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KUALA LUMPUR: The Finance Ministry has clarified that it has not provided any financing nor guarantee to any airline.
KUALA LUMPUR: UEM Sunrise, AME Elite, XOX, AirAsia and AirAsia X are among the stocks to watch on Monday, says JF Apex Research.
PETALING JAYA: Long-haul budget airline AirAsia X Bhd (AAX) expects its proposal for the RM63.5bil debt restructuring exercise will not have any effects on its share capital, substantial shareholders’ shareholdings, as well as the group’s structure.
Most money is owed to Airbus and lessors – who cannot afford to let airlines close down
Top Glove ups compensationTOP Glove Corp Bhd said on Tuesday that it will pay RM136mil in remediation fees to its migrant workers, more than double the amount the company had estimated in August.
Khazanah to stop funding national carrier if lessor talks fail
KUALA LUMPUR (Reuters) - AirAsia Group Bhd is looking to return some planes to lessors and shrink its fleet, Group Chief Executive Tan Sri Tony Fernandes said on Thursday, as the airline looks to weather the impact of the coronavirus pandemic.
SINGAPORE: The parent of Malaysia Airlines has warned leasing companies that state fund Khazanah will stop funding the group and force it into a winding down process if restructuring talks with lessors are unsuccessful, according to a letter seen by Reuters.