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KUALA LUMPUR, MALAYSIA / ACCESSWIRE / May 18, 2017 / Charterprime, an international financial services and brokerage group based out of Australia focused on the Asia-Pacific region, has recently launched a custom livery with AirAsia Berhad (MYX: 5099), one of the largest carriers in the region. Charterprime's logo and branding will appear on an AirAsia's Airbus A320-200 aircraft.
Two recent developments at low-cost airline AirAsia India in the last month have taken the aviation industry by surprise. A few weeks ago, the airline announced a brand new management team. And then last week, Tata Sons increased its stake - a second time in a year. As things stand, Tata Sons now owns 49 per cent in the airline, as does Malaysia's AirAsia Berhad. A third partner - after a shaky partnership - has finally exited the venture.
KUALA LUMPUR (April 4): The FBM KLCI rose 0.51% at the midday break today in line with the firmer regional markets.
KUALA LUMPUR (April 4): AirAsia Bhd gained as much as six sen or 3.3% among the bourse's most-actively traded counters after the budget airline proposed to place out 559 million new shares to major shareholders.
KUALA LUMPUR (April 4): The FBM KLCI reversed its loss at mid-morning and stayed above its 1,710 support level.
KUALA LUMPUR: Shares of AirAsia Bhd climbed in early Monday trade as investors were positive about the corporate proposal to place out new shares to the founders to raise RM1bil.
KUALA LUMPUR (April 4): The FBM KLCI is expected to trend sideways today with support seen at the 1,710 point level.
Long-time partners: AirAsia says it will issue 559 million new shares in a share placement exercise at RM1.80 a share to Tune Life, owned equally by both Kamarudin (left) and Fernandes.
Leong, who was formerly Firefly managing director (2007-2011) is now heading the loyalty programme for AirAsia.
KUALA LUMPUR (April 1): Based on corporate announcements and news flow today, companies that may be in focus on Monday (April 4) could include the following: GenM, Sumatec, SunCon, AirAsia and Tan Chong, Scomi Engineering and Texchem.
AirAsia proposed to issue 559 million new shares to group chief executive Tony Fernandes and chairman Kamaruddin Meranun
SUBANG (April 1): Japan's Panasonic Malaysia Sdn Bhd expects sales of its consumer electronic products to grow at a slower pace for the current financial year ending March 31, 2017 (FY17), due to weaker consumer sentiment.
KUALA LUMPUR (April 1): AirAsia Bhd has entered into a share subscription agreement with its founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun to raise RM1.01 billion.
Asia's biggest budget airline proposed to issue 559 million new shares to Group Chief Executive Tony Fernandes and Chairman Kamaruddin Meranun, which will boost their combined stake to 32.4 per cent from 18.9 per cent. — Picture by Yusof Mat Isa KUALA LUMPUR, April 1 — Malaysian budget airline AirAsia Bhd has agreed to raise RM1 billion through a share sale to its founders as part of a strategy to cut debt, one day after Reuters reported the company planned to raise funds.
KUALA LUMPUR (BLOOMBERG) - AirAsia Bhd, the continent's biggest budget airline, is planning to raise more than US$200 million (S$269.7 million) by selling stock to its largest shareholder in a private placement, according to a person familiar with the matter.