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AirAsia Says Aviation Laws Prevent it From Consolidating Associates’ Accounts
An AirAsia baggage handler drops a bag on the tarmac at Kuala Lumpur International Airport in Sepang, Malaysia, June 17, 2015. (Reuters Photo/Olivia Harris) Kuala Lumpur. AirAsia refuted on Monday a...
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AirAsia’s Fernandes Casts Work Aside Amid Accounting Worries
Tony Fernandes, chief executive of AirAsia, looks on upon arrival at the domestic airport in Manila on May 23, 2014. (Reuters photo/Romeo Ranoco) Singapore. AirAsia boss Tony Fernandes has told staff...
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Short-Sellers Target AirAsia Amid Questions Over Accounting
AirAsia Group Chief Executive Officer Tony Fernandes looks on during a televised session of World Economic Forum on East Asia in Jakarta, in this April 20, 2015 file photo. (Reuters Photo/Beawiharta)...
View ArticleAirAsia Shares Tumble on Fears Indonesia Affiliate Could Be Grounded
Kuala Lumpur/Jakarta. A move by Indonesia to enforce rules on airlines’ finances sent shares in Malaysian budget carrier AirAsia skidding on Wednesday as investors fretted over whether its...
View ArticleIndonesia AirAsia Denies Reports of Equity Woes
Jakarta. Indonesia AirAsia, the Indonesian affiliate of Malaysian budget airline AirAsia, denies having problems with its equity after government officials revealed the carrier needed to repair its...
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AirAsia Shares Rise After Concerns Over Indonesia Affiliate Ease
AirAsia airplanes sit on the tarmac at Soekarno-Hatta Airport in Jakarta. (Reuters Photo/Beawiharta) Jakarta/Kuala Lumpur. Shares in AirAsia recovered from five-year-lows after the Indonesian...
View ArticleAirAsia to Recapitalize Indonesia Affiliate to Meet Equity Rule: CEO
Kuala Lumpur. AirAsia CEO Tony Fernandes said on Monday the company will recapitalize its Indonesian affiliate so that the unit can meet a rule set by the country’s transport ministry. AirAsia...
View ArticleIndonesia AirAsia Asks for Extension for Capital Injection
Jakarta. Indonesia AirAsia has sought a two-month extension from the Transportation Ministry to meet a deadline on newly imposed capital requirements. The airline is among 13 named by the ministry...
View ArticleAsian Airlines Hedge More Fuel to Lock in Savings From Oil Price Fall
Singapore. Asian airlines are preparing to hedge more jet fuel in a bid to lock in profits, betting that a recent slide in crude prices to five-month lows will taper off near $50 a barrel. Hedging...
View ArticleIndonesia AirAsia Stays Aloft Thanks to Govt Extension on Capital Requirement
Jakarta. The Transport Ministry has granted a two-month deadline extension to Indonesia AirAsia, the local unit of Malaysian budget airline AirAsia Berhad, allowing more time for the company to fulfill...
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