Posted by SinGor > 2024-01-10 16:46 | Report Abuse

Tony strategy is to save Cap-A but delist aax. At least One Co. will be listed. If aax gets delisted, Tony will
loose 30% of AA investment. The Big But is there is Nothing in AA ( He has stripped all the Cash from AA
by giving Himself a Big Dividend a few years Back )----In the End, Tony is still a millionarie but Not a billionarie

Posted by SittingOnMyArse > 2024-01-10 17:38 | Report Abuse

Theedge

Posted by Mabel > 2024-01-10 19:47 | Report Abuse

#geary CapitalA Weekly Pivot Point Momentum!

Roughly #7.2% weekly capital return...if u buy at S1...0.79...sell at R1: 0.85.!?
Dis: Trade at your own Risk!
10/01/2024 2:30 PM

“*In The Midst of Chaos, There Is Also Opportunity” – General Sun Tzu*

Indeed geary and thanks for this lovely message.

Today is a good catch for Mabel, the Fisherman. KLCI is down by 12 points. This world is not for the faint of heart. But the opportunity available is far too great to let a little bit of anxiety get in the way. So what should we do? The best thing, like in all aspects of life, is to create a plan. Warren Buffett thinks, technical analysis can be a great way to enter and exit your trades.

Like everything we do in life, it’s all in how it is executed. Even the famed tool of the value investor, the discounted cash flow method, is useless if used incorrectly. The hard part is that we never know one key, crucial component when investing: the future. That’s why knowing how to use technical analysis is important. It helps you understand what may be about to happen based on patterns of the past.

That way you can be well prepared. Summing up of CapitalA:
S2: 0.74.
S1: 0.79.
PIVOT: 0.82.
R1: 0.85.
R2: 0.89.
Roughly #7.2% weekly capital return...if you just want to trade instead of investing.

Captain Mabel Meow

Posted by Surewinbig > 2024-01-10 20:30 | Report Abuse

Sell the making losses segment to aax is a good strategy. Sold all airplane to aax can get many cash flow. Tony is going to capital reduction and return dividend to shareholders. 1 airplane sale 1 billion can declare Rm1 dividend to shareholders.

Posted by geary > 2024-01-10 20:38 | Report Abuse

Mabel:
That way you can be well prepared. Summing up of CapitalA:
S2: 0.74.
S1: 0.79.
PIVOT: 0.82.
R1: 0.85.
R2: 0.89.
Roughly #7.2% weekly capital return...if you just want to trade instead of investing.
Captain Mabel Meow!
Simple advice...don't predict the price movements...u must react accordingly...cut-loss/cut-win... percentage trading processes.🙏

Posted by Mabel > 2024-01-10 20:50 | Report Abuse

Yes geary, Fishergal should not try to forecast the future price movements of the assets they trade, but rather react to the actual price changes as they occur.

Whenever it matters cut-loss and cut-win accordingly, before the price moves further against or in favor of you. These are risk management techniques that can help you to limit their losses and lock in your profits.

Percentage trading processes are methods that use a fixed percentage of the account balance or the current trade value to determine the position size, the stop-loss level, or the take-profit level. These are also risk management techniques that help traders to control their exposure and optimize their returns.

Summing up, like our Tony, the Magician, Fishergal should also be flexible and adaptive to the market conditions, and use appropriate risk management techniques to protect their capital and maximize their gains.

To Our Success !

Meow

Posted by pangolin > 2024-01-10 23:02 | Report Abuse

put in a small fund for testing water , let see how tereerrr airasia can fly

Posted by Mabel > 2024-01-11 07:26 | Report Abuse

SIA has more than 20 subsidiaries that provide various aviation-related services, such as ground handling, catering, maintenance, repair, overhaul, cargo, and low-cost flights. SIA, or Singapore Airlines, is the parent company of SATS and SIA Engineering, which are both listed on the Singapore Exchange

1. SIA owns 40.8% of SATS, which provides ground handling and catering services to airlines and airports.
2. SIA owns 77.4% of SIA Engineering, which provides maintenance, repair, and overhaul services to aircraft.

SIA also owns 100% of Budget Aviation Holdings, which operates Scoot, a low-cost subsidiary of Singapore Airlines. Scoot has a fleet of widebody Boeing 787 Dreamliners, single-aisle aircraft from the Airbus A320 family, and plans to add the Embraer E190-E2 in 2024.

Meanwhile Capital A has more than 10 subsidiaries that provide various aviation-related and non-aviation-related services. Capital A is a holding company that owns various businesses related to aviation, logistics, food and beverage, digital services, and engineering. It plans to sell its airline businesses to AirAsia X, a sister company that operates mid-haul flights, to streamline the group and unlock greater value for shareholders. The shareholders of Capital A are expected to continue to hold shares in the aviation segment via AAX.

Capital A’s non-aviation businesses include Teleport, which has its own freighter fleets and joint ventures with other cargo airlines; Santan, which operates restaurants and catering services; AirAsia Move, which offers digital services such as BigPay, a remittance and debit card service; and ADE, which provides aircraft maintenance, repair, and operations services.

Yesterday all the 3 Singaporean SGX Princess continue to climb while the 2 Malaysian Prince retrace. KLCI retrace by 12 points yesterday.

Captain Mabel Meow

Posted by Mabel > 2024-01-11 07:39 | Report Abuse

Meanwhile, Kenanga Research, which has a “market perform” call on Capital A, has maintained its earnings forecast with a target price of 84 sen for the group.

“Essentially, the exercise is expected to result in greater clarity of investment between Capital A, being the aviation services and digital businesses provider; and AAX, a pure aviation business consolidating both long and short-haul routes under the AirAsia brand name.

This would result in the development of a more focused shareholder base, which is also expected to facilitate a business-centric valuation of the separate entities and potentially unlock value to shareholders.

“Once the sale is completed, Capital A will focus on four businesses, namely, Teleport, Santan, BigPay and Asia Digital Engineering Sdn Bhd,” the research house said.

In November 2023, Capital A proposed the listing of a unit, which is the licensee of the AirAsia brand, via a special-purpose acquisition company on Nasdaq at US$1bil (RM4.77bil) valuation.

Kenanga Research said based on its financial year 2024 net profit of RM250mil for Capital A’s airlines business and applying low-cost carriers’ peer one-year forward price earnings ratio of between seven times and 14 times, the indicative valuation works out to between RM1.8bil and RM3.5bil.

Based on an indicative valuation of RM3.5bil, its sum-of-parts target price is expected to be raised by 28% from 84 sen per share to RM1.08 per share. The research house said there could be potential earnings leakages or losses to the group from revenue and profit contribution following the sale of its airlines business to AAX.

https://www.thestar.com.my/business/business-news/2024/01/10/capital-as-sale-of-airline-business-to-aax-a-positive

Posted by Surewinbig > 2024-01-11 07:47 | Report Abuse

Sales all airplane to aax confirm get many cash flow. Capital a become more richest Tony going to declare Rm1 dividend to shareholders.

Posted by Sslee > 2024-01-11 08:01 | Report Abuse

Previously capA already sold all the planes under wholly owned lessor company to outsider lessors to pay fat divided to shareholders.

Now capA do not have any planes and planes lease payment to lessors is now RM700 million per quarter and increasing.

By the way AAX do not have money and can't borrow big money thus the deal if materialised will be all shares deal. Pay in AAX share in lieu of cash payment.

Posted by StartOfTheBull > 2024-01-11 08:02 | Report Abuse

LOL


Surewinbig

21 posts

Posted by Surewinbig > 12 minutes ago | Report Abuse

Sales all airplane to aax confirm get many cash flow. Capital a become more richest Tony going to declare Rm1 dividend to shareholders.

Posted by Mabel > 2024-01-11 08:05 | Report Abuse

If PMX is not careful, Mabel Airlines could transform back into MSA. Malaysia–Singapore Airlines (abbreviation: MSA) was the flag carrier of Malaysia and Singapore. It came into being in 1966 because of a joint ownership of the airline by the governments of the two countries. It was headquartered at Raffles Place in Singapore.

The airline ceased operations after six years in 1972 when both governments decided to set up their own national airlines, Malaysian Airline System (MAS) and Singapore Airlines (SIA).

Malaysia and Singapore are Truly Asia with Mabel Airlines Clear Blue in 2024. With 3 International Awards, it’s 150%% Success Rate for Mabel Airlines to help everyone to fly...

• Malaysia AirAsia continued success being named the World's Best Low-Cost Airline in 2023
• Singapore Airlines continued success being named the World's Best Airline in 2023
• Singapore's Scoot taking the top title as the World’s Best Long Haul Low-Cost Airline in 2023

To Our Success !

Captain Mabel Meow

Posted by Surewinbig > 2024-01-11 08:07 | Report Abuse

If like that every quarter can save 700m. The cost is transfer to aax. Meaning capital a become profitable company. Good news no more pn17

Posted by Mabel > 2024-01-11 08:20 | Report Abuse

https://www.youtube.com/watch?v=beB249dZFlQ

Welcome to World Class..

Because while first class is something you can buy, world class is everything we do.

*Welcome to Mabel Airlines*

Posted by Sslee > 2024-01-11 08:29 | Report Abuse

Yes not just save 700m lease payment every quarter but also all the debts and liabilities inside capA aviation will be transferred to AAX.

And also can charge AAX for AA Brand royalty fees.

Posted by Mabel > 2024-01-11 08:32 | Report Abuse

#Surewinbig If like that every quarter can save 700m. The cost is transfer to aax. Meaning capital a become profitable company. Good news no more pn17
11/01/2024 8:07 AM

#Surewinbig Sales all airplane to aax confirm get many cash flow. Capital a become more richest Tony going to declare Rm1 dividend to shareholders.
11/01/2024 7:47 AM

Surewinbig will Surely Win Big! just like Precovid times..

To Our Success!

Captain Mabel Meow

Posted by Surewinbig > 2024-01-11 08:38 | Report Abuse

Thanks sslee your info I will buy more because capital a can earn brand name fee every quater and transfer all cost to aax confirm profit. That's a good business

Posted by Sslee > 2024-01-11 08:41 | Report Abuse

The only problem about the deal is will AAX take the bait hook line and sinker?

Posted by Sslee > 2024-01-11 09:27 | Report Abuse

Kenanga Research said based on its financial year 2024 net profit of RM250mil for Capital A’s airlines business and applying low-cost carriers’ peer one-year forward price earnings ratio of between seven times and 14 times, the indicative valuation works out to between RM1.8bil and RM3.5bil.

The flaw on the above valuation is, it only look at forward net profit but ignored the accumulated losses or negative equity in the book.

So if forward net profit is RM 250 million per year it will take how many years to clear the debts/liabilities?

Posted by Medusa > 2024-01-11 09:30 | Report Abuse

Drop more buy more

Drop more buy more

Drop more buy more

Drop more buy more

Drop more buy more

Drop more buy more

Beh tahan sell all

Kikiki…

Posted by Surewinbig > 2024-01-11 09:43 | Report Abuse

Push down and push up? I not yet buy lower prices too late

Posted by Good123 > 2024-01-11 10:07 | Report Abuse

Buy cap A gets Aax shares pulak... Interesting proposal:) study well

Posted by Good123 > 2024-01-11 10:10 | Report Abuse

Cap A punya directors kena fair pasal harga jualan airlines biz cap A kpd AAx. Masuk jel jika ada fraud.

Jadi, fair price akan muncul kelak... Tawaran harga dari AAX dalam masa terdekat

Posted by SinGor > 2024-01-11 10:21 | Report Abuse

CapA without any Real Biz or Profit worth around 20cents or less.....Analyst donT give fair value to Rent-Seeker
Your money, think hard

Posted by Sslee > 2024-01-11 11:03 | Report Abuse

Dispose off capA aviation to AAX (a newly debts restructure paying 0.5 cents for every dollar owed, capital reduction and 10 to 1 share consolidation and a recent exist PN17 company) in order for capA to exist PN17 is like telling the whole world capA aviation is sucks and Stony failure to get super rich white knight (super rich middle east investors) to inject in new capital to capA.

Posted by 80gram > 2024-01-11 11:11 | Report Abuse

mr market obviously thinks you are right

Posted by sink or swim .. > 2024-01-11 11:13 | Report Abuse

Just a rant :

Actually , the drop reflects market sentiment about Cap A future without aviation.

But , should wait for how much AAX is offering to buy. What if 0.85 ?
All those sold will scramble to buy back !.
Also, if the selling price is low and below Stanley Choi's cost, maybe they will get AAX share worth the same ?
Its a zero sum even though it is crashing to rock bottom, because if all does not work, all proceeds from the sale will be distributed.

Anyway, Tony already told the market the about the restructuring plan. It didn't react.
What was the reason then and now ?Why react so much ?

Posted by Realrich > 2024-01-11 11:17 | Report Abuse

Die look like both aax and capital a same as Malaysia airline can't earn profit and delisted soon. People will choose Singapore airline for their transfer station instead of Air Asia. Furthermore HSR and RTS coming soon. All short distance will take train instead of take flight.

Posted by sink or swim .. > 2024-01-11 11:17 | Report Abuse

Rant:

Cap A share price should increase, the fact is , this exercise will

1. unlock potential for the remaining business in Cap A , able to get funds
2. no debts, zero debts , not a PN17 company
3. whatever aviation debts transfer to AAX
4. let AAX focus solely on aviation , Cap A on its diversification

The rule of thumb is , nobody will sell at cost or make a lost , usually the price will be bumped up

Posted by sink or swim .. > 2024-01-11 11:23 | Report Abuse

@Realrich

HSR is very costly for builder and consumers.
In China, HK to Shanghai , HK to Beijing , people still use flight .
China makes the C190 now.

Posted by Realrich > 2024-01-11 11:25 | Report Abuse

airasia aviation group limited share price is 2.08 THB convert RM only 0.28 cents. How to sale 0.85?

Posted by Good123 > 2024-01-11 11:32 | Report Abuse

Risk vs return, timing to go in? :)

ESG 2.0: commendable long term targets
During the COVID-19 pandemic, it is understandable that CAPITALA was preoccupied with surviving. Yet, our read of its FY22A sustainability report was refreshing. There is room to improve especially on its net promoter score and female representation on its BOD but we note that CAPITALA has set ambitious ESG related targets (see page 4) which exhibits its commitment to ESG initiatives. CAPITALA scores marginally above-average in our proprietary scoring methodology with an overall score of 59/100.

Posted by Good123 > 2024-01-11 11:33 | Report Abuse

Capital A Bhd, the largest low-cost carrier in Asia, is also expected to post its first full-year profit since the pandemic started. For the nine months ended Sept 30, 2023, it recorded a net profit of RM996.55 million compared with a net loss of RM2.74 billion a year earlier.

The budget carrier recently proposed the listing of a unit, which is the licensee of the AirAsia brand, via a special purpose acquisition company (SPAC), on Nasdaq in the US at a US$1 billion (RM4.77 billion) valuation. Capital A has entered into a letter of intent with Aetherium Acquisition Corp (GMFI) for the proposed business merger. In a Nov 2 report, Kenanga Research said it is positive on this corporate development by Capital A, which will form part of the proposed regularisation plan to lift the carrier out of the PN17 status. Both parties intend to complete the negotiation three months from the execution of the letter of intent.

Posted by Good123 > 2024-01-11 11:38 | Report Abuse

Save Print Back

5099 CAPITALA CAPITAL A BERHAD
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
CAPITAL A BERHAD ("CAPITAL A" OR THE "COMPANY")LETTER OF OFFER FOR THE PROPOSED
DISPOSAL BY THE COMPANY OF ITS 100% EQUITY INTEREST IN AIRASIA BERHAD, A
WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("AAB) ("PROPOSED AAB DISPOSAL") AND ITS
100% EQUITY INTEREST IN AIRASIA AVIATION GROUP LIMITED ("AAAGL"), A
WHOLLY-OWNED SUBSIDIARY OF THE COMPANY ("PROPOSED AAAGL DISPOSAL") TO AIRASIA X
BERHAD ("AAX") ("LETTER OF OFFER")
You are advised to read the entire contents of the announcement or attachment.
To read the entire contents of the announcement or attachment, please access
the Bursa website at http://www.bursamalaysia.com

08/01/2024 07:00 AM


Ref Code: 202401083000035

Posted by Mabel > 2024-01-11 11:38 | Report Abuse

SINGAPORE – Amid rising demand for air travel in the Asia-Pacific region, an aviation innovation centre has been set up in Singapore to address airspace and manpower constraints through the use of technology.

Changi Airport is likely to be a beneficiary when Terminal 5 opens in the mid-2030s, as the air hub looks to ensure that it has the necessary infrastructure and manpower to serve the growth in traffic.

https://www.straitstimes.com/singapore/transport/aviation-innovation-centre-set-up-in-s-pore-to-tackle-capacity-constraints-carbon-emissions?utm_campaign=ST_Newsletter_AM

Posted by Good123 > 2024-01-11 11:38 | Report Abuse

Capital A said the disposal of its airline business to AAX was aimed at enhancing operational efficiency and better cater to the overall market demands.

PETALING JAYA: Capital A Bhd’s move to dispose of its airline business to sister company AirAsia X Bhd (AAX) is seen as a positive development to help the former uplift itself from its Practice Note 17 status, or risk triggering a trading suspension.

However, TA Research is not turning positive on Capital A yet as the market awaits more details on the deal.

The research house, which maintained its “sell” call on the company with a target price of 85 sen, advised investors to “stay out” of Capital A’s restructuring exercise until they have clarity on the AAX share entitlement, which would depend on the price fixing of new AAX consideration shares and the final disposal considerations.

TA Research said Capital A’s shareholders are expected to continue to hold shares in the aviation segment via AAX.

According to the company announcement, Capital A is expected to record a gain on dilution of interest in AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL), as well as deconsolidation of AAB and AAAGL from Capital A as a result of the proposed disposals.

The market did not perceive the exercise in a positive light, judging from the 2.96% decline in Capital A’s share price to 82 sen, while AAX fell 1.02% to RM1.94 at the close of the first trading session.

Capital A announced yesterday that the disposal of its airline business to AAX was aimed at enhancing operational efficiency and better cater to the overall market demands.

Chief executive officer Tan Sri Tony Fernandes said the move was part of a comprehensive consolidation plan to transfer all short-haul businesses in Malaysia, Thailand, Indonesia, the Philippines and Cambodia to its mid-haul budget carrier AAX.

The disposal consideration is expected to be satisfied by a combination of cash and issuance of new shares of AAX. A detailed announcement on the proposed disposal will be made upon the signing of a definitive agreement.

Meanwhile, Kenanga Research, which has a “market perform” call on Capital A, has maintained its earnings forecast with a target price of 84 sen for the group.

“Essentially, the exercise is expected to result in greater clarity of investment between Capital A, being the aviation services and digital businesses provider; and AAX, a pure aviation business consolidating both long and short-haul routes under the AirAsia brand name.

This would result in the development of a more focused shareholder base, which is also expected to facilitate a business-centric valuation of the separate entities and potentially unlock value to shareholders.

“Once the sale is completed, Capital A will focus on four businesses, namely, Teleport, Santan, BigPay and Asia Digital Engineering Sdn Bhd,” the research house said.

In November 2023, Capital A proposed the listing of a unit, which is the licensee of the AirAsia brand, via a special-purpose acquisition company on Nasdaq at US$1bil (RM4.77bil) valuation.

Kenanga Research said based on its financial year 2024 net profit of RM250mil for Capital A’s airlines business and applying low-cost carriers’ peer one-year forward price earnings ratio of between seven times and 14 times, the indicative valuation works out to between RM1.8bil and RM3.5bil.

Based on an indicative valuation of RM3.5bil, its sum-of-parts target price is expected to be raised by 28% from 84 sen per share to RM1.08 per share. The research house said there could be potential earnings leakages or losses to the group from revenue and profit contribution following the sale of its airlines business to AAX.

Posted by Realrich > 2024-01-11 11:40 | Report Abuse

But now already want to sale to aax so airline business should be exclude. If left the remain digital business the capital a is only worth 0.20 cent without airline business

Posted by Mabel > 2024-01-11 11:43 | Report Abuse

Capital A’s shareholders are expected to continue to hold shares in the aviation segment via AAX.

Posted by Realrich > 2024-01-11 11:45 | Report Abuse

Mabela you think aax can give dividend to capital a? If aviation segment can earn profit capital a last quarter will not made losses already

Posted by Good123 > 2024-01-11 11:50 | Report Abuse

KUALA LUMPUR (Jan 9): Capital A Bhd's plan to sell its aviation business to its sister company AirAsia X Bhd (AAX) is seen as positive by analysts, despite a lack of details on the deal currently, as the disposal will pave the way for the group to exit its Practice Note (PN17) status.

Capital A on Monday announced that it will dispose of its aviation businesses, namely AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAGL), to AAX, with the consideration to be negotiated at a later date, in both cash and/or shares.

The deal, which is part of the group’s consolidation plan, would involve Capital A divesting all of its short-haul airline businesses in Malaysia, Thailand, Indonesia, and the Philippines to AAX, which currently operates only mid-haul flights.

“From the risk perspective, we are positive as we deem the disposals are necessary to uplift Capital A from its PN17 status or risk triggering a trading suspension,” said TA Securities in a note on Tuesday (Jan 9).

TA Securities noted that Capital A’s shareholders will continue to hold shares in the aviation segment via AAX as Capital A is expected to record a gain on dilution of interest in AAB and AAGL, as well as the deconsolidation of these two entities from Capital A as a result of the proposed disposals.


“Thereby [it] is expected to improve the shareholders’ equity of the group in its effort to regularise its financial conditions,” it said.

The research house maintained Capital A’s earnings projections and financial standing, pending the signing of a definite agreement and negotiations on the disposal considerations.

“We advise investors to stay out of Capital A’s restructuring exercise until more clarity on the AAX share entitlement [emerges], which would depend on the price-fixing of new AAX consideration shares and the final disposal considerations,” it added.

The definite agreement is subject to shareholders approving the proposed disposals and other corporate exercises, such as a potential distribution-in-specie of part of the consideration shares to Capital A's shareholders, among others, said TA Securities.


Capital A may experience potential earnings leakage from airline biz sale
Meanwhile, Kenanga Research, which also maintained its forecast on Capital A, said the disposal is expected to result in greater clarity of investment between Capital A — being the aviation services and digital businesses provider — and AAX, a pure aviation business consolidating both long- and short-haul routes under the AirAsia brand name.

“This would result in the development of a more focused shareholder base, which is also expected to facilitate a business-centric valuation of the separate entities and potentially unlock value for shareholders. Once the sale is completed, Capital A will focus on four businesses, namely Teleport, Santan, BigPay, and Asia Digital Engineering Sdn Bhd," it said.

However, Kenanga opined that there could be potential earnings leakage or losses to Capital A from revenue and profit contributions following the sale of its airline business to AAX.


While being mindful of Capital A's PN17 status, the research house said it continues to like Capital A for being a beneficiary of the recovery in air travel post-pandemic, its growing digital business, leveraging its strong AirAsia brand and AirAsia’s existing client base, as well as its dynamic and visionary leadership that should help steer it out of the current financial difficulty.

At the time of writing, Capital A shares were down 2.5 sen or 2.96% at 82 sen, with a market capitalisation of RM3.49 billion. Meanwhile, AAX was one sen or 0.51% higher at RM1.97, valuing the group at RM880.73 million.

Read also:
AirAsia-AAX merger to involve Thai ops, Tony to meet Thai PM on Wednesday to address airline foreign ownership cap

Posted by Good123 > 2024-01-11 11:59 | Report Abuse

Malaysia's tourism industry is expected to surpass pre-pandemic levels for international tourist arrivals in 2024. Tourism arrivals in 2024 are expected to be higher than the 26.1 million foreign visitors seen in 2019.
Domestic tourism is also expected to grow in 2024. Affin Group expects 4.5% GDP growth for Malaysia in 2024.
The World Tourism Organization (UNWTO) predicts that local gastronomy, nature, wellness, and rural tourism experiences will be popular travel trends in 2024.

Posted by Good123 > 2024-01-11 12:04 | Report Abuse

New Straits Times
https://www.nst.com.my › 2023/11
Full recovery of Malaysia's airline passenger traffic in 2024: Transport ...
1 Nov 2023 — SEPANG: Malaysia expects a full recovery in airline passenger traffic by 2024 as the quarterly records have shown

Posted by Good123 > 2024-01-11 12:05 | Report Abuse

SEPANG: Capital A Bhd's AirAsia expects to operate all 191 of its Airbus A320 aircraft in the first quarter of 2024 as it ramps up capacity to meet the growing air travel demand.

The company's chief executive officer (CEO) Tan Sri Tony Fernandes said currently AirAsia is operating 166 aircraft while the balance are undergoing maintenance checks before being put into operations.

"1Q24 we hope to put all the planes back," he told a media briefing here today adding that AirAsia was expected to resume taking delivery of its Airbus A321 by June this year following a three-year pause due to the Covid-19 pandemic.

AirAsia had received four of the A321s in 2019.

In October 2021, Capital A announced that it had signed an amendment agreement with Airbus S.A.S, a European airplane manufacturer, to convert its remaining A320 aircraft orders to the A321 neo (new engine options).

The budget carrier has a total order of 362 of the single-aisle aircraft which can seat 236 passengers.

Fernandes also announced the appointment of AirAsia Aviation Group's two deputy CEO as the airline company embarks on its next phase of growth.

The two deputy CEOs are Datuk Captain Chester Voo who will lead the airline operations and Farouk Kamal who will be oversee corporate functions such as finance, corporate finance, aircraft leasing, legal, investor relations and strategy.

AirAsia Aviation Group group CEO Bo Lingam said the leadership appointments show a significant milestone in the airline's evolution, steering AirAsia through an era of digital transformation, innovation and sustainable growth.

"Both of their combined efforts will allow us to continue our dedicated focus on our strategic decision-making, long-term planning, and overall organisational direction for the group," he added.

Voo has nearly three decades of experience in the aviation industry, 11 of which was with AirAsia.

He was also the former CEO of Civil Aviation Authority of Malaysia from June 2020 until December 2022.

He is credited with spearheading efforts to lift Malaysia out of the Category 2 rating of the International Aviation Safety Assessment by the United States Federal Aviation Administration to Category 1 rating in 2022.

Farouk, who is formerly a board member of AirAsia X Bhd, joined AirAsia Aviation Group from Urusharta Jamaah, a government-linked investment company where he served as CEO and chief investment officer.

He also worked in investment banking with Deutsche Bank, J.P. Morgan and Credit Suisse.

Posted by Realrich > 2024-01-11 12:16 | Report Abuse

Good123 if you think airline business is good you should buy aax instead of capital a because they going to sale the airline business already

Posted by Good123 > 2024-01-11 12:17 | Report Abuse

Aax price unchanged :)

Posted by Realrich > 2024-01-11 12:24 | Report Abuse

Mf don't buy previously one day can up 10 cents now one day can drop 10 cent

Posted by Good123 > 2024-01-11 12:26 | Report Abuse

Short qty 225000.. Dah mula dah

Posted by Realrich > 2024-01-11 12:30 | Report Abuse

Good123 people not buy aax meaning people also not confident aax can earn more money maybe aax take a losses 700m per quarter for lease airplane

Posted by Sslee > 2024-01-11 12:39 | Report Abuse

geary Mabel:
That way you can be well prepared. Summing up of CapitalA:
S2: 0.74.
S1: 0.79.
PIVOT: 0.82.
R1: 0.85.
R2: 0.89.
Roughly #7.2% weekly capital return...if you just want to trade instead of investing.
Captain Mabel Meow!
Simple advice...don't predict the price movements...u must react accordingly...cut-loss/cut-win... percentage trading processes.🙏
10/01/2024 8:38 PM

Will it break the S2 cut loss support level of 0.74?