AirAsia X is reportedly considering listing on the Hong Kong or New York stock exchange, following proposals from foreign investment banks pitching to secure the mandate for the carrier’s IPO (The Star Online, 10-Jun-2010). The IPO is likely to value the carrier at USD500-600 million. AirAsia X is 48% owned by Aero Ventures Sdn Bhd, while Virgin Group and AirAsia Bhd each have a 16% stake in the LCC. Orix Group and Manara Consortium each own 10% stakes. The carrier will remain majority owned by Malaysians and is reportedly in talks with a Malaysian Government-linked fund to take up a strategic stake. Goldman Sachs, Credit Suisse and Royal Bank of Scotland have been lobbying for the IPO mandate.
AirAsia X considers listing on Hong Kong or New York stock exchange
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Malindo Air Part 3: interline partnerships drive new phase of growth for Lion Group’s Malaysian JV
Malaysia’s Malindo Air is focusing on partnerships both within and outside the Lion Group to help support accelerated growth. Malindo now accounts for approximately 8% of traffic at Kuala Lumpur International Airport (KLIA) and will soon link KLIA with over 30 destinations, making it attractive to foreign airlines seeking feed.
Malindo has implemented interlines with Turkish Airlines, Qatar Airways and Etihad Airways over the last four months. It is now in the process of implementing an interline agreement with Oman Air, and aims to have seven interlines in place by the end of 2016.
Malindo is also now working more closely with other airlines in the Lion Group. Malindo recently began selling connections beyond Bangkok on Thai Lion Air, and plans soon to begin selling connections beyond Jakarta on Batik Air.
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.