PETALING JAYA – AirAsia Group Bhd has confirmed that is has secured a a loan as part of its ongoing capital-raising plans. The RM300 million loan came from the Sabah Development Bank Bhd (SDB) to its units as part of the group’s fundraising efforts. AirAsia Bhd Riad Asmat confirmed that the loan has been approved and disbursed. He added that …

KUALA LUMPUR – Malaysia’s flagship budget airline AirAsia Group is set to lay off hundreds more jobs as the company is still reeling in with the impact of Covid-19 pandemic on the economy. It’s Malaysian unit and subsidiary AirAsia X Bhd also plans to cut staff. The affected staff will be informed within 72 hours. The company will also be …

PETALING JAYA – AirAsia Group Berhadposted revenue of RM2.31bil in the first quarter, an almost RM800mil loss compared to the RM2.73bil revenue posted last year. AirAsia chief executive officer Tan Sri Tony said in a statement that the current period is by far “the toughest challenge” the company has ever faced. He added that AirAsia have been restructed the group …

MANILA – Philippine’s Budget carrier Cebu Pacific has announced that they will be laying off more than 1,000 employees, in the single biggest retrenchment in the local airline industry as the effects of the coronavirus disease 2019 (Covid-19) pandemic continues to wreak havoc in the economy. Cebu Pacific communications director Charo Logarta Lagamon in a statement, called the move “rightsizing” …

Thai Vietjet is now offering a special promotion “It’s time to Vietjet!”with more than 100,000 of super saver tickets priced from just THB99 (excluding taxes, fees) to fly on all Thai Vietjet’s routes, applicable for booking within golden hours 12:00 – 14:00 (GMT+7)May 13 to 15, 2020, with travel period from July1to December 31, 2020 (Excluding national holidays). Returning to the …

Manila – Budget airliner Cebu Pacific, reported a net loss of nearly P1.2 billion in the first three months of the year as the coronavirus pandemic freezes flights both on domestric and international travel. The airline unit of the Gokongwei Group said the loss is 135.2% lower than the P3.36-billion net income earned in 2019. The total revenue amounted to …