Daily Briefing: AirAsia to resume Malaysia-Singapore flights; Biotech startup Gero raises $3.02m in series A round

5 Aug 2020 - Singapore Business Review
And e-learning marketplace ACKTEC secures undisclosed funding. From ChannelNewsAsia: AirAsia is gearing up for the resumption of flights between Malaysia and Singapore, including the Kuala Lumpur-Singapore route, following the decision to implement the Reciprocal Green Lane (RGL), the low-cost carrier ...
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Malaysia's AirAsia founders not taking salary; staff accepts up to 75% pay cut

12 Apr 2020 - The Edge Markets
(Apr 12): The founders of Malaysia’s AirAsia Group Bhd (AIRA.KL) will not take salaries and its staff has agreed to an as much as 75% cut in pay due to the impact of the novel coronavirus outbreak on the airline, its chief executive said late on Saturday. Tony Fernandes said in an Instagram post that ...
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Covid-19 could be impetus for MAS-AirAsia merger

27 Mar 2020 - The Edge Markets
(Mar 27): As airlines around the world take more drastic steps to continue operating as the Covid-19 outbreak virtually halts all travel, they are also calling for government support. Have a premium account? Sign in to continue reading. Unlimited access to all stories from $4.99/month* The latest reporting ...
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AirAsia CEO Fernandes and chairman step aside as Airbus bribery allegations probed

4 Feb 2020 - The Edge Markets
KUALA LUMPUR (Feb 3) AirAsia Group CEO Tony Fernandes and Chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of US$50 million ($68.5 million) to win plane orders from the company. A committee comprising the ...
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Malaysia regulator to probe if AirAsia broke rules in Airbus deals

2 Feb 2020 - The Edge Markets
KUALA LUMPUR (Feb 2): Malaysia’s securities regulator said on Sunday it will examine whether AirAsia Group and unit AirAsia X broke securities laws, after UK prosecutors accused executives of receiving bribes from Airbus for buying planes. The allegations came to light on Friday when Airbus agreed to ...
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Quick take: AirAsia shares jump 9% on special dividend

30 May 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd shares jumped almost 10% in early trade Thursday after the carrier announced a 90 sen special dividend. The budget carrier, one of the top gainers on Bursa Malaysia, rose 9.51%, or 25 sen to RM2.88. The counter is the most active with 37.4 million shares traded. AirAsia ...
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AirAsia jumps while KLCI treks higher on Petronas stocks

30 May 2019 - The Star Online
KUALA LUMPUR: AirAsia jumped in active trade early Thursday after declaring the special dividend of 90 sen a share, providing some support for the overall market despite the weaker key Asian bourses. At 9.31am, the KLCI was up 2.57 points or 0.16% to 1,626,24, underpinned by gains in Petronas Dagangan ...
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Affin Hwang Research upgrades AirAsia to buy, TP RM3.35

30 May 2019 - The Star Online
KUALA LUMPUR: Affin Hwang Capital Research has upgraded AirAsia Group to Buy with a target price of RM3.35 from RM2.86 for the generous dividend, solid operating performance and the bright prospects of its digital business. It said on Thursday AirAsia reported a lower 1Q19 core pretax profit of RM112m ...
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AirAsia aims to expand e-commerce beyond selling plane tickets

30 May 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd., Southeast Asia’s largest budget carrier, wants to sell more than cheap flight tickets. AirAsia is talking to potential partners to build an e-commerce app that it wants to see overtake the size of its airline business, Group Deputy Chief Executive Aireen Omar said in ...
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AirAsia Group Q1 net profit RM96m, declares 90c dividend

29 May 2019 - The Star Online
KUALA LUMPUR: AirAsia Group Bhd posted net profit of RM96.09mil in the first quarter ended March 31, 2019 but surprised shareholders with a special dividend of 90 sen a share. The low -cost carrier said on Wednesday its net profit was lower than the RM1.14bil a year ago which included a gain on a partial ...
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