Hahahaha, You don't like the massage or the massager?
The massage is from AA financial report and the massager is Chao Yun fat! "God of gambler" but unfortunately/fortunately I already learned my lesson and don't gamble.
Trust is prime factor. This explain what happen to AA market price trust!!!. But in commercial world is trust good enough to enable Bank to loan you billion? Know what is Danajamin Prihatin Guarantee?
KUALA LUMPUR, Aug 5 ― AirAsia Group Bhd (AAGB) has gained gross proceeds of US$56.83 million (RM239 million) from the merger between Fly Leasing Ltd and Carlyle Aviation Partners.
In a statement today, the low-cost airline said it had acquired 3.33 million of Fly Leasing’s shares on August 30, 2018 as part of a cash-in-kind consideration for the earlier divestment of AAGB’s aircraft leasing operations undertaken by Asia Aviation Capital Ltd to entities managed by BBAM Ltd Partnership.
Group chief executive officer Tan Sri Tony Fernandes said the transaction was a much-welcomed boost to the group’s overall fundraising strategy, alluding to the group’s plans to raise up to RM2.5 billion through a combination of borrowing and equity raising.
“We have already raised RM336.5 million from two tranches of private placements earlier this year and continue to renegotiate leasing terms with all of our lessors.
"We have also disposed of 32.67 per cent of our interest in AirAsia India for US$37.68 million, ceased operations in Japan and sold a number of spare engines worth over US$130 million,” he said.
Fernandes added that the group has a number of fundraising initiatives in place to ensure sufficient liquidity.
“We are in the process of finalising a Danajamin Prihatin Guarantee Scheme loan, working on a data-backed loan of up to US$350 million and preparing for a rights issue of up to RM1.02 billion which is targeted for completion in December,” he said.
As lousy as the blog is written i beg you to write more please. One day after you post AA up 11.88%. Please write some more. Plenty of negatives about AA for you to write. You are our LIGHT. Come on. Do us a favour.
Can it be true that lenders are jealous of AA success that is why lenders do not want to lend money to AA. Seriously you expect lenders to bail out AA? Or do you expect lessors to bail out AA.
Note: The lease liabilities amounting to RM 12.9 billion includes deferred aircraft leases of approx RM 2.4 billion.
Posted by Thorman > Oct 4, 2021 7:16 PM | Report Abuse Well, shortfall is temporary. Trust is prime factor.
Ans: Trust Takes Years To Build, Seconds To Break And Forever To Repair.
You can search and see for yourself how many AA customers were disgusted by the way they were treated in claiming refund and cursing AA and Tony for not refunding them the cancelled fight ticket fare.
By the way I am not even bother to claim my refund, take it as my donation to help AA.
You meant to say its for Tony's medical fee and funeral expenses?
Posted by Sslee > Oct 5, 2021 7:36 AM | Report Abuse
Posted by Thorman > Oct 4, 2021 7:16 PM | Report Abuse Well, shortfall is temporary. Trust is prime factor.
Ans: Trust Takes Years To Build, Seconds To Break And Forever To Repair.
You can search and see for yourself how many AA customers were disgusted by the way they were treated in claiming refund and cursing AA and Tony for not refunding them the cancelled fight ticket fare.
By the way I am not even bother to claim my refund, take it as my donation to help AA.
I know for a fact that a lot of teachers stationed in East Malaysia or outstation travel to balik kampung. and they ONLY have enough money for 2 or max 3 trips per year through extreme savings from salary unless they use 1MDB method and get Jho Low involved.
In remote rural small villages people dun have money to pay you personal tuition fee. You have to grow your own vege and spray blood from own chicken to get money for flights.
Refused refunds to teachers are very pitiful.
/////You can search and see for yourself how many AA customers were disgusted by the way they were treated in claiming refund and cursing AA and Tony for not refunding them the cancelled fight ticket fare.///
When you already got the answer then tell us how AA going to earn his money to repay deferred lease payment and how long it need to clear all the deferred payments and debts.
Rip and condolences to all who follow this lousy blog not to buy AA. All you can do now is watch those with proper insights laugh all the way to the bank. Hahaha.
Year 2015, year 2016 and 2017 it still earning over 1 billions each year.. Years 2018 over 2 billions, you have missed the 30% of the cash of 2019 give away 90cents dividend to the shareholder at year 2019, sslee..
@Stockexpert001, Please tell me why financial year end Dec 2019 AA make a net loss of RM 315,807,000 when covid only start in year 2020?
For year 2015, 2016, 2017, 2018 what is the profit from selling flight ticket? And the extra profit come from? (Others income, aircraft lease income, gain from disposal of aircraft, gain on disposal of investment , etc)
The Proposal I will propose to Gobermen to sell Petronas to Air Asia to manage and pay Air Asia RM20 Billion per year as management fees to help manage Petronas. Hopefully my reasonable Proposal will be approved.
Rationale For The Proposal Its logical coz Air Asia burns oil rite?
Commitments Capital commitments not provided for in the financial statements are as follows: Group 2022 2021 RM’000 RM’000 Property, plant and equipment: - Approved and contracted for 102,608,980 97,163,376
The approved and contracted for capital commitments for the Group are in respect of aircraft purchase. The future commitments of aircraft purchase are as follows: Group 2022 2021 RM’000 RM’000 Later than 1 year and not later than 5 years 12,908,493 7,688,395 Later than 5 years 89,700,487 89,474,981 102,608,980 97,163,376
So AA already lost India Market, Japan Market and in Indonesia compete with local budget airline Lionair and without an AA China where AA going to employ it planes?
KUALA LUMPUR -- AirAsia's newest major shareholder Stanley Choi wants to realize CEO Tony Fernandes' long-held goal of landing the no-frills Malaysian airline in the Chinese market.
Choi now owns an 8.96% stake in AirAsia via a private placement last month. He is confident that his corporate resume that includes Hong Kong and China, where he was born, could facilitate securing the needed approvals for what could become AirAsia China.
"AirAsia has been dealing with China for a long time," the Hong Kong-based Choi told Nikkei Asia in a remote interview. "I can add value to that with my know-how and open more gateways for the company."
IndiGo, India’s largest airline by market share, has placed a record order with European manufacturer Airbus for 500 A320 Family aircraft, the company said in a statement. It is the biggest single purchase agreement in the history of commercial aviation.
This IndiGo order book comprises a mix of A320NEO, A321NEO and A321XLR aircraft. The airline will take the delivery of these aircraft between 2030 and 2035.
The agreement takes the total number of Airbus aircraft on order by IndiGo to 1,330, making it the world’s biggest A320 Family customer. Earlier this year, Tata-owned Air India placed orders for 470 aircraft from Airbus and US manufacturer Boeing.
NEW DELHI, June 20 (Reuters) - Air India has firmed up its order for 250 Airbus (AIR.PA) aircraft and 220 new Boeing (BA.N) jets worth $70 billion at list prices, the airline said in a statement on Tuesday, as it pursues a turnaround under its new owners.
The Tata-owned airline signed separate purchase agreements with the two planemakers at the Paris Airshow for the jets and some services, a day after domestic rival IndiGo (INGL.NS) agreed on Monday to buy 500 single-aisle planes from Airbus
Today AAX down the dual keris stand up and strong, ding ding chang chang........😁😁😁
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Posted by Sslee > 2021-10-04 19:06 | Report Abuse
Hahahaha,
You don't like the massage or the massager?
The massage is from AA financial report and the massager is Chao Yun fat! "God of gambler" but unfortunately/fortunately I already learned my lesson and don't gamble.
How about you?