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STATEMENT BY AIRASIA INDONESIA
Jakarta, 9 July 2015 – AirAsia Indonesia welcomes today’s clarification made by Indonesia’s Ministry of Transport on the support it would provide to thirteen airlines in improving their equity position.
Earlier this morning, Indonesia’s Ministry of Transport announced that the affected airlines are given until 31 July 2015 to turn their equity position from negative to positive. Should they be unable to meet the requirements by the deadline, Ministry of Transport will review the affected airlines’ requests for new route approvals.
Ministry of Transport will invite the affected airlines to present their business plan in order to ensure that the affected airlines have a well-defined plan to improve their equity position. It will assist, support, and nurse all the thirteen airlines until their equity positions have improved so that they are able to safeguard the level of services and safety standards expected of them.
Sunu Widyatmoko, President Director of AirAsia Indonesia said, “We would like to thank The Ministry of Transport for providing clarification on the steps they will take towards the affected airlines. AirAsia Indonesia is working out a plan to improve its equity position, and will present the final plan to the Ministry before the month end”
Sunu added, “We would like to assure that AirAsia Indonesia will never compromise on the safety of our passengers and the quality of services we provide. We will continue to maintain the best service quality possible, and to meet the highest global aviation safety standards. AirAsia Indonesia is committed to continue working closely with the regulators for the betterment of Indonesia’s aviation industry and related sectors.”
Media Contact
Audrey Progastama Petriny
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Discussions
Be the first to like this. Showing 3 of 3 comments
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If airline business cannot do.... immediately ask Muller to stop now.. no need to waste tax payers money to restructure MAS
2015-07-10 09:10
X
r°Moi .
The amount to be injected into IAA is called... INVESTMENT..... not write off... AirAsia will profit from this investment in future
10/07/2015 09:21
X
r°Moi .
IAA too big to fail....
Indon MOT is now going to assist... to support and to nurture
With government backing now... better than before
10/07/2015 09:24
X
r°Moi .
Interest at 4% and convertible to IPO share on 1 to 1 basis at par
Who will not buy this???
IAA will definitely get investors to take up their pre IPO bonds...
10/07/2015 09:26
X
r°Moi .
°Moi AirAsia..
Buy AirAsia for LOW JET FUEL PLAY
LOW JET FUEL PLAY.... which is sound
According to results....
Aircraft fuel expenses for 2014: 2,254,237,000
Say, fuel consumption remains more or less the same and say, the average jet fuel price has dropped a mere 25% (vs 50% for crude.. easier la like this no need to really know how many % is hedged at how much... a drop of 25% is reasonable)
So... 2,254,237,000 × 25% = 563,559,250 ie saving for 2015 roughly
The saving due to low fuel price for 2015 would be RM 563,559,250.... a bloody big figure no matter how you look at it
AirAsia's low jet fuel play is sound... and the main reason for all the IBs' Buy call
10/07/2015 11:38
r°Moi .
Reversion to fundamentals
The effect of GMTs BS is coming to pass.....
FA... Reversion to FA
.
10/07/2015 11:41
10/07/2015 11:59
X
r°Moi .
Reversion to fundamentals
The effect of GMTs BS is coming to pass.....
FA... Reversion to FA
And... all the investment banks have a TP about RM 2.00 at least
10/07/2015 12:05
2015-07-10 13:17
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r°Moi
r°Moi I am holding a lot of Airasia.... and still believe
Foreign funds and institutions hold more than 50% of AirAsia... you think it is easy to meet these funds investment requirements...
09/07/2015 17:31
http://www.bursamalaysia.com/market/listed-companies/company-announcements/4799181
2015-07-09 18:47