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Airasia taking all necessary steps to address PN17 status
KUALA LUMPUR: AirAsia Group Bhd (AAGB) is in the midst of formulating a plan to regularise its financial condition in order to address its Practice Note 17 (PN17) status and relevant announcements will be made in due course.
Recovery uptrend intact
PETALING JAYA: Even though it is too early to say the worst is over for the aviation sector, the current developments with regards to vaccination programmes and gradual opening of borders is paving the way for a recovery of the sector.
Patchy recovery for aviation in 2022
KUALA LUMPUR: Despite expectations that 2022 will be a year of recovery, it could be a bumpy road ahead for the aviation sector given the ongoing disruption to international travel by the Covid-19 threat.
AirAsia completes RM974.5mil rights issue
KUALA LUMPUR: AirAsia Group Bhd is expected to complete its renounceable rights issue to its existing shareholders upon the listing of the redeemable convertible unsecured Islamic debt securities (RCUIDS) and warrants on Dec 31.
Trading ideas: SunCon, Ranhill, Coastal Contracts, Pestech
KUALA LUMPUR: Stocks to watch on Tuesday include Sunway Construction Group Bhd, Ranhill Utilities Bhd, Coastal Contracts Bhd, Pestech International Bhd and Censof Holdings Bhd, according to JF Apex Research.
AirAsia Group's rights issue undersubscribed by 14.87%
KUALA LUMPUR: AirAsia Group Bhd has received valid acceptances and excess applications for 1.1 billion redeemable convertible unsecured Islamic debt securities (RCUIDS) under its rights issue exercise.
AirAsia revises dates related to rights issue
PETALING JAYA: AirAsia Group Bhd has revised several important dates for its rights issue of RM978.51mil redeemable convertible unsecured Islamic debt securities or RCUIDS with free warrants, following the declaration of a public holiday for all federal territories on Dec 3, 2021
AirAsia revises dates related to rights issue due to FT public holiday
KUALA LUMPUR: AirAsia Group Bhd has revised several important dates for its rights issue of RM978.51 million redeemable convertible unsecured Islamic debt securities (RCUIDS) with free warrants following the declaration of a public holiday for all federal territories on Dec 3, 2021.
AirAsia records net loss of RM887mil
KUALA LUMPUR AirAsia Group Bhd recorded a net loss of RM887mil in the third quarter ended Sept 30, 2021, compared to a net loss of RM851.78mil in the previous corresponding quarter.
Pandemic-driven debt
MALAYSIAN corporates, especially those that are exposed directly to the sectors that have been impacted by Covid-19, experienced significant deterioration in their respective balance sheets.
