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KUALA LUMPUR: Malaysian Airline System Bhd (MAS) has closed the sale and leaseback transaction for two Airbus A330-300 aircraft with Pembroke Group Ltd, Standard Chartered Bank's (StandChart) aircraft leasing, financing and lease management subsidiary.
SEPANG: Long-haul budget carrier AirAsia X has set the ball rolling for its initial public offering (IPO) exercise, as it has sent out request for proposals (RFPs) to local and international banks and will appoint advisers after a board meeting in June.
DALLAS (AP) - American Airlines lost US$436 million in the first quarter as it battled rising jet fuel prices, likely foreshadowing huge losses at other major U.S. airlines.
PETALING JAYA: Boustead Holdings Bhd plans to sell for RM189.23mil its Sabah's Sutera estate, Taiping rubber plantation and Trong oil mill to Al-Hadharah Boustead REIT, and then lease back these assets.
PETALING JAYA: CIMB Group Holdings Bhd is expected to report its second quarter results today, and analysts are expecting the banking group's earnings to outpace consensus estimates for the third consecutive quarter on lower sequential loan loss provisions, further traction in PT Bank CIMB Niaga Tbk's earnings growth, and recognition of various one-off gains.
PETALING JAYA: Most companies tend to face cashflow problems at some stage of their business or while expanding but they often manage to ride out their financial woes. But when funds are insufficient to service loans from financial institutions - as in the case of Haisan Resources Bhd - it could pose a major problem for the company, especially if the situation persists.
KUALA LUMPUR: Malaysia is on track to reduce its fiscal deficit to 5.6% or lower of the gross domestic product (GDP) this year from 7% of GDP in 2009, said Prime Minister Datuk Seri Najib Tun Razak.