AirAsia Japan files for bankruptcy

 Publish date: Tue, 17 Nov 2020, 7:28 PM

KUALA LUMPUR: AirAsia Group Bhd's 33 per cent-owned associate company in Japan, AirAsia Japan Co Ltd (AAJ), today filed for bankruptcy.
"(This was) due to insolvency resulting from a demand slump in travel induced by lockdown restrictions related to the coronavirus pandemic," the airline said in a filing with Bursa Malaysia today.
AirAsia Group holds the interest in AAJ via its shareholding in AirAsia Investment Ltd.
On Oct 5, the group announced that its board of directors had decided to cease AAJ's operations with immediate effect to reduce its cash burn amid the highly challenging operating conditions in Japan which have been aggravated by the Covid-19 pandemic. 
 - Bernama
Share this

Related Stocks

Chart Stock Name Last Change Volume 
AIRASIA 0.725 0.00 (0.00%) 9,664,400 

  Be the first to like this.
DickyMe Wonderful news!
18/11/2020 5:39 PM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
Earn MQ Points while trading with MQ Traders Group
MQ Affiliate
Earn side income from MQ Affiliate Program

551  376  631  906 

Top 10 Active Counters
 AT 0.200.00 
 SAPNRG 0.12+0.005 
 KANGER 0.1850.00 
 VIVOCOM 1.14+0.13 
 BINTAI 0.83+0.035 
 KNM 0.205+0.005 
 BIOHLDG 0.32+0.005 
 TNLOGIS 0.87+0.105 
 TDM 0.29+0.025 
 SANICHI 0.06-0.005 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!