Category: AirAsia

Prices of Airline Tickets Stay High as Upkeep Woes Crimp Fleets

September 22, 2022
AirAsiaairlinesBusiness & MarketsCompanieslaborRepairshortages
0 Comment

SINGAPORE— Labour shortages and supply chain snarls are making it harder for airlines and lessors to return airplanes grounded during the pandemic to the skies as quickly as they would like, operators and maintenance providers say. A global squeeze on maintenance, repair, and overhaul (MRO) capacity is one of the factors contributing to higher airfares…

Read More

AirAsia to Lease at Least 100 Flying Taxis to Launch Air Ridesharing Service

February 16, 2022
AirAsiaAsia & PacificBusiness & EconomyCompaniesflyingridesharingservicetaxisWorld
0 Comment

AirAsia Aviation Group on Wednesday unveiled plans for a low-cost air ridesharing service in Southeast Asia after signing a non-binding deal with lessor Avolon for at least 100 Vertical Aerospace VX4 electric vehicles. Tony Fernandes, chief executive of AirAsia parent Capital A, said flights could start by 2025, with regulators in Malaysia and Singapore likely…

Read More

Malaysia’s AirAsia Reports Deeper Loss in Q3 Amid Lower Revenue, Forex Loss

November 23, 2021
AirAsiaAsia & PacificBusiness & EconomyCompaniesMalaysiaWorld
0 Comment

Malaysian budget airline AirAsia Group Bhd said its net loss for the third quarter ended on Sep. 30 widened to 887 million ringgit ($212 million) versus 851.8 million ringgit ($203 million) a year earlier, citing a shortfall in revenue and a foreign exchange loss. Revenue for the period plunged 37 percent to 295.9 million ringgit…

Read More