For the first quarter ended March 31, 2024 (1Q24), AAX saw its revenue growing by 65.6% to RM908.9mil from RM548.8mil in 1Q23, driven by more ticket sales and growth in ancillary revenue
it it truw that there will be capital reduction exercise being planned? Wouldnt this result in reduction of share price accordingly.... just before a rights issue to pay more? Just asking..... :-) happy hunting
@Natsu..... from net loss to net profit is 180 degree turn..... if 360 degree turn.... means net loss to net loss.... back at same position .... heeeee LOL :-) cheers buddy
KUALA LUMPUR (July 26): AirAsia X Bhd (KL:AAX) said on Friday it will be acquiring Capital A Bhd's (KL:CAPITALA) aviation business directly, and not via a new company (NewCo) under an internal reorganisation proposed previously, to expedite the takeover.
“The decision to abort the proposed internal reorganisation and to terminate the internal reorganisation agreement was arrived at after weighing potential benefits of the proposed internal reorganisation against time required for the implementation of the proposed internal reorganisation and more critically, the importance of an expedient completion of the proposed acquisitions to the AAX Group,” AAX said in a bourse filing.
On April 25, AAX announced that it would be taking over Capital A’s aviation business — under AirAsia Bhd (AAB) and AirAsia Aviation Group Ltd (AAAGL) — through an internal reorganisation involving the setting up of a NewCo that would take over AAX's listing status. The aviation group expected the proposals to be completed by the fourth quarter of 2024.
AAX had proposed to acquire the aviation business for RM6.8 billion. It planned to issue new shares worth RM3 billion — 2.31 billion shares at RM1.30 each — to acquire AAAGL. As for AAB, AAX proposed to acquire it for RM3.8 billion, to be satisfied by assuming RM3.8 billion of some RM3.83 billion worth of debt that Capital A owed AAB.
The deal values the entire equity interest in AAAGL at between RM2.7 billion and RM3.5 billion. AAAGL owns Thai AirAsia, Philippines AirAsia, Indonesia AirAsia and AirAsia Cambodia. As for AAB, which operates AirAsia Malaysia, the deal values its equity interest at between RM3.48 billion and RM4.37 billion.
In its filing on Friday, the medium-haul low-cost carrier said the group and NewCo have mutually terminated the internal reorganisation agreement. AAX will now replace NewCo under the deal.
AAX also said it now plans to grant Singapore-based Garynma Investments Pte Ltd, the vehicle of former AAX director Datuk Lim Kian Onn, the rights to subscribe to 12% of AAX's enlarged share base, immediately upon completion of the acquisitions. This is a reduction from the 15% proposed previously.
Shares in AAX ended nine sen or 6.16% higher at RM1.55 on Friday, valuing the group at RM692.96 million. Meanwhile, Capital A closed three sen or 3.70% higher at 84 sen, giving the group a market capitalisation of RM3.62 billion.
Read also: AirAsia X to buy Capital A's aviation business for RM6.8b via share and debt deal
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Ask a sifu which one is better to buy? AAX or Capital A? He recommended AAX, he said now the jewels on the crown, AAB and AAAGL is now transffered to AAX.
AAX had proposed to acquire the aviation business for RM6.8 billion. It planned to issue new shares worth RM3 billion — 2.31 billion shares at RM1.30 each — to acquire AAAGL
So the acquisition only value AAX at RM 1.30. What will AAX price movement today?
The divestment of AirAsia Aviation Group Ltd (AAAGL) is expected to give rise to a pro forma gain of RM4.69 billion to Capital A, while the disposal of AirAsia Bhd (AAB) would result in a gain of RM6.07 billion.
The shareholder expresses concern that the deal might be a zero-sum game, where what The Group gains is AAX's losses. Specifically, AAX is expected to take on total borrowing and lease liabilities amounting to RM23,271,794,000 with gearing of 23.96 times. Could you elaborate on how these liabilities will be managed and mitigated?
AAX shareholders already agreed to take 0.5 sen aka RM0.005 for RM1.00 previously for AAX bankruptcy.
so accepting ........... will agree to take RM0.0001 for RM1.00 for next AAX bankruptcy is a no brainer. Sure 100% all will agree. ok one. Jolly Good !! Excellent !! 👍
RM100,000.00 invested in AAX gets back an a good RM10/- at least got something back right?
Malaysia Airlines been making RM Billions after adopting the Ryanair Yield Control Curve recently.
99.99% of world airlines use a customised Ryanair Yield Control Curve.
Air Asia is the ONLY airline in the world using a Reverse Ryanair Yield Control Curve. End result of being greedy weird, Air Asia never make profits moving people, always rely on selling planes. 🙄
You're wrong MyAirline oso follow AAX. The different is AAX is managed by very competent team. That's why AAX is the best airline in the world for decades. Where is Ryanair? Not even in top 20. Phewwwww. MyAirline on the other hand are managed by very incompetent team. Like a ponzi scheme.
Just for comparison purposes to see the effects of bankruptcy protocol methods. Using the Reverse Ryanair Yield Control Curve had never made any money for the following businesses:-
Food Toys Telecommunication eg handphones Computers Tourism Musang King Durians Fashion apparels. <= Many bankrupt using Reverse Ryanair Yield Control Curve.
including but not limited to:- licensed prsotitution in Amsterdam and Bangladesh.
🤣
You already have the most famous example Malaysia Airlines now making RM Billions after using Ryanair Yield Control Curve. Besides Malaysia Airlines example, international companies using Ryanair Yield Control Curve Methodology includes but not limited to Apple Iphones, Samsung, Tesla, Hewlett Packard computers, Acer, Nike, Adidas, Puma, Speedo, Hilton, Marriott, Holiday Inn, Harvey Norman, Popular Books, Jaya Jusco, Village Grocer etc etc
MAS received billions from mudunon Gov. plus they cut cost by serving cheap sandwiches as inflight meal for exhorbitently jack up ticket price. that kind of service will go nowhere. BTW have you fly Ryanair. I tried and puked. my first and the last. no wonder Ryanair didnt make it into top 20 best airlines in the world. Daaaaaaa.
AAX had proposed to acquire the aviation business for RM6.8 billion. It planned to issue new shares worth RM3 billion — 2.31 billion shares at RM1.30 each — to acquire AAAGL
2.31 billion newcAAX shares what will be the dilution effect? What are inside AAAGL? Is AAAGL profit or lose making?
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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....
AnthonyAng666
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Posted by AnthonyAng666 > 2024-05-28 09:37 | Report Abuse
For the first quarter ended March 31, 2024 (1Q24), AAX saw its revenue growing by 65.6% to RM908.9mil from RM548.8mil in 1Q23, driven by more ticket sales and growth in ancillary revenue
https://www.thestar.com.my/business/business-news/2024/05/28/aax-1q-revenue-up-656