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KUALA LUMPUR: AmInvestment Research expects the recovery in the air travel industry to be bumpy given the uncertainties surrounding the reopening of borders and urgent need for airlines to recapitalise their balance sheets on the massive losses they have suffered amidst a collapse in air travel since the pandemic.
TELEKOM Malaysia Bhd (TM) and Tabung Haji are locking horns over a RM1bil sukuk ijarah programme raised in a TM-sponsored issuance where the latter is the largest institutional investor, according to a source.
LONDON: EasyJet Plc raised about £419mil (US$520mil) in a share sale, padding its coffers for the gearing up of flights as the European aviation sector emerges from the pandemic lockdown.
KUALA LUMPUR: Berjaya Corp Bhd (BCorp) is seeking shareholder ratification for the disposal of its trust beneficial interest in Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for 50.79 billion yen (about RM2.06bil).
KUALA LUMPUR: Berjaya Corporation Bhd (BCorp) is seeking shareholder ratification of the disposal of its trust beneficial interest in Four Seasons Hotel & Hotel Residences Kyoto in Japan to Godo Kaisha Tigre for Japanese yen 50.79 billion (about RM2.06 billion).
PETALING JAYA: Despite the increasingly challenging operating environment and early consequences of the damaging Covid-19 fallout, Axiata Group Bhd said its revenue grew 1.5% year-on-year (y-o-y) to RM6bil in the quarter while its ebitda increased 3.4% to RM2.5bil.
KUALA LUMPUR: Axiata Group Bhd, which posted a net profit of RM188.1mil in the first quarter ended March 31, has withdrawn the guidance on its financial year ending Dec 31, 2020 (FY20) headline KPIs.
SYDNEY (Reuters) - Singapore Airlines Ltd on Thursday reported its first-ever annual loss, citing poor fuel hedging bets and the collapse in demand driven by the coronavirus pandemic, and said the timing of any recovery was uncertain.
PETALING JAYA: Low cost carrier AirAsia Group Bhd is in need of an urgent intervention to save itself.
AIRASIA Group Bhd has quite a bit going for it. It has cash, RM2.59bil of it, a strong business model and a brand-name that naturally is a crowd-puller in any markets it ventures.