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Unprecedented collapse in air travel cripples industries
KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415mil Asean green medium-term notes facility (MTN facility).
KUALA LUMPUR: SMTrack Group Bhd has proposed to issue up to RM120mil in debt notes and to diversify its business, to include commercial air transport operations.
Will low-cost, long-haul airline AirAsia X be able to rise from the depths of its debt despair, or will the pandemic kick the last nail in?
PETALING JAYA: Low-cost carrier Firefly Airlines, which now operates a fleet of 12 twin turboprops, will launch its jet operations in the first quarter of 2021 (1Q21), serving the domestic, Asean and Asia-Pacific markets out of Penang International Airport.
Employment in the country continued to rise in August as economic activities resumed from July this year.
KUALA LUMPUR: Stocks which could attract trading interest include Samaiden Group Bhd, which will make its debut on the ACE Market on Thursday. Its offer price is 48 sen.
KUALA LUMPUR: Khazanah Nasional Bhd has the option to channel funds to low-cost carrier Firefly which could become the country’s national airline if Malaysia Airlines was shut down, accoridng to the head of the sovereign wealth fund.
PETALING JAYA: Passenger traffic at Malaysia Airport Holdings Bhd’s (MAHB) network of airports continued its uptrend in September, registering a 7.55% month-on-month (m-o-m) increase to 3.53 million passengers.
NEW YORK: Wall Street lost ground on Tuesday, with halted COVID-19 vaccine trials and an elusive U.S. stimulus agreement weighing on sentiment as third quarter earnings season got underway.