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AirAsia to boost digital ops, reward shareholders

PETALING JAYA: AirAsia Group Bhd, which is disposing of 25 aircraft to US-based global private investment firm Castlelake LP, intends to use the proceeds of the sale to ramp up its digital business and reward shareholders.

Fernandes: Selling our aircraft monetises all our aircraft at high prices and avoids residual risk. — Bloomberg

Lessors rush to repossess more Jet Airways planes

MUMBAI: Lessors to India’s Jet Airways Ltd have applied to deregister another four Boeing Co 737 planes, the Indian aviation regulator said on its website , even as the embattled carrier seeks emergency funding from its lenders.

Etihad CFO quits as carrier pursues turnaround plan

DUBAI: Etihad Airways Group chief financial officer Mark Powers has stepped down after roughly a year in the job as the Abu Dhabi state-owned carrier overhauls its business after years of heavy losses.

AirAsia abandons Vietnam venture

KUALA LUMPUR (Bernama) AirAsia’s wholly-owned unit, AirAsia Investment Ltd, together with Gumin Company Ltd and Hai Au Aviation Joint Stock Company, have mutually agreed to terminate the agreement to set up a joint venture in Vietnam, effective today.

Lufthansa slumps to Q1 loss with fuel costs increasing

JOHANNESBURG: Deutsche Lufthansa AG reported a first-quarter loss because of rising fuel costs, sending the stock plunging in a sign of deepening industry woes after the German airline cut its growth plans last month.