Posted by freddiehero > 2020-10-10 17:57 | Report Abuse

yes.. waiting super apps coming launching..

Posted by ykyew11 > 2020-10-10 20:17 | Report Abuse

PGOne that article is referring to Malaysia Airlines, not AirAsia.

Posted by salman > 2020-10-10 20:52 | Report Abuse

PGOne (Pure Goreng One) go n read it first...n dont confuse people

Posted by slient > 2020-10-10 21:02 | Report Abuse

Retrenchment again and again

Posted by LohNewbie > 2020-10-10 22:28 | Report Abuse

There are many people who like to spread rumour, speculates and hoping for a worse outcome as their character is the negativity as their way of life. Keep a distance from these people and stay away from them. They are poisonous and bring only negative energy. Ignore them

Posted by freddiehero > 2020-10-10 23:38 | Report Abuse

how come negetive with positive? so how is positive, stay above 3.0 u mean ?

Posted by freddiehero > 2020-10-10 23:39 | Report Abuse

u mean trap ppl in high price above 3.0 is a positive?

Posted by freddiehero > 2020-10-10 23:40 | Report Abuse

then y our big boss kwap sold? they not positive?

Posted by freddiehero > 2020-10-10 23:41 | Report Abuse

buy now mean positive and sold off mean negetive?

Posted by freddiehero > 2020-10-10 23:42 | Report Abuse

save pocket money is negetiv? loss money mean positive?

Posted by freddiehero > 2020-10-10 23:42 | Report Abuse

teach ppl loss money is positive?

Posted by newbie4444 > 2020-10-11 07:07 | Report Abuse

60 sen cheap? Why TF not buying more from 90 sen dividend not long ago sifus can answer?

Posted by Michael Dreamun > 2020-10-11 07:12 | Report Abuse

Worst yet to come!

Posted by newbie4444 > 2020-10-11 07:12 | Report Abuse

If AA biz recover why latest retrenchment news?

Posted by Axe888 > 2020-10-11 09:14 | Report Abuse

TP 0.40 is possible.

Posted by Jeffreyteck > 2020-10-11 09:18 | Report Abuse

How fast a seriously injured person can recover? Same go to company, especially the captain is no longer young and energetic like those days.
ST trading play on news eg shut down of mas if gov finally decided not to rescue which is quite unlikely based on past history and national pride (??). MT dim.

Posted by i3lurker > 2020-10-11 09:56 | Report Abuse

should just sell off the data and get back USD1 billion

USD1 billion in hand is better than invisible money in bush

Posted by i3lurker > 2020-10-11 10:13 | Report Abuse

stony is too greedy

keeping the data is no guarantee can get USD100 Billion out of it

already got offer USD1 billion should just grab it and run.....

Posted by i3lurker > 2020-10-11 10:34 | Report Abuse

USD1 Billion is a fair price for few hundred million global data of people traveling in Air Asia now in times of covid.

Data can get higher price in good times is beside the point.

Posted by aliyusof > 2020-10-11 11:18 | Report Abuse

Survival or backruptcy of Airasia depends precisely on how fast people are willing or dare to travel by air again just like pre pandemic. Very optimistically in 6 months, realistically 8 to 12 months, pessimistically 12 to 18 months? Depends on when right vaccines are clinically and mass commercially available or when covid 19 just slowly disappear like what crazy Trump said? Meanwhile, Airasia will continue to experience cash burn out and will bleed to death unless massive blood (cash) transfusion is done quickly (see no light at the end of tunnel at tge moment). Cross road now, cut loss, buy back low later or exit totally or hold hope for the best? Kepala pening

Posted by Jeffreyteck > 2020-10-11 12:44 | Report Abuse

I doubt data can use by other countries due to privacy issue and could be a serious issues, that is more for goreng.

Posted by aliyusof > 2020-10-11 15:40 | Report Abuse

Jeffrey, ya lah, data of customers or suppliers, doubtful these can sold or used by AA for profit. Just like CEO of Green Packet goreng so many investment news in mass media but his shares seems not moving up at all.

Posted by JayC88 > 2020-10-11 16:18 | Report Abuse

good time to escape for those who are stuck

Posted by aliyusof > 2020-10-11 16:22 | Report Abuse

Stuck in the mud up to the neck already.

Posted by DannyArcher > 2020-10-11 16:29 | Report Abuse

who is AA's banker?

Posted by cockroach > 2020-10-11 16:50 | Report Abuse

l.O5 coming soon.....

Posted by tamp0i > 2020-10-11 22:07 | Report Abuse

I actually got a good proposition. AirAsia Logistics. Convert all your plane to be Taobao/Alibaba's forwarder and shipping partner. At least there's something to salvage...

Posted by ocpd > 2020-10-12 06:23 | Report Abuse

Or TF should just sell his korean wife to chow kit, sure will have long queue

Posted by Azam Sahlan > 2020-10-12 08:30 | Report Abuse

will it go 30c today or just 50c?

Posted by salman > 2020-10-12 08:52 | Report Abuse

good idea tamp0i

Posted by Alfonso > 2020-10-12 09:18 | Report Abuse

Adulhai.....really hardest hit lah Air Asia, how to recover? no way unless sell charkuih

Posted by Jeffreyteck > 2020-10-12 09:20 | Report Abuse

With 60 sen, plenty of alternatives. Of course like to see AA to survive so that still can fly.

Posted by tkl88 > 2020-10-12 09:26 | Report Abuse

Added more at history record lowest @0.59

Posted by Cyrogx6 > 2020-10-12 09:31 | Report Abuse

20 cents where ? haha

Posted by strattegist > 2020-10-12 10:09 | Report Abuse

red

Posted by Good123 > 2020-10-12 10:35 | Report Abuse

AirAsia and AirAsia X have confirmed the retrenchment of 10% of their 24,000 employees last week.

Posted by Good123 > 2020-10-12 10:36 | Report Abuse

covid, travel related takda harga BENGALURU: Air Canada has slashed its price to buy Canadian tour operator Transat AT Inc, with the deal now worth about C$188.7mil (US$143.86mil).

This is down from C$720mil, as Covid-19 weighs on travel demand, the companies said in a statement on Saturday.

The country’s largest carrier had secured Transat shareholders’ approval for the deal last year with an C$18.00 a share bid, to bolster its then thriving leisure business.

But with the pandemic grounding flights globally, Air Canada faced shareholder pressure to renegotiate the deal which is still pending approval from European and Canadian regulators, Reuters reported in May.

Montreal-based Air Canada, like many of its global peers, has slashed flights, suspended financial forecasts and sought government aid as the industry deals with its worst slump.

Companies have been cancelling deals amid Covid-19 uncertainty, with aircraft parts suppliers Hexcel Corp and Woodward Inc abandoning their planned US$6.4bil all-stock merger in April.

Under revised terms of the deal, Air Canada said it will acquire all shares of Transat for C$5 per share, representing a premium of about 30.5% to Transat’s last close on Friday.

“Air Canada intends to complete its acquisition of Transat, at a reduced price and on modified terms, ” said Calin Rovinescu, the carrier’s chief executive officer, in a statement.

“Consummating the initial deal at US$18.00 was not an option that was viable given the full set of circumstances the corporation is facing, ” Jean-Yves Leblanc, chair of the special committee of the board of Transat said in a statement.

As part of the deal, Transat has also secured a new C$250mil short-term loan facility, Transat said.

Transat earlier had said that it expects to permanently lay off at least 2,000 Canadian employees after revenues fell 99% last quarter, when the travel company operated flights for just one week. — Reuters

Posted by oskchoon > 2020-10-12 10:57 | Report Abuse

It is better to cut loss and buy back when there is a white Knight or Mr. Tony and Kamaruddin willing to use their billion dividend money to salvage AA and AAX...

Posted by oskchoon > 2020-10-12 11:01 | Report Abuse

What I am afraid is they are enjoying the big salary earned as a CEO and Chairman of AA and AAX, after all they are one of the richest man in Asia and enjoying their luxury lifestyle and let the employees dies slowly...

Posted by Good123 > 2020-10-12 11:03 | Report Abuse

SINGAPORE/PARIS (Oct 10): A group of leasing companies has rejected a restructuring plan put forward by Malaysia Airlines, bringing the state carrier closer to a showdown over its future.

Lessors claiming to represent 70% of the airplanes and engines leased to the airline group have called the plan "inappropriate and fatally flawed" and pledged to challenge it, according to people familiar with the matter and a letter from a London law firm seen by Reuters.

Posted by Good123 > 2020-10-12 11:22 | Report Abuse

AirAsia had dished out dividends of more than RM5bil to shareholders in 2018 and 2019.

Posted by Good123 > 2020-10-12 11:23 | Report Abuse

If anybody thought that MAS had big problems, they were wrong – AirAsia Group Bhd and its associates have bigger problems. It has already shut down its Japan operations and there is speculation about the fate of its operations in India, Thailand, Indonesia and the Philippines.

Adding spice is the development in AirAsia X Bhd (AAX), an associate of AirAsia, which this week announced a restructuring of an estimated RM63.5bil of debts. It wants creditors to extinguish the debt and in return accept an “I owe you” note of RM200mil.

The bulk of AAX’s debt is actually in the form of capital commitments such as future lease rentals and purchase of aircraft. AAX has penalties to fulfil from the termination of contracts or being unable to take delivery of aircraft as per schedule.

Based on its latest quarterly results, AAX’s long and short-term liabilities together with the leasing and maintenance charges are less than RM9bil. Effectively, the rest of the RM63.5bil debt are commitments to plane manufacturers and lessors.

AAX is not alone in this predicament. Most airlines are reeling from the collapse in air travel and a huge cash burn due to commitments towards aircraft manufacturers and leasing companies.

Many have gone back to their governments seeking financial assistance. From the US to the Middle East and Singapore, governments have stepped in to help airlines. Emirates Air received US$1.2bil in April and is seeking more funds from the government.

Posted by strattegist > 2020-10-12 11:47 | Report Abuse

weak

Posted by SmallFishyy > 2020-10-12 11:50 | Report Abuse

Wahh drop below 0.60c liao

Posted by apple168 > 2020-10-12 11:57 | Report Abuse

We foresee corporate restructuring plan soon which may include a reduction of 90% of the share capital and 20 shares to 1 share + free warrants... let’s see...

Posted by Azam Sahlan > 2020-10-12 12:23 | Report Abuse

very strong support at 59c at the moment

Posted by Donator > 2020-10-12 12:29 | Report Abuse

salute to who that still buy airasia...

Posted by sampooler > 2020-10-12 12:51 | Report Abuse

amazing 1, this morning bought a watch with 90% less from www.airaisa.com/shop
amazing 2, i managed to receive it within 3 hours.

Posted by sampooler > 2020-10-12 12:57 | Report Abuse

@Good123, MAS less debt because gomen used tax payers money to settle their debt before that for many many years... i am sure it is not a NEW News right..

Posted by sampooler > 2020-10-12 13:15 | Report Abuse

https://www.sinchew.com.my/content/content_2357862.html

马印航空将裁员近70% 2200员工恐失业