All AirAsia X articles
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NewsAirAsia X strikes off majority of A330neo order
Long-haul budget carrier AirAsia X appears to have slashed its orders for Airbus A330-900s by more than 60. The airframer has listed 63 cancellations for the long-haul twinjet during March, and AirAsia X’s commitment has fallen from 78 to 15 aircraft. AirAsia X co-founder Tony Fernandes had been a vocal ...
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News
Revamped AirAsia X takes further step in boosting cargo revenues
Malaysian long-haul, low-cost operator AirAsia X has further bolstered efforts to build its cargo revenues under its restructured business model with a belly-space utilisation deal covering a third of its Airbus A330-300 fleet with the logistics venture of Capital A, formerly AirAsia Group.
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News
AirAsia X takes first step with Sydney service in scheduled flights return
Restructuring Malaysian long-haul, low-cost operator AirAsia X is to resume scheduled passenger services in February for the first time since the pandemic.
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News
Vindicated by creditors’ approval for restructuring, AirAsia X slams critics
AirAsia X has hit back at its critics — including what it calls “pundits” hoping the airline would be liquidated — in a strongly-worded statement after it gained creditors’ approval for debt restructuring.
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News
AirAsia X aims to complete restructuring by Q1 2022, after securing creditor approval
Beleaguered long-haul, low-cost carrier AirAsia X has gained crucial approval from creditors for debt restructuring, following a series of court-convened meetings on 12 November.
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News
AirAsia X faces possible delisting after auditors issue disclaimer of opinion
Beleaguered long-haul, low-cost carrier AirAsia X could be delisted from the Malaysian stock exchange if it fails to successfully restructure its business.
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News
‘I will not forget the lessors who have treated us badly’: AirAsia chief
AirAsia Group chief executive Tony Fernandes says he has found it “painful” how some unnamed lessors have treated the business during the Covid-19 crisis.
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News
AirAsia X gets shareholders' nod for restructuring
Beleaguered AirAsia X has gained shareholder approval to proceed with its corporate restructuring plan, as it reiterated its commitment to an operational restart “as soon as possible”.
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News
AirAsia X wins restraining order on creditors, with exceptions
AirAsia X has been granted by the High Court of Malaya a three-month restraining order on creditors to help with its debt restructuring.
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News
AirAsia X continues loss-making streak amid grounding, restructuring
Beleaguered AirAsia X stayed in the red at the operational level, despite narrowing its losses on a quarter-to-quarter basis.
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News
Airbus cancellations include remaining A330Fs and AirAsia’s A350s
Airbus’s cancellations for the final month of last year included 26 long-haul aircraft, among them 15 A350s and the last three A330 freighters in the airframer’s backlog. The cancellation of three outstanding A330-200Fs – ordered by Turkey’s MNG Airlines – means there is no current backlog for the type, ...
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News
AirAsia X plans stock issue to raise funds while cutting share capital
Long-haul budget carrier AirAsia X is planning to broaden the extent of a planned capital reduction, and raise additional funding through a new share issue. AirAsia X aims to raise RM300 million from current shareholders plus another RM200 million from new investors – a total of RM500 million ($123 ...
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Analysis
Creditors face painful choice over AirAsia X
AirAsia X has asked creditors to accept an epic debt haircut, offering two painful options amid an airline industry in crisis. Announced on 6 October, the plan, if approved , would see liabilities of some MYR63.5 billion ($15.3 billion) reduced to just MYR200 million payable within the next ...
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News
AirAsia X to shed aircraft and restructure debts
Grounded long-haul low-cost carrier AirAsia X has unveiled a restructuring plan under which it aims to get debts waived and cut aircraft from its fleet in the hope that it will be able to avoid liquidation and raise fresh equity. AirAsia X says it “will not be ...
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News
AirAsia X carried fewer than 2,300 passengers in second quarter
Long-haul low-cost carrier AirAsia X carried only 2,291 passengers during the three months ended 30 June.
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News
AirAsia X to renegotiate aircraft leases, defer A330neos
AirAsia X will ask lessors for lease reductions across its entire fleet as the coronavirus crisis puts a strain on its business. The Malaysian low-cost long-haul carrier has targeted a 30% lease reduction and plans to renegotiate maintenance reserves. It is also seeking the early return of ...
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News
AirAsia chiefs deny wrongdoing but step aside to aid graft probe
AirAsia Group chief Tony Fernandes and chairman Kamarudin Meranun have voluntarily stepped aside from their executive roles, for two months, to allow an independent probe into bribery allegations which emerged during an in-depth investigation at Airbus. UK court documents detailing an indictment against Airbus, for allegedly failing to prevent ...
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News
AirAsia firmly rejects implications from Airbus bribery case
Low-cost carrier AirAsia has vehemently denied any allegations of wrongdoing after Airbus was heavily fined under a deferred prosecution arrangement over multiple charges relating to alleged failure to stop bribery. Malaysia’s Anti-Corruption Commission says it is “already investigating the matter” and is “in touch” with UK authorities. The charges ...
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News
AirAsia X crew did not follow procedure in engine failure
Faced with a right engine failure, the flight crew of an AirAsia X Airbus A330-300 not only failed to follow the proper response procedures, they also chose to divert the stricken aircraft to an airport further away. In releasing its final report into the 2016 incident, the Australian Transport ...
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News
AirAsia X narrows third-quarter loss despite lower revenue
AirAsia X’s third-quarter operating loss fell 92.7% to MYR14.8 million ($3.56 million), as cost saving measures offset the impact of lower revenues.
