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 Capital A Berhad /AirAsia (5099), Asia's largest LCC group

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river.sand
post Apr 7 2017, 08:56 PM

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Vietnamese airlines battle over air fare floor price proposal

The Transport Ministry says it will study the proposal carefully before making a final decision.
National flag carrier Vietnam Airlines has proposed to the aviation authority to set a floor price for air tickets, similar to a plan sought by its subsidiary Jetstar Pacific, but budget airline VietJet has opposed the move, saying it would create "unfair competition".

Vietnam Airlines, which reported a huge loss in late 2016, suggested the floor price for domestic air fares should be set at between VND1.54 million and VND4.2 million ($68-$185) in a proposal sent to the transport ministry in late March.

The Civil Aviation Authority of Vietnam (CAAV) is seeking opinions from airlines whether to raise the air fare cap for economy class by 7-16 percent from the current range of VND1.6 million to VND3.75 million.

Jetstar Pacific, one of Vietnam's two budget airlines, has suggested the floor be set at 29-34 percent of the cap. The carrier is 70 percent owned by Vietnam Airlines, while Australia's Qantas Airways owns the remaining 30 percent.

But VietJet Air, Vietnam's only private airliner, said setting a price floor is not a common rule worldwide and is also against Vietnam’s Competition Law.

“The rule will hinder the opportunities for low-cost carriers. That means it will create unfair competition,” a VietJet representative said.

Lai Xuan Thanh, head of the CAAV, said the aviation authority has yet to make a proposal to the transport ministry, and the idea of a floor price comes from the carriers.

http://e.vnexpress.net/news/business/vietn...al-3565328.html


If floor price is implemented, Tony's AAV (Asia Adult Video Air Asia Vietnam) will be in trouble unsure.gif
Vizhai
post Apr 10 2017, 10:24 AM

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Someone know what will happen if the Warrant reach its maturity date?
theevilman1909
post May 15 2017, 10:13 PM

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AirAsia Bhd signed a memorandum of understanding (MoU) with China Everbright Group and the Henan Government Working Group to jointly explore the planned establishment of a budget airline in China.

AirAsia told Bursa Malaysia today that the MoU enabled AirAsia, Everbright and the Henan Government "to confirm their interest" in forming joint venture (JV) entity AirAsia (China). Henan is a province in central China.

AirAsia said the MoU parties planned to incorporate AirAsia (China) in Henan's capital city Zhengzhou, which is intended to be the headquarters of AirAsia (China).

http://www.theedgemarkets.com/article/airasia-plans-china-jv

more future upside?
Dividend Magic
post May 16 2017, 03:09 PM

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QUOTE(theevilman1909 @ May 15 2017, 10:13 PM)
AirAsia Bhd signed a memorandum of understanding (MoU) with China Everbright Group and the Henan Government Working Group to jointly explore the planned establishment of a budget airline in China.

AirAsia told Bursa Malaysia today that the MoU enabled AirAsia, Everbright and the Henan Government "to confirm their interest" in forming joint venture (JV) entity AirAsia (China). Henan is a province in central China.

AirAsia said the MoU parties planned to incorporate AirAsia (China) in Henan's capital city Zhengzhou, which is intended to be the headquarters of AirAsia (China).

http://www.theedgemarkets.com/article/airasia-plans-china-jv

more future upside?
*
Yeah!! Still waiting on their disposal of their unit AAV for 3.5 billion. cry.gif

http://dividendmagic.com.my/2017/02/23/airasia/
Big AA fan lol
TSnexona88
post May 16 2017, 04:53 PM

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Special dividend incoming tongue.gif
theevilman1909
post May 17 2017, 04:16 PM

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QUOTE(Dividend Magic @ May 16 2017, 03:09 PM)
Yeah!! Still waiting on their disposal of their unit AAV for 3.5 billion.  cry.gif

http://dividendmagic.com.my/2017/02/23/airasia/
Big AA fan lol
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should be completed by year end?? hmm.gif
Dividend Magic
post May 17 2017, 08:48 PM

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QUOTE(theevilman1909 @ May 17 2017, 04:16 PM)
should be completed by year end??  hmm.gif
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Really hard to say right now. =(

Fingers crossed though!
TSnexona88
post Jan 9 2018, 03:50 PM

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BUMP

Name changed from AirAsia Berhad to AirAsia Group Berhad..

AirAsia consolidates biz under AirAsia Group
https://themalaysianreserve.com/2018/01/09/...-airasia-group/
TSnexona88
post Jan 9 2018, 03:52 PM

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another future listing...

AirAsia Group may relist M’sian ops to unlock value
https://www.theedgemarkets.com/article/aira...ps-unlock-value
TSnexona88
post Mar 7 2018, 06:24 PM

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what's cooking with AirAsia??

dropped like 5%

closed @ rm 3.96, down 24sen hmm.gif
jellyjelly
post Apr 17 2018, 01:57 PM

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Is AA good to buy now or wait a bit more first?
Avangelice
post Apr 17 2018, 08:27 PM

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placed AA into my watch list
TSnexona88
post Jan 31 2019, 06:05 PM

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AirAsia claiming RM480m damages from MAHB because of operating at klia2 (mainly due to the loss of customers in the last four years, owing to disruptions and poor condition of the terminal).

https://www.thesundaily.my/business/airasia...m-mahb-CJ469253

walao like this also can...
enkil
post Feb 1 2019, 02:39 PM

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Money money hehe..
TSnexona88
post Feb 1 2019, 10:41 PM

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actually what AA mention have valid point too...
KLIA2 design is really failed... I don't know what the authorities thinking when designing it.. given choice.. would rather use KLIA even it's kinda old. at least it much better...
Taikor.Taikun
post Feb 11 2019, 09:56 PM

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Crude oil prices dropped. Good enough reason to buy AA now?

QUOTE
Oil prices dip on rising U.S. rig count

Crude prices dipped early on Monday in Asia as U.S. drilling activity picked up and as Russia's biggest oil producer pressured President Vladimir Putin to end the supply cut deal with Middle East-dominated producer club OPEC.

U.S. West Texas Intermediate (WTI) crude futures were at $52.44 per barrel at 0036 GMT, down 28 cents, or 0.5 percent, from their last settlement.

International Brent crude oil futures were down 10 cents, or 0.2 percent, at $62 a barrel.

In the United States, energy firms last week increased the number of oil rigs operating for the second time in three weeks, a weekly report by Baker Hughes said on Friday.

Companies added 7 oil rigs in the week to Feb. 8, bringing the total count to 854, pointing to a further rise in U.S. crude production, which already stands at a record 11.9 million barrels per day (bpd). <C-OUT-T-EIA>

Elsewhere, the head of Russian oil giant Rosneft, Igor Sechin, has written to the Russian President Vladimir Putin saying Moscow's deal with the Organization of the Petroleum Exporting Countries (OPEC) to withhold output is a strategic threat and plays into the hands of the United States.

The so-called OPEC+ deal has been in place since 2017, aimed at reining in a global supply overhang. It has been extended several times and, under the latest deal, participants are cutting output by 1.2 million bpd until the end of June.

OPEC and its allies will meet on April 17-18 in Vienna to review the pact.

Preventing crude prices from falling much further have been U.S. sanctions on Venezuela, targetting its state-owned oil firm PDVSA.

"The issues in Venezuela continue to support prices. Reports are emerging that PDVSA is scrambling to secure new markets for its crude, after the U.S. placed additional sanctions on the country," ANZ bank said on Monday.
TSnexona88
post Feb 25 2019, 04:01 PM

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Thai AirAsia owner in talks to buy stake in rival Nok Air
http://www.theedgemarkets.com/article/thai...e-rival-nok-air

Thai AirAsia - Nok Airlines mergers later on blink.gif brows.gif endless possibilities blush.gif
liangzai84
post Feb 28 2019, 12:47 AM

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Asia's largest budget carrier posted a bigger than expected loss of 395 million ringgit
theevilman1909
post Feb 28 2019, 12:35 PM

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bad news...
but it's expected....
johnathonmaclan
post Mar 4 2019, 12:17 PM

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KUALA LUMPUR: AirAsia Group Bhd group chief executive officer (CEO) Tan Sri Tony Fernandes on Thursday said the low-cost carrier made all the right moves in 2018.

His comment came after the low-cost carrier announced its largest ever quarterly loss of RM394.97 million, prompting some analysts to downgrade the group. And the airline share price has tumbled from the peak of RM3.84 a year ago.

In a tweet from his handle @tonyfernandes yesterday, Fernandes said, “Made all the right moves in 2018 cutting-cost, adding capacity, taking market share and setting up new business like Red Logistics which is going to be huge.

“AirAsia operates the group’s logistics businesses via RedCargo Logistics Sdn Bhd. The stars appear to be lining up. Asean airlines will all make money this year. India and Japan reduce losses. Cash strong. Oil is 54% hedged and stable. Currencies stronger,” read the tweet.

However, Fernandes said AirAsia was really hurt by the closure of Boracay in the Philippines and numerous national disasters in Indonesia which led to huge losses.

On the co-founder’s comment thatAirAsia Group was doing all the right things, for shareholders one could be the bumper dividend that it has declared for the financial year ended Dec 31, 2018 (FY18).

The airline has rewarded its shareholders generously with a total dividend of 24 sen per share along with a special dividend of 40 sen, translating into a payout ratio of 108% — it pays out more than it earns to reward shareholders. Its annual earnings per share for FY18 came in higher at 59.2 sen versus 49.3 sen the year before.

Being the controlling shareholder Fernandes, who owns the most shares, has more reason to smile.

His two investment vehicles — Tune Live Sdn Bhd and Tune Air Sdn Bhd, which collectively hold 1.075 billion shares, or a 32.18% stake, are receiving RM688 million cash in dividends for FY18.

It is worth noting that the low-cost carrier declared 12 sen dividend per share in FY17. For the block of 1.075 billion shares, Fernandes and his partner Datuk Kamarudin Meranun received dividends of RM210 million in FY17.

The duo are surely laughing all the way to the bank for the good investment they made in the airline.

To recap, in April 2016, Fernandes and Kamarudin announced a massive RM1 billion capital injection by them through placement of new shares into AirAsia.

Some 559 million new shares, or a 16.7% stake of the enlarged capital were then issued to their vehicle, Tune Live, at RM1.84 each.

This bumped up their shareholdings to 32.5% from 19%.

AirAsia share price has been on the decline since the first quarter last year from the peak of RM3.84 in March last year to a low of RM2.07 in October last year.

Still, yesterday’s closing of RM2.77 is higher than the placement price of RM1.84 then.

The aviation stock succumbed to heavy selling pressure yesterday amid the gloomy outlook that the group might have seen its peak in terms of profitability as some analysts described having combed through the latest financial numbers. Its share price slid 8.9% or 27 sen to RM2.77.

Nonetheless, Fernandes will probably disagree with such a view as the airline has made the right moves.

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