All AirAsia X articles
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NewsAirAsia X sees China reopening hastening traffic recovery
AirAsia X expects the reopening of China’s borders to accelerate its recovery to pre-pandemic operations, as it sees significant traffic growth in the October-December quarter of 2022.
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News
Capital A secures six-month extension to file ‘regularisation’ plan
AirAsia parent Capital A has been given until July to submit its “regularisation plan” after securing a six-month extension from the Malyasian stock exchange.
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Analysis
Why Capital A is bringing AirAsia and AirAsia X together
An AirAsia consolidation with its medium-haul affiliate AirAsia X would bode well for both carriers – and is a long time coming – given that both companies are starting to overlap in operations.
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News
Capital A to divest airline units to AirAsia X as part of restructuring plan
Capital A has outlined plans to dispose of its airline interests to AirAsia X after seeking an extension from the Malaysian stock market to submit “a holistic regularisation” plan.
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News
Fernandes steps down as acting head of AirAsia X
Tony Fernandes has resigned as acting head of low-cost operator AirAsia X to focus on his role at diversifying airline group Capital A.
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News
AirAsia X swings to operating loss in fourth quarter
AirAsia X posted an operating loss in its financial fourth quarter, as it warns of headwinds such as high fuel prices amid a return in travel demand.
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Interview
AirAsia X chief charts cautious recovery after restructuring
Malaysia-based AirAsia X is “treading cautiously” after its restructuring, as it looks to building back its operations in an environment that is slowly reopening after two years of the pandemic.
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News
AirAsia 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 ...
