AirAsia

AirAsia X fares jump 40% due to Iran war; CEO calls it ‘the most critical challenge’

This comes as jet fuel costs doubles, from US$90 a barrel to about US$200

Tony Fernandes says that the airline will need to raise fares and trim capacity in places where it can no longer cover fuel costs.

AirAsia X committed to opening Bahrain hub despite Middle East conflict

The airline has been hit hard by the conflict, which saw jet fuel prices soaring

Capital A CEO Tony Fernandes said the company has seen a limited impact from the Middle East conflict on its businesses, which include aircraft maintenance, freight and logistics, food catering and branding services.

Malaysia’s Capital A names new deputy CEO, explores dual listing in Hong Kong

Company plans to list branding unit in US by year-end, CEO Tony Fernandes says

Fernandes has said that he aims to list all of his non-aviation businesses under holding company Capital A over the coming years.

AirAsia chief says brand unit is nearing Nasdaq backdoor listing

The deal will involve the merger of the branding unit with the US-listed company

AirAsia is pushing hard on expansion plans after scaling back operations and restructuring its finances during the Covid-19 pandemic.

AirAsia nears deal for 100 Airbus A220 jets in expansion push

The airline is set to start its Middle East hub in Bahrain as early as this year

Founded in 2018, Teleport is South-east Asia’s largest logistics firm by volume, ranking it among Capital A’s most valuable assets.

BlackRock’s HPS invests US$50 million in Malaysia’s Teleport for Asia debut

The deal values the company – a unit of Capital A Bhd – at US$500 million

The AirAsia group has become one of Asia’s largest budget airline operators since its 2001 founding.

AirAsia X targets up to US$600 million debt restructuring after combining airlines

[KUALA LUMPUR] Malaysia’s AirAsia X targets US$500 million to US$600 million in debt restructuring after the budget airline this week bought the short-haul aviation business of Capital A, deputy group...

“We will increase connectivity to the West,” said Farouk Kamal, deputy group CEO of AirAsia X Bhd.

AirAsia seeks to start Bahrain hub this year, deputy CEO says

The low-cost carrier has raises RM 1 billion in a private placement as part of the restructuring exercise

As part of the transaction, AirAsia X issued 2.3 billion shares to Capital A and its entitled shareholders.

Capital A completes sale of aviation business to AirAsia X

The move will consolidate the group’s aviation businesses under a single entity