Search Results forAirAsia X Berhad
New AirAsia X Berhad Chief Financial Officer named
Low-cost, long-haul carrier AirAsia X Berhad recently announced Wong Mee Yen as its incoming chief financial officer. Prior to AirAsia X Berhad, Wong was chief financial officer for the MRT Project of LMG Rail Car Sdn Bhd. Wong is no stranger to the airline, having been the group financial controller of AirAsia Berhad from 2004 to 2007. Her current assignment makes her responsible for corporate finance, treasury, financial planning and analysis as well as investor relations. She will report directly to Benyamin Ismail, chief executive officer of AirAsia X Berhad. ‘We are delighted to have Mee Yen on the team. Her extensive experience in financial management, strategic planning and business strategy will help to support our current business plans, company growth targets and the successful execution of key new initiatives,’ Ismail commented on the appointment. This development was also welcomed by Datuk Kamarudin Meranun, group CEO of AirAsia X. ‘We are pleased to bring back Mee Yen to join our management team at AirAsia X Berhad as we continue to drive our strategic and financial business transformation. She was part of the core team in the early days of AirAsia and has played an instrumental role in the success of AirAsia and getting the company listed on the Bursa Stock Exchange. She has vast experience in finance and operational management, and together with her intimate knowledge of AirAsia's business model, culture and products, we are confident she will be able to help us build upon our successes so far towards becoming the undisputed global long-haul low-cost carrier leader,’ he said. Wong brings with her more than 20 years of experience in finance operations and financial control. She takes over starting 01 January 2018 from Cheok Huei Shian, who has led the airline’s finance team since February 2015. “On behalf of the management team, we would like to thank Huei Shian for her invaluable contributions towards realising the company’s transformation,” Datuk Kamarudin added.
AirAsia expects to launch over 30 new routes in 2025, boosting regional and Fly-Thru connectivity
AirAsia Aviation Group is set to introduce more than 30 new routes as it achieves full recovery in 2025 strengthening Asean and domestic connectivity, reinforcing its position as the region’s leading low-cost airline. As the proposed acquisition of AirAsia by AirAsia X Berhad from Capital A Berhad nears completion, the consolidation of both short- and medium-haul airlines into an enlarged aviation group will further enhance the airline’s position in the industry, strengthening its network and operational synergies. As the foundations are laid for the future, in 2025, AirAsia will be focused on enhancing cost leadership, optimising network and flight frequencies, and improving operational performance across key markets including Malaysia, Thailand, Indonesia, the Philippines, and Cambodia. These efforts aim to support growth in high-demand destinations such as India, China, and throughout Asean. The network optimisation is expected to be completed by the second quarter of 2025, with frequency increases across high-demand routes beginning in the same period. In parallel, the group is evaluating new routes to meet growing intra-Asia travel demand driven by easing visa initiatives across key markets including China, India, Thailand and Malaysia, aligned with evolving travel trends. Most recently, AirAsia Malaysia announced its new route into Australia, with four weekly flights to Darwin beginning 27 June 2025, making it the first airline in the region to offer direct connectivity between Kuala Lumpur and Darwin. AirAsia Indonesia also celebrated its inaugural flight from Bali to Darwin on 22 March 2025 further strengthening the Northern Territory’s connection with Asean. Bo Lingam, Group CEO of AirAsia Aviation Group said: “In 2025, as we return to full capacity, we’ll be balancing growth with profitability. Our network strategy will prioritise strategic, demand-driven connectivity across Asia. With over 30 new routes and increased frequencies on our most popular services, we are responding directly to market demand and Fly-Thru opportunities. Our Fly-Thru traffic grew to 4.3 million in 2024, and we are targeting over seven million Fly-Thru guests this year, accounting for approximately 10% of total passengers. This growth supported by the reactivation of 16 aircraft and the delivery of 14 new aircraft in 2025 will form the backbone of our sustainable expansion plans. “Our mega hubs in Kuala Lumpur (KUL) and Bangkok-Don Mueang (DMK) will continue to anchor Fly-Thru growth, currently handling 95% of Fly-Thru traffic. At the same time, we will expand other hubs and look forward to adding over 1,700 weekly return flights and 323,336 weekly seats across the Group by the end of 2025.” This year, the airline expects to operate a fleet of 234 narrowbody aircraft across the airline’s five short-haul airlines, restoring full pre-pandemic capacity. Only 16 aircraft remain to be reactivated, while 14 new aircraft deliveries have been confirmed for 2025, four from Airbus and 10 via lessors. AirAsia’s commitment to building mega hubs and expanding Fly-Thru services supports its vision of becoming a global low-cost network carrier connecting Asean to the world and the world to Asean.
AIrAsia to consolidate domestic services at KLIA Terminal 2
AirAsia announced the relocation of its domestic services from Sultan Abdul Aziz Shah Airport (Subang Airport) to Kuala Lumpur International Airport Terminal 2 (KLIA T2), effective 7th April. The move is aimed at optimising operations amidst growing demand and enhancing the overall guest experience. With passenger volumes between Kuala Lumpur and key destinations such as Kota Kinabalu and Kuching increasing by 16 percent year-on-year, consolidating operations at KLIA T2 will allow the airline to better accommodate rising traffic. AirAsia Malaysia chief executive Fareh Mazputra said of the impending move: “Given the increasing demand for our Kota Kinabalu and Kuching routes, consolidating our services at KLIA T2 is the optimal way forward. This move allows us to enhance efficiency and elevate the overall guest experience. While Subang Airport has provided valuable proximity and easier access for city dwellers, KLIA T2’s infrastructure supports connectivity needs at scale, particularly during peak travel periods. It also offers the capacity required for continued growth as we mount more flights to serve the rising demand across East Malaysia routes.” A calculated move Since resuming operations from Subang in August last year, AirAsia has closely assessed passenger trends and operational needs. Based on findings, KLIA T2 offers the best platform to enhance efficiency and service quality. While Subang Airport has been convenient, especially for city-bound travellers, its redevelopment to support future growth will take time. In the meantime, the airline will consolidate its operations at KLIA T2 to improve efficiency and elevate the overall guest experience. Mazputra added: “To ensure a smooth transition, we will continue operating from Subang Airport through the high-demand Hari Raya week. This allows the majority of guests traveling for the holidays to benefit from its convenience before the shift. We have also put in place comprehensive Service Recovery Options (SROs), including complimentary flight changes, credit accounts, or full refunds, to minimise any inconvenience.” Likewise, positive consultation sessions with the Gateway Development Alliance (GDA) consortium ensure that the upcoming transition aligns with their broader infrastructure developments and long-term connectivity goals. KLIA T2 has been instrumental in strengthening Kuala Lumpur’s position as a leading regional megahub, and AirAsia is set to reinforce its presence there as the dominant carrier even as it enhances connectivity and service across its other key hubs in Malaysia.
AirAsia Rewards teams up with B Infinite
AirAsia rewards, the loyalty programme of Capital A, announced a new partnership with B Infinite, Malaysia's premier lifestyle rewards programme. AirAsia members can now link their B Infinite account to their AirAsia account through AirAsia Xchange on the AirAsia MOVE app to instantly convert B Points to AirAsia points and vice versa. Conversion is currently set at 3,000 B Points for every 1,000 AirAsia points, and 3,000 AirAsia points for every 1,000 B Points. This strategic partnership enables members of both programmes to enjoy greater flexibility by using their AirAsia points to pay for flights, hotel stays, duty-free shopping and more, while also benefiting from B Infinite's extensive network of merchants across multiple industries. More value This collaboration adds significant value to both programmes, giving customers more freedom to maximize their points and enjoy a wider range of rewards, both in travel and lifestyle. According to Nicole Tan, head of AirAsia Rewards: ““This new partnership with B Infinite represents a significant milestone for AirAsia Rewards, offering our members greater flexibility in utilising their AirAsia points and access to a diverse range of rewards from Berjaya Corporation Berhad's network of merchant partners and brands. It reflects our continued commitment to enriching our members' experiences, strengthening ties with local brands, and broadening the utility of our AirAsia points.” Tan added that, in the long run, this partnership will enhance the value the airline offers to its loyal customers, bringing the airline closer to its vision of establishing AirAsia points as a universal digital loyalty currency. B Infinite business head Kevin Wong added: “We are delighted to partner with AirAsia rewards to provide our members instant access to AirAsia’s broad range of travel and lifestyle benefits. Through this collaboration, B Infinite members can now earn and redeem BPoints whether they’re shopping for daily essentials or planning their next getaway. We look forward to making everyday experiences more rewarding for everyone.”
Capital A, AirAsia X extend deadline for disposal of AirAsia Aviation Group
Capital A Berhad announced that it has mutually agreed with AirAsia X Berhad (AAX) to extend the cut-off dates for the completion of the proposed disposal of AirAsia Aviation Group Limited (AAAGL) and AirAsia Berhad (AAB) to AAX. The announcement was made on Monday, 27th January. The timeline has been extended by two months, from 25 January to 24 March, allowing both parties additional time to finalise the transaction for AAAGL and AAB. Notably, all due diligence for both entities has already been successfully completed. This extension ensures that both parties have adequate time to fulfill the necessary conditions and finalise the transaction. All other terms and conditions of the SSPAs remain unchanged. Considerable progress Capital A chief executive Tony Fernandes said: “We are encouraged by the progress we’ve made, and remain committed to ensuring everything is right on track. This extension provides the time needed to finalise all aspects of the transaction with precision, including obtaining consent from the lessors, which is primarily done, and receiving the earliest date from the High Court of Malaya. Once the court approves the arrangement, we will swiftly move to complete the placement, which is already in advanced discussions.” With key milestones already achieved, including the completion of due diligence for both AirAsia Aviation Group and AirAsia Berhad, as well as the approval from shareholders of both Capital A and AirAsia X in October 2024, the parties are now in the final stage of negotiations. Fernandes added: “Upon completion, this transaction will result in a stronger, globally competitive AirAsia, leveraging synergies between short-haul and long-haul operations to improve efficiency, profitability, and shareholder returns. It will also enhance connectivity and customer experience for our guests. This move unlocks significant growth opportunities, as it aligns with Capital A’s broader strategy to lead in the digital aviation and services space. Capital A is looking forward to accelerating the growth of our technology-driven aviation services and digital ecosystem, particularly in response to the anticipated global rise in travel demand.”
AirAsia parent Capital A submits regularisation plan to Bursa Malaysia
Airbus A320 at the bay Capital A Berhad submitted its Proposed Regularisation Plan to Bursa Malaysia Securities Berhad on 23rd December. This move is a pivotal step in Capital A’s journey to exit Practice Note 17 (PN17) status. Likewise, this milestone represents Capital A's achievement in strengthening its financial position and reaffirms its commitment to driving long term growth from here onwards. A momentous step According to Capital A chief executive Tony Fernandes: “We are beyond thrilled to take this momentous step towards uplifting our PN17 status and paving the way for a brighter future. The regularisation plan, which includes a capital reduction of up to RM6 billion, is designed to strengthen our balance sheet by eliminating the losses incurred during the Covid pandemic, and reflect the true value of our underlying assets in Capital A.” Fernandes added that not many companies successfully exit PN17, and those that do often take many years to achieve it. He said: “What makes this milestone even more remarkable is that we have reached it while navigating the unprecedented challenges brought on by Covid. Once the plan is approved, Capital A will follow AirAsia X’s success in exiting PN17 almost a year ago. This will stand as one of the proudest moments of my career: a testament to the resilience and determination of our team.” Once all approvals are in place, Fernandes is confident that he and his team can successfully execute their strategy to deliver sustainable growth and long-term value, building a stronger and more resilient Capital A. What happens next? Following the submission of the plan to Bursa Malaysia for approval, these are the remaining steps committed by the Group to complete: Approval from Bursa Malaysia An Extraordinary General Meeting: To be convened following Bursa Malaysia’s approval to seek shareholder endorsement. Approval from the High Court of Malaya: Upon shareholder approval, the plan will be submitted to the High Court of Malaya for confirmation. PN17 Upliftment: Completion of these steps will enable the Group to exit PN17 status, marking the successful conclusion of its financial regularisation efforts. The proposed PN17 plan is subject to the completion of the disposal of aviation. Capital A remains committed to regulatory compliance and will focus on mitigating risks, including market competition and operational disruptions. Its management team is confident in its strategic direction and its ability to execute the regularisation plan effectively, setting the stage for a stronger and more resilient future.
Capital A shareholders approve disposal of aviation business to AirAsia X
Capital A announced that shareholders voted in favour of the proposed disposal of the Group’s aviation business to AirAsia X at an Extraordinary General Meeting (EGM) convened on Monday, 14th October. This approval marks a pivotal milestone, enabling Capital A to focus on the four strategic pillars that will drive its transformation into a future-proofed tech-driven aviation services company via Capital A Aviation Services (CAPAS), MOVE Digital, Teleport (Logistics), and the Brand AA company. With regard to next steps, Capital A will seek a court order to distribute the consideration shares to shareholders through a planned reduction and repayment of the company’s issued share capital. It will also be securing approval from the holders of Redeemable Convertible Unsecured Islamic Debt Securities (RCUIDS) at the next EGM, marking another critical milestone in Capital A’s journey. These critical steps will enable Capital A to achieve a clean balance sheet and focus on submitting its regularisation plan before the year end, with the aim of exiting Practice Note 17 (PN17) status. Capital A Berhad chief executive Tony Fernandes said: "This is a watershed moment for Capital A and the AirAsia group of airlines, building on the tremendous value created over the past 23 years. With shareholder approval to divest the aviation business, we are unlocking a bright new future by delineating our pure-play aviation business from aviation support services. This clarity will benefit both shareholders and customers, allowing us to redefine the future of travel in the region." Working on a broader strategy Fernandes added that Capital A’s broader strategy is aimed at developing technology-driven aviation services and digital businesses that will support the significant anticipated growth in travel demand. He said: “Separating the aviation and non-aviation businesses allows us to sharpen our focus on maturing the high-growth aviation support services and digital businesses we have built to support the aviation business. Upon securing AAX shareholders approval at the [next] EGM, the aviation businesses will be able to consolidate to form a game-changing AirAsia Group, with synergies between short-haul and long-haul operations driving greater efficiency, profitability, and shareholder returns.” Fernandes further emphasised that Capital A is well-positioned for accelerated growth, "From digital travel to logistics and brand management, we are building a robust, tech-powered aviation services ecosystem. Today’s approval from our shareholders also paves the way for Capital A to move to a clean balance sheet that will provide the clarity and flexibility to finalise our regularisation plan and exit PN17 status soon." This restructuring aligns with the Group’s strategy to evolve into an agile, technology-focused organisation, built around four key pillars: aviation services, travel and fintech via MOVE Digital, the expansion of logistics solutions throughout ASEAN, and managing the globally recognised AirAsia brand through strategic licensing and partnerships.
AirAsia X releases financials for Q2-2024
AirAsia X Berhad maintained its momentum in the second quarter of this year as it delivered a robust financial performance throughout the period which ended on 30 June 2024. The airline recorded a turnover of RM669.1 million in the second quarter, increasing by 30 percent year-on-year, reflecting the sustained demand in core markets as the Company ramped up its capacity to 16 operational aircraft. The Company posted Earnings Before Interest, Tax, Depreciation and Amortisation ("EBITDA") of RM58.4 million for this quarter, while net profit stood at RM4.8 million, despite common perception that second quarters are, traditionally, the weakest time of the year, and before full activation of its 18-aircraft fleet. A higher number of passengers In the second quarter, the number of passengers carried rose by 42 percent YoY to over 880,000 passengers, surpassing the 30 percent YoY growth in seat capacity. Bolstered by the spring travel seasons in key markets and the Eid holiday period this quarter, passenger load factor (PLF) stayed at a healthy 83 percent, up by seven percentage points YoY, as load factors on high-demand routes in China, India, and Japan trended close to 90 percent. AirAsia X’s average base fare was RM458 in 2Q24 against RM650 last quarter, in line with a softer travel season during the traditionally weakest quarter in the year. Ancillary revenue increased over 48 percent YoY to RM218.2 million, in line with the increase in the number of passengers carried and buoyed by ancillary revenue per passenger increasing by 5% YoY to RM248 per passenger. This was driven by the continuous improvements and fine-tuning of various products and services and improved utilisation of data, including enhancements in the customer personalisation strategy and booking flow, as well as continual evolution to meet the latest trends of food and beverages served inflight by SANTAN. Working to regain market leadership On network, AirAsia X reinforced its commitment to regain market leadership in core markets and resumed operations to Xi’an in April, fortifying its presence in this core market to five destinations including Beijing, Chengdu, Hangzhou and Shanghai in 2Q24. The airline also increased flight frequencies between Kuala Lumpur and Bali to 14 times per week to cater to strong demand for the popular leisure island destination. However, over the last 12 months, AirAsia X suspended services to Busan, Auckland and the Gold Coast as part of its network optimisation exercise to ensure that it is always flying the most popular and profitable routes. Against last year, the airline delivered 31% more flights in 2Q24 at 2,916 total stages. Total weekly flights stood at 128 flights per week on average.
Explore ASEAN seamlessly with AirAsia MOVE’s signature ‘ASEAN Explorer Pass’
AirAsia MOVE (formerly known as AirAsia Superapp), a digital venture by Capital A Berhad continues to take large strides towards solidifying its position as an online travel agent (OTA) platform that champions and connects the ASEAN region like no other, especially through its signature product, the ‘ASEAN Explorer Pass’. The ASEAN Explorer Pass was officially launched by Yang Berhormat Dato Sri Tiong King Sing, Minister of Tourism, Arts and Culture Malaysia, who is also the Chair of the ASEAN Tourism Ministers, Tan Sri Nazir Razak, Chairman of ASEAN-BAC Malaysia, Tan Sri Tony Fernandes, CEO of Capital A and Executive Chairman of MOVE Digital. Also present at the event were council members from ASEAN-BAC and Nadia Omer, CEO of AirAsia MOVE. The ASEAN Explorer Pass is an annual travel pass which allows subscribers to explore the whole ASEAN region through AirAsia’s international and domestic** flight network, enjoy hotel discounts as well as connectivity on-ground through AirAsia Ride for a full year from the date of subscription. From today until 30 April, the ASEAN Explorer Pass is on a early-bird promo price of RM999* or RM89.91/month instalment, and can be purchased on the AirAsia MOVE app. After 30 April, the pass will return to its original price of RM1,188* or RM106.92/month instalment. Tan Sri Tony Fernandes, CEO Capital A and Executive Chairman of MOVE Digital commented, “For over two decades, Capital A’s aviation business, AirAsia, spearheaded connectivity in ASEAN by enabling people from all walks of life, especially from secondary and tertiary cities across the region to have access to affordable flights. To extend that further, AirAsia MOVE as an OTA has the capabilities to champion the cause of connecting ASEAN by facilitating a seamless travel experience and empowering travellers with options that cater to their needs right at their fingertips. Today, we are proud to introduce the all-new ASEAN Explorer Pass, AirAsia MOVE’s signature product, which is truly designed to enable exploration of ASEAN destinations, especially hidden gems in all corners of ASEAN, beyond the popular destinations such as Bali, Bangkok, Phuket and the main Tier-1 cities. There will always be a seat somewhere in ASEAN for you, so go and explore with the ASEAN Explorer Pass. Data from the previous travel pass sold by AirAsia MOVE in December 2022 clearly indicates that demand for travel within the ASEAN region is high, with over 80,000 international flights redeemed and flown in a year. As ASEAN continues to rise as a major hub for international trade & investment, enabling intra-ASEAN connectivity and accessibility to key travel necessities such as flights, hotels and rides are crucial. Capital A, through AirAsia MOVE, is proud to enable more to explore the diverse landscapes of ASEAN, and help people go all the way.” Tan Sri Nazir Razak, Chairman ASEAN-BAC Malaysia added, “On behalf of ASEAN-BAC, I extend my heartfelt congratulations to AirAsia and AirAsia MOVE for this remarkable achievement. The launch of this pass is a testament to our collective vision of a borderless ASEAN, where barriers give way to bridges, flights, and the celebration of diversity as our greatest strength. ASEAN has greeted 100 million international tourists in 2023, which is 70% of pre-pandemic levels, and we are confident such efforts by AirAsia MOVE will move the needle in further stimulating travel, and spurring the economy of ASEAN.” Those who purchased the ‘Unlimited Asean Pass’ in March 2024 will have their redemption validity extended until 6 May 2025, and be able to travel until 20 May 2025. Existing Unlimited Asean Pass holders will see these changes take effect from 7 May 2024 onwards. Unlimited Asean Pass holders who would like to redeem domestic destinations in countries other than their own (based on nationality on passport), will have SST charges applied when they convert to ‘ASEAN Explorer Pass’. AirAsia MOVE’s ecosystem includes OTA services such as flight bookings from over 700 airlines, including the World’s Best Low-Cost Carrier AirAsia and 900,000 hotels world-wide plus ride-hailing, dining experiences, insurance and more, underpinned by a robust loyalty program, MOVE Rewards. AirAsia MOVE won ‘Asia’s Leading Online Travel Agency 2023’ by World Travel Awards in its first nomination in the OTA category. Complementing AirAsia MOVE is BigPay, Capital A Berhad's digital payment platform, which has streamlined financial transactions for travellers. With features such as real-time currency exchange and low-cost remittance services, BigPay has simplified the process of managing finances while travelling, eliminating the hassle of carrying physical currency or dealing with exorbitant transaction fees.
AirAsia X announces strategic acquisition of Capital A’s aviation business
AirAsia X (AAX) announced that it has entered into a non-binding letter of acceptance with Capital A for the proposed acquisitions of its aviation businesses, namely AirAsia Berhad and AirAsia Aviation Group Limited. The strategic move positions AAX to become the overarching regional aviation provider for all short and medium-haul routes under the AirAsia brand name. This groundbreaking acquisition is expected to provide unparalleled advantages, including a strengthened market position, increased operational efficiency, and ultimately driving cost savings and enhanced financial performance. The decision to combine the airline businesses through these acquisitions leverages AAX's robust recovery trajectory after its upliftment from the Practice Note 17 (PN17) status in November 2023. AirAsia X Chairman, Dato’ Fam Lee Ee said: “These strategic acquisitions serve as pivotal milestones in AAX's post-PN17 revival strategy, bolstering our financial stability and enhancing our market positioning. The consolidation under the AirAsia brand as a one-listed entity reflects our commitment to capitalise on our regained strength and market confidence to deliver a unified and unparalleled travel experience for our guests and significant value for our shareholders. “Leveraging the strengths of all airlines under the AirAsia brand, we are poised to create a pure-play entity that propels us forward. The synergy created through these strategic acquisitions represents more than just a financial consolidation; it symbolises our role as a trailblazer in shaping the future of the aviation industry. The future holds immense potential, and we are excited to embark on this transformative journey.” The detailed announcement on the Proposed Acquisitions, including their effects on various financial metrics is expected to be announced in due course, subject to the definitive share sale and purchase agreement and its completion.
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