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AirAsia Bhd (AIRA.KL)

AIRA.KL on Kuala Lumpur Stock Exchange

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Volume
18,790,100
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16,908,286
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Latest Key Developments (Source: Significant Developments)

Airasia says qtrly revenue 2.23 billion rgt versus 1.70 billion rgt
Thursday, 25 May 2017 06:16am EDT 

May 25 (Reuters) - Airasia Bhd :Qtrly revenue 2.23 billion rgt versus 1.70 billion rgt.Qtrly net profit attributable 615.8 million rgt versus 877.8 million rgt."Group is projected to achieve an average forecast load factor of 91% in the second quarter of 2017 "."Group is also planning to increase an additional 29 planes through a combination of finance and operating lease in 2017"."Board remains positive for the prospects of the group in 2017 and is optimistic that the 2017 results may surpass that of 2016"."For the remaining quarters of 2017, we remain optimistic as we continue to observe strong demand across most sectors"."In Thailand, load factor in the second quarter of 2017 is forecast to be 86% based on existing forward booking trend"."In India, the forecast load factor for the second quarter of 2017 is at 87%".  Full Article

AirAsia Bhd entered into MoU with China Everbright and Henan Government Working Group
Sunday, 14 May 2017 09:20pm EDT 

May 15 (Reuters) - Airasia Bhd ::Entered into a memorandum of understanding with China Everbright Group and Henan Government Working Group.MOU intended for the parties to confirm their interest in establishing a joint venture for a low cost airline to be known as AirAsia (China) in China.  Full Article

Airasia Bhd says unit executed share subscription agreement with Touristly
Wednesday, 19 Apr 2017 06:01am EDT 

April 19 (Reuters) - Airasia Bhd ::Airasia Investment, unit of co, executed a share subscription agreement and a shareholders agreement with Touristly Travel Sdn. Bhd.Share subscription agreement to subscribe for 50 percent of ordinary shares in Touristly.AAIL and Touristly also signed a convertible loan agreement where AAIL will be providing a convertible loan of 5 million RGT.  Full Article

Airasia Bhd incorporated a unit known as Airasia Corporate Charter Sdn Bhd
Monday, 17 Apr 2017 06:32am EDT 

April 17 (Reuters) - Airasia Bhd :Company had on 13 April 2017 incorporated a wholly-owned subsidiary company known as Airasia Corporate Charter Sdn Bhd.  Full Article

AirAsia announces final dividend, wet lease agreement with IAAX
Thursday, 6 Apr 2017 07:31am EDT 

AirAsia Bhd : Declared first and final single tier dividend of 12 sen per ordinary share for financial year ended December 31, 2016 payable in cash . Entered into wet lease agreement with PT Indonesia Airasia Extra for the lease of one (1) A330 widebody aircraft commencing from 19 April 2017 till 18 May 2017 . Agreement for contract value of USD826,077 . Deal not expected to have material effect on NTA per share, EPS and gearing of co for the financial year ending December 31, 2017 Source (http://bit.ly/2nHg3CV) (http://bit.ly/2oHqOJH) Further company coverage: [AIRA.KL] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

AirAsia says unit executed agreements to establish low-cost carrier in Vietnam
Friday, 31 Mar 2017 01:09am EDT 

Airasia Bhd : AirAsia Investment executed shareholders agreement, share subscription agreement with Gumin company, Tran Trong Kien and Hai Au Aviation . Joint venture will require capitalization of 1.0 trillion dong of which, AirAsia will contribute 30 pct .Deals to establish a low-cost carrier in Vietnam.  Full Article

Airasia updates on clarification on article appearing in The Edge Financial Daily on 28 October 2016
Wednesday, 22 Mar 2017 05:54am EDT 

Airasia Bhd - : Updates on clarification in article appearing in the edge financial daily on 28 october 2016 . Co has been recommended to lodge a police report on the findings of the investigations . Police is investigating the matter .Has consequently filed a police complaint before the competent authorities in Bengaluru, Karnataka, India on 9 November 2016.  Full Article

Airasia BHD enters into sale and purchase agreement with CJG
Thursday, 16 Mar 2017 07:09am EDT 

Airasia Bhd : Entered into a sale and purchase agreement with CJG for the acquisition of one unit of bombardier bd-700-1a10 global express aircraft . Deal for cash consideration of usd10 million .Deal will not have any material financial impact in the current financial year.  Full Article

AirAsia issues clarification on article published in Star
Tuesday, 28 Feb 2017 05:56am EST 

AirAsia Bhd : Clarification on article "again, airasia eyes double-digit growth" appearing in star dated 27 february 2017 .Statement by airasia ceo on projected revenue growth for current financial year is merely referring to expected fleet growth rate in 2017.  Full Article

Airasia posts qtrly net profit of 465.3 mln RGT
Thursday, 23 Feb 2017 06:12am EST 

Airasia Bhd : Qtrly net profit 465.3 million RGT . Qtrly revenue 1.94 billion RGT . Year-ago qtrly net profit 554.1 million RGT, revenue 2.17 billion RGT . Directors do not recommend any dividend for the quarter ended 31 December 2016 . Remain positive for the prospects of the group in 2017 . In Malaysia, the first quarter of 2017 is projected to achieve an average forecast load factor of 89% . "In Thailand, load factor in the first quarter of 2017 is forecast to be 87%" . In India, the forecast load factor for the first quarter of 2017 is at 89% . "In Indonesia, load factor in the first quarter of 2017 is forecast at 82%" .In Philippines, the forecast load factor for the first quarter of 2017 is at 92%.  Full Article

More From Around the Web

CORRECTED-Malaysia's AirAsia Q1 profit falls 30 pct on higher fuel costs

KUALA LUMPUR, May 25 Malaysian low-cost airline AirAsia Bhd reported a 30 percent drop in its quarterly net profit as higher fuel expenses offset a rise in passenger numbers and load factor.