysias first syariah-compliant airline, Rayani Air has suspended operations with immediate effect since yesterday as part of its restructuring plan.
Sat Apr 09 2016
Don't politicise MAS restructuring plans, politicians told

Don't politicise MAS restructuring plans, politicians told

UMNO Kedah Youth chief Datuk Shaiful Hazizy Zainol Abidin had urged politicians not to politicise the restructuring efforts of Malaysian Airlines (MAS).
Thu Jun 04 2015
MAS unprofessional by targetting Nufam in mass retrenchment - Nufam president

MAS unprofessional by targetting Nufam in mass retrenchment - Nufam president

National Union of Flight Attendants Malaysia (Nufam) said it is being targeted by Malaysian Airlines (MAS) in its mass retrenchment exercise because it was vocal in criticising the airline.
Mon Jun 01 2015
I need three years to overhaul MAS - Christoph Mueller

I need three years to overhaul MAS - Christoph Mueller

It would take at least three years to overhaul troubled national carrier Malaysia Airlines (MAS)said its new CEO Christoph Mueller.
Thu May 28 2015
Siemens says to cut 4,500 jobs worldwide

Siemens says to cut 4,500 jobs worldwide

German engineering giant Siemens said on Thursday that it would slash an additional 4,500 jobs worldwide, on top of 7,800 cuts announced in February as part of an ongoing restructuring plan.
Thu May 07 2015
Corporate official rubbishes Jentayu's aircraft leasing proposal

Corporate official rubbishes Jentayu's aircraft leasing proposal

Even GE Capital Aviation Services, the world's largest aircraft and engine lessor and lender which owns over 1,600 aircraft, only employs about 500 staff.
Mon Dec 29 2014
Khazanah has right to appoint Mueller

Khazanah has right to appoint Mueller

Khazanah should be given the flexibility to select the candidate who can make its restructuring plan work for them, including the management.
Mon Dec 08 2014
MAS staffers concerned with restructuring plan

MAS staffers concerned with restructuring plan

Malaysia Airlines restructuring plan, which includes axing six thousand jobs - around a third of the workforce has - caused worries among staffers, particularly cabin crew.
Sat Aug 30 2014
MAS restructuring plan not complete without operations and business overhaul

MAS restructuring plan not complete without operations and business overhaul

PAC says the 12-point plan mapped by Khazanah Nasional for MAS will not be complete if it does not involve operations and business.
Sat Aug 30 2014
MAS recovery plan not a bailout, says Khazanah

MAS recovery plan not a bailout, says Khazanah

The restructuring plan aims to return the national carrier to profitability within three years, says Khazanah MD Azman Mokhtar.
Fri Aug 29 2014
6,000 staff to be laid off in 'New MAS' plan

6,000 staff to be laid off in 'New MAS' plan

The restructuring plan for ailing national carrier Malaysia Airlines Systems will see a downsizing of its current 20,000 employees to approximately 14,000, a 30 percent reduction.
Fri Aug 29 2014
Discuss MAS restructuring plan away from media glare - Musa Hitam

Discuss MAS restructuring plan away from media glare - Musa Hitam

The MAS Employees Union should be involved in the restructuring plan, but any negotiation should be held away from the media glare.
Tue Aug 26 2014
Who is Prabowo Subianto, incoming president of Indonesia?

Who is Prabowo Subianto, incoming president of Indonesia?

A wealthy ex-general with ties to Indonesia's popular outgoing president and its dictatorial past, looks set to be its next leader.
Sat Oct 19 2024
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'

Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'

The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Sat Oct 19 2024
Putin says Russia willing to seek compromises between Iran and Israel

Putin says Russia willing to seek compromises between Iran and Israel

Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
Sat Oct 19 2024
What proposals will Russia push at the BRICS summit?

What proposals will Russia push at the BRICS summit?

The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Sat Oct 19 2024
Indonesia's free meals plan in the spotlight as Prabowo readies for office

Indonesia's free meals plan in the spotlight as Prabowo readies for office

Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Sat Oct 19 2024
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21

Astro AWANI's revamped English news website, AWANI International, launches on Oct 21

Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Sat Oct 19 2024
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say

Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Sat Oct 19 2024
Liam Payne's ex-partner calls for media restraint after 'painful' death

Liam Payne's ex-partner calls for media restraint after 'painful' death

Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Sat Oct 19 2024
Analysts: Indonesia's strong MoF leadership team to boost investor confidence

Analysts: Indonesia's strong MoF leadership team to boost investor confidence

Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Sat Oct 19 2024
Biden offers both a carrot and a stick to Israel as his term nears an end

Biden offers both a carrot and a stick to Israel as his term nears an end

Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Sat Oct 19 2024