5238 AAX
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AAX News
Capital A and AAX Active, Advance in Post Merger Trade
Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.
More Work Lies Ahead for PN17 Capital A, Say Analysts
AFTER much anticipation, Capital A Bhd has finally revealed its plan to exit its Practice Note 17 (PN17) status for financially distressed companies. The low-cost carrier is proposing to sell its aviation business to sister company, AirAsia X Bhd (AAX), for RM6.8 billion through a share and novat...
AAX, Capital A Lift off on Merger Proposal to Extend Rally
Shares of Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday's morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.
AirAsia X Logs Best Day in Six Months on Capital A Restructuring
Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.
Capital A's Proposed Aviation Business Sale Looks Positive -- Market Talk
Capital A's proposed sale of its aviation business to AirAsia X for MYR6.8 billion looks "overall positive," Hong Leong IB analyst Daniel Wong says in a note.
Merger of Airlines Alone Enough to Reverse All of Capital A's Negative Equity, Says Fernandes
The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.
MY Morning Wrap | AirAsia X Announces Mechanics of Planned Takeover of Capital A's Aviation Business
Stocks to watch: AirAsia X, Capital A.
Malaysia's Aviation Industry at Risk Amid Full-blown Middle East Crisis — Maybank IB
The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).
Maybank IB Maintains Positive View on Aviation Sector
Maybank Investment Bank Bhd (Maybank IB) maintained its positive view on the aviation sector amid rising tensions in the Middle East, potential impacts on passenger traffic to and from the region, alongside fluctuations in jet fuel prices.
Local Airlines May Feel Heat From Rising Oil Prices as Middle East Tensions Simmer — Analysts
KUALA LUMPUR (April 16): Malaysian airlines will be hurt by higher fuel costs, even as escalating geopolitical tensions in the Middle East are not expected to dent ticket sales, analysts said.
MY Morning Wrap | MKH Oil Palm Plans to Raise RM136.4 Million Through IPO
Stocks to watch: Capital A, AAX.
Capital A, AirAsia X extend negotiation period for airline biz merger again
The negotiation period for Capital A Bhd’s sale of AirAsia's aviation business to AirAsia X Bhd (AAX) has been extended for the second time to April 30, 2024, the two listed companies said.
Malaysia Aviation Group Posts First Annual Net Profit in Decade
Malaysia Aviation Group (MAG) has, for the first time since 2014, recorded an annual net profit — of RM766 million in 2023, compared with a net loss of RM344 million in 2022 — driven by robust traffic in the premium segment, active capacity management and stronger yield.
Malaysia Airlines Teams up With Google to Drive Digital, Tourism Growth
Malaysia Airlines and multinational technology corporation Google have forged a collaboration to accelerate Malaysia's ascent as a top-tier tourism destination while driving digital evolution within the aviation sector.
Capital A, AirAsia eye expansion to Singapore, Viet Nam
AirAsia X Faces Trading Halt as Shares Plummet on 82% Profit Slump
Intra-day short-selling (IDSS) activities involving AirAsia X Bhd (AAX) have been halted as the stock experienced a substantial decline to its lowest level in almost 10 months.
AAX's Intra-day Short-selling Suspended as Shares Dive to Lowest in 10 Months
Intra-day short-selling (IDSS) of AirAsia X Bhd (AAX) has been suspended, after the counter sank to its lowest in nearly 10 months amid active trades on Friday, after the mid-haul low-cost airline reported a 82% year-on-year (y-o-y) slump in its fourth quarter net profit as expenses surged ahead of revenue growth.
Domestic airfares - the only way is up
AIRASIA UNVEILS STRATEGIC FOCUS ON ENHANCING CONNECTIVITY FROM SINGAPORE TO INDIA
AirAsia Offers 8-hour Flash Sales to Almaty
AirAsia is offering a flash sale to Almaty in Kazakhstan, starting from RM88 all-in one-way fare. The flash sale is from 10am until 6pm on Friday.
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