AirAsia tips

Capital A Berhad, the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia.

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Indian airlines inducted 112 aircraft in 2023, according to the Union Ministry of Civil Aviation. The ministry added that with this, the total number of aircraft in the fleets of scheduled airline operators stood at 771 as on December 31, 2023.

Capital A Berhad, the parent of AirAsia, is planning to raise more than $1 billion in debt and equity, and will list some of its businesses through a blank-cheque company, the Financial Times reported on Wednesday.

Southeast Asian budget airline AirAsia was back in the black in the second quarter but its rebound was slowed by the global shortage in aircraft parts and other supplies.

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Malaysia’s Capital A will not be merging its airlines, but will instead move all the carriers under one existing structure, similar to how British Airways, Iberia Airline, and Aer Lingus operate under the International Airlines Group umbrella, said CEO Tony Fernandes on Monday.

Malaysia’s Capital A has submitted plans for a corporate restructuring, which will involve the merger of its low-cost airline AirAsia with long-haul carrier AirAsia X.

AirAsia Aviation Group on Friday announced a joint venture with Cambodia-based Sivilai Asia to launch a new low-cost carrier — AirAsia Cambodia.

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The Tatas will let go of Indian full-service carrier Vistara as they look to merge the airline with the more “internationally-recognized” Air India, Air India CEO Campbell Wilson said on Monday.

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Capital A’s long-haul budget carrier AirAsia X reported its return to black with a net profit of $71 million and a revenue of $119 million in the first quarter of 2023.