AirAsia announced (15-Jan-2010) 50.36% of the issued and paid-up share capital of the carrier were held by foreigners as at 31-Dec-2009, thus exceeding the 45% limit of the carrier's total issued and paid-up share capital. Pursuant to the Securities Industry (Central Depositories) (Foreign Ownership) Regulations 1996, shares held by foreigners which are within the Prescribed Limit shall be entitled to all rights and entitlements attached to the shares. However, shares held by foreigners which have exceeded the limit shall also be entitled to all such rights and entitlements, except for the exercise of voting rights. [more]
AirAsia announces foreign ownership exceeds limits
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Malaysia Airlines new narrowbody strategy: higher 737-800 utilisation, density, 737 MAX, A321neoLR
Malaysia Airlines' order for at least 25 737 MAX aircraft is one of several components of a new narrowbody strategy that positions the airline for a return to growth and profitability. Malaysia Airlines has initially allocated 10 aircraft from the new order for growth but has the flexibility to accelerate expansion depending on market conditions and its ability to meet cost reduction targets.
The new aircraft are expected to generate further cost reductions in its short and medium haul operation through efficiency improvements and higher seating density. Malaysia Airlines has already significantly cut the cost of its 737-800 operation by renegotiating contracts with leasing companies and other suppliers and increasing crew efficiency.
Further cost reductions in the 737-800 operation are expected in 2017 through higher aircraft utilisation rates, reconfigurations that will result in higher seat counts for approximately 24 aircraft and a new maintenance joint venture. Malaysia Airlines plans to pursue modest capacity increases in 2017 and 2018 using the existing 737-800 fleet and start using the 737 MAX to grow capacity further in 2019. It is also looking at ordering at least 10 A321neoLR aircraft, which would generate further growth and be used on medium haul routes that are not within range of the 737 MAX.
Malaysia Airlines new network strategy: expansion to resume in 2017, with focus on China and India
Malaysia Airlines plans to resume network and capacity expansion in 2017, with a focus on medium haul routes to India and North Asia. The airline is considering several new routes – primarily to secondary cities in China and India – and may also add capacity to some existing North Asian destinations.
Capacity is projected to increase by 3.5% to 4% in 2017, generated by aircraft utilisation improvements. Malaysia Airlines expects significant utilisation improvements on the 737 fleet as new crew bases are opened in secondary cities throughout Malaysia.
The rate of capacity growth is relatively modest but follows a period of sharp cuts, and signifies that Malaysia Airlines is entering a new phase in its restructuring. The airline expects to carry approximately 13 million passengers in 2016, compared with a high of 17.2 million in 2013.