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Business 24 Feb 2009 | 12:00 AM

AirAsia needs RM13bil funding

AirAsia Bhd yesterday sealed a deal in London mandating Barclays Capital to fund the purchase of 15 new A320-200 aircraft worth nearly US$700mil (RM2.5bil) for delivery largely in 2009 despite global banks clamping down on lending.

Business 01 Jan 2009 | 12:00 AM

Asian airlines brace for recession blues in 2009

KUALA LUMPUR (AP) - The year-end festive season usually heralds a busy period for Asia-Pacific airlines.

Business 25 Nov 2008 | 12:00 AM

Qantas cuts capacity, profit forecast

SYDNEY, Australia (AP) - Qantas Airways Ltd. has slashed its profit forecast for the current year and will cut back on services to cope with plummeting demand because of the global financial downturn.

Business 24 Jul 2008 | 12:00 AM

Mexico suspends two airlines

MEXICO CITY (AP) - Mexico's transportation secretary says it has grounded two airlines for lacking proof they paid for fly rights in the country's air space.

Business 10 Jul 2008 | 12:00 AM

Air New Zealand freezes salaries

WELLINGTON (AP) - Air New Zealand has frozen salaries of senior executives, halted bonus payments and is considering slashing jobs to compensate for soaring fuel costs and sliding passenger demand, according to an internal memo leaked to the media.

Business 07 Jul 2008 | 12:00 AM

Next stress level for oil at US$152

LAST week's crude oil price surge will deal further blows to airlines worldwide. Already wounded by a 50% rise in oil prices since the beginning of this year, airlines face further capacity squeeze that will potentially lead to scrapping of more routes in the coming weeks.

Business 06 Nov 2007 | 12:00 AM

Dick Parsons will step aside as Time Warner CEO

NEW YORK (AP) - Jeff Bewkes will succeed Dick Parsons as the CEO of Time Warner Inc. on Jan. 1, the company announced Monday, completing a widely anticipated succession at the top of the world's largest media conglomerate.

Business 12 Feb 2007 | 12:00 AM

Role of Chinese businesses in global trade

FOR better or worse, the role of the Chinese overseas in South-East Asia#146;s development has long been a subject of discussion, if not debate.

Business 27 Dec 2006 | 12:00 AM

INCEIF to help train Lankan Islamic banking experts

Malaysia's International Centre for Education in Islamic Finance (INCEIF), which has been conferred university status after only six months in operation, will help Sri Lanka to produce Islamic banking and financial professionals, its chief executive officer Agil Natt said.

Business 08 Apr 2006 | 12:00 AM

Hands-on experience puts Tan in good stead

WHILE many of his course mates in London went backpacking during the summer holidays, teenager Sam C.S. Tan would return to Malaysia to work as an apprentice in some construction companies.