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AIRASIA Group Bhd, Asia’s leading low cost carrier (LCC), has secured financing to the tune of RM1bil that will give it the much needed cash flow to survive the turbulent times of the industry.
KUALA LUMPUR: Financial assistance such as loans with easier terms to AirAsia Group is crucial in helping the struggling low-cost carrier to turn around as its recovery will bring about a huge spillover effect to the broader economy.
PETALING JAYA: The stock market kicked off August on the wrong footing with strong selling, as investors took on a pessimistic front following a global surge in coronavirus (Covid-19) cases which led to various economic concerns
KUALA LUMPUR: Bursa Malaysia started August on a cautious note on Monday, in line with the mixed Asian markets as the Covid-19 coronavirus pandemic continues and amid US-China tensions.
KUALA LUMPUR: Stocks to watch on Monday include AirAsia X Bhd (AAX), KPJ Healthcare Bhd, Willowglen MSC Bhd, Lotte Chemical Titan Holdings Bhd, Tune Protect Group Bhd and Lotte Chemical Titan Holdings Bhd, according to JF Apex Research.
THE runway for AirAsia X Bhd (AAX) is far from clear, filled with liquidity potholes that is now an enormous task to patch.
PETALING JAYA: Amid severe liquidity constraints, AirAsia X Bhd (AAX) says it has applied for bank loans to improve its financial standing.
PETALING JAYA: Applications for Air Traffic Rights (ATR) in the first half of this year dropped 74.3% compared to the second half of 2019, according to the Malaysian Aviation Commission (Mavcom) in an ATR report.