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Author: Tan KW   |   Latest post: Thu, 18 Jul 2019, 5:46 PM

 

AirAsia Going Asset-Light and MTUC Defends Proposal

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J.Solomon, Secretary General, Malaysian Trade Union Congress (MTUC)

18-Jun-19 07:45

AirAsia Going Asset-Light and MTUC Defends Proposal

Air Asia paid a special dividend of 90 cents after the airline group sold its 25 aircrafts to US private investment firm Castlelake LP in a deal worth 768 million US dollars (RM3.22bil) last year. This is part of AirAsia shifting from the traditional model of owning aircrafts to an asset-light model. One of the benefits is lowering its financial liabilities.

04:09 - The Malaysian Trade Unions Congress or MTUC put forth proposals last week to amend Malaysia’s labour laws. One of the key recommendations was to expand coverage and protection of the Employment Act to all those with a salary of RM10,000 and below. We speak to the MTUC Secretary General himself, J. Solomon, to respond to some of the comments from previous conversations.

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Labels: AIRASIA

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