Contagion already setting in another property company sinic drop 87%, bond price spiking causing all property company cost of borrowing increase, the domino effect may already started. Iron ore price also collapse because construction are expected to stall
Airbus reaches deal to restructure AirAsia jet order - Good Articles to Share | I3investor
Airbus reaches deal to restructure AirAsia jet order Author: Tan KW Publish date: Sat, 18 Sep 2021, 8:27 AM
PARIS: Airbus has agreed to cut prices or reschedule delivery for hundreds of jets ordered by Malaysia's AirAsia to salvage a contract worth tens of billions of dollars with its largest Asian customer, industry sources said on Friday.
The restructuring deal resets relations between two of the industry's closest partners, torn apart by the financial impact of the coronavirus crisis, and lifts uncertainty over the fate of up to 400 A320-family single-aisle jets yet to be delivered.
Airbus declined comment, while AirAsia did not immediately reply to a request for comment.
The AirAsia deal does not involve cancelling jets on order but includes a new delivery schedule and price cuts or other improvements in terms, the sources said.
AirAsia said last year it would stop taking deliveries of all Airbus jets and review remaining orders.
Industry sources said it had also stopped sending progress payments to Airbus, prompting the planemaker to suspend plans to produce jets on order pending the new restructuring deal.
The deal comes as other airlines in Asia that have ordered hundreds of jets to secure their growth are in the midst of restructuring or are expected to press for relief.
Other suppliers are also expected to come under pressure to negotiate new conditions, one of the sources said.
Meanwhile, in related news, the financial services provider CGS-CIMB has pointed out the need for AirAsia Group to shore up the funds of its shareholders if it wants to avoid being delisted on Bursa Malaysia. The group is vulnerable to falling into the stock exchange’s Practice Note 17 (PN17) category, which relates to companies that are in financial distress, by January 2022, the Singapore-based financial services firm said.
Companies that fall within the definition of PN17 need to submit to the authority a proposal to restructure and revive the company in order to maintain listing status.
“Companies like AirAsia, where its auditor has expressed ‘material uncertainty’ regarding going concern in its audit opinion for FY20, will need to demonstrate shareholders’ positive funds of at least half of its paid-up share capital in order to avoid being classified as PN17,” CGS-CIMB said, adding that this means AirAsia Group has about five months to address its shortfall in its shareholders’ funds of just over MYR6.65 billion ringgit (USD1.59 billion).
Meanwhile, in related news, the financial services provider CGS-CIMB has pointed out the need for AirAsia Group to shore up the funds of its shareholders if it wants to avoid being delisted on Bursa Malaysia. The group is vulnerable to falling into the stock exchange’s Practice Note 17 (PN17) category, which relates to companies that are in financial distress, by January 2022, the Singapore-based financial services firm said.
Companies that fall within the definition of PN17 need to submit to the authority a proposal to restructure and revive the company in order to maintain listing status.
“Companies like AirAsia, where its auditor has expressed ‘material uncertainty’ regarding going concern in its audit opinion for FY20, will need to demonstrate shareholders’ positive funds of at least half of its paid-up share capital in order to avoid being classified as PN17,” CGS-CIMB said, adding that this means AirAsia Group has about five months to address its shortfall in its shareholders’ funds of just over MYR6.65 billion ringgit (USD1.59 billion).
Posted by PSAi3alert > Sep 21, 2021 12:48 PM | Report Abuse Use a time machine. I jumped to last week and bought Opcom. I also jumped to next year and saw Genting's price...
Did you saw the AA price?
Don't be like calvintaneng saw the Netx price but did not know the price is after 25 to 1 consolidation.
Posted by PSAi3alert > Sep 21, 2021 12:48 PM | Report Abuse Use a time machine. I jumped to last week and bought Opcom. I also jumped to next year and saw Genting's price...
Did you saw the AA price?
Don't be like calvintaneng saw the Netx price but did not know the price is after 25 to 1 consolidation.
I think U have Alzheimer, Calvintaneneg was the one that hard sell Netx for 1 whole yr in 2020 until it was consolidated 25:1 still ask ppl to buy n subscript for RI.
Posted by PSAi3alert > Sep 21, 2021 12:48 PM | Report Abuse Use a time machine. I jumped to last week and bought Opcom. I also jumped to next year and saw Genting's price...
Did you saw the AA price?
Don't be like calvintaneng saw the Netx price but did not know the price is after 25 to 1 consolidation.
Short distance is via personal flying machine and EVs.
The price for red hot stewardess uniform kept increasing over the years. Rumors have it some guy has cornered the market for those used uniforms.
Sslee Posted by PSAi3alert > Sep 21, 2021 12:48 PM Use a time machine. I jumped to last week and bought Opcom. I also jumped to next year and saw Genting's price...
Did you saw the AA price?
Don't be like calvintaneng saw the Netx price but did not know the price is after 25 to 1 consolidation. 21/09/2021 5:02 PM
Short distance is via personal flying machine and EVs.
The price for red hot stewardess uniform kept increasing over the years. Rumors have it some guy has cornered the market for those used uniforms.
Sslee Posted by PSAi3alert > Sep 21, 2021 12:48 PM Use a time machine. I jumped to last week and bought Opcom. I also jumped to next year and saw Genting's price...
Did you saw the AA price?
Don't be like calvintaneng saw the Netx price but did not know the price is after 25 to 1 consolidation. 21/09/2021 5:02 PM
I don't object to promotion, but object to Calvint spreading rumours to hard sell. Netx has share consolidation n RI, many have already lost almost naked, to further sing down to kill off the last ct they have is very cruel.
stockraider with many of his fake a/c like whittleblower99 n others is attacking all those that had already share consolidation n RI, by lying with poison pen that they are going to PP n esos n share consolidation again.
A lot of newbies seen that message will simply throw like no tmr, n then he n his gang will collect to push up again n sell down. He is now taking over liar Ular/dragonslayer's place to cause blood shake in Bursa.
Calvintan still working hard selling Netx. Why Pastor Calvintan still hard sell Netx? Very pity, Pastor Calvintan also jadi Operator of Netx? Misteri Sporean?
I don't object to promotion, but object to Calvint spreading rumours to hard sell. Netx has share consolidation n RI, many have already lost almost naked, to further sing down to kill off the last ct they have is very cruel.
stockraider with many of his fake a/c like whittleblower99 n others is attacking all those that had already share consolidation n RI, by lying with poison pen that they are going to PP n esos n share consolidation again.
A lot of newbies seen that message will simply throw like no tmr, n then he n his gang will collect to push up again n sell down. He is now taking over liar Ular/dragonslayer's place to cause blood shake in Bursa.
I don't object to promotion, but object to Calvint spreading rumours to hard sell. Netx has share consolidation n RI, many have already lost almost naked, to further sing down to kill off the last ct they have is very cruel.
stockraider with many of his fake a/c like whittleblower99 n others is attacking all those that had already share consolidation n RI, by lying with poison pen that they are going to PP n esos n share consolidation again.
A lot of newbies seen that message will simply throw like no tmr, n then he n his gang will collect to push up again n sell down. He is now taking over liar Ular/dragonslayer's place to cause blood shake in Bursa.
Public bank analyst was giving 0.19 c TP. Now giving 86 cents. Really smelly fellows. Never trust what bank analyst and con yy say. Lucky me I didnt sell when they gave 0.19 cent TP.
Airasia was in deep,deep trouble when customers asked for refund.Wonder how the ceo can afford tesla with company debt reaching 4.1 billion. This is another company that cant be trusted. Many conman everywhere.
Tony rented the tesla, is not buying. So i think we should forgive him. Examples like why poor / less income people willing to save few months salary to buy sports shoes, iPhone / bug (for girl) We should understand tony la, rent only ma not buying.
For the debt money is an issues, i agree. But do you remember AA is start from debt,? so why need to be afraid on debt? Moreover the debt is due to more on covid. So after one day when coid ended, AA will be stronger.
The only thing I disappointed is the few years ago dividend (0.9) , too much and should use on debit or Expand your business (the gojek and AA ride... ) .
Haha TF bought AA from DRB Hicom for RM 1.00 which carried debt of USD 10 million. This time round he will offer to buy out AA at RM 4.50 which happen to have negative equity of RM??? Billion. History repeat itself again.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
i3lurker
13,695 posts
Posted by i3lurker > 2021-09-20 21:59 | Report Abuse
the solution is for China to import 100 million Bangla follow Malaysia example
Posted by newbie1111 > Sep 20, 2021 9:53 PM | Report Abuse
Contagion already setting in another property company sinic drop 87%, bond price spiking causing all property company cost of borrowing increase, the domino effect may already started. Iron ore price also collapse because construction are expected to stall