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AirAsia was established in 1993 and began operations on 18 November 1996. It was founded by a government-owned conglomerate, DRB-HICOM. On 8 September 2001, the heavily indebted airline was bought by former Time Warner executive Tony Fernandes and Kamarudin Meranun's[7] company Tune Air Sdn Bhd for the token sum of one ringgit (about US$0.26 at the time) with US$11 million (MYR 40 million) worth of debts.[8] The partners turned the company around, producing a profit in 2002 and launching new routes from its hub in Kuala Lumpur, undercutting former monopoly operator Malaysia Airlines with promotional fares as low as MYR 1 (US$0.27). In 2003, AirAsia opened a second hub at Senai International Airport in Johor Bahru and launched its first international flight to Bangkok.

AirAsia subsequently started its Thai AirAsia affiliate, and began flights to Singapore and Indonesia. Flights to Macau started in June 2004, and flights to mainland China (Xiamen) and the Philippines (Manila) in April 2005. Flights to Vietnam and Cambodia followed in 2005 and to Brunei and Myanmar in 2006, the latter by Thai AirAsia. In August 2006, AirAsia took over Malaysia Airlines's Rural Air Service routes in Sabah and Sarawak, operating under the FlyAsianXpress brand. The routes were returned to MASwings a year later, citing commercial reasons.

At the end of 2006, Fernandes unveiled a five-year plan to further enhance AirAsia's presence in Asia.[9] Under the plan, AirAsia proposed enhancing its route network by connecting all of its existing destinations throughout the region and expanding further into Vietnam, Indonesia, Southern China (Kunming, Xiamen, Shenzhen) and India. Through its sister companies, Thai AirAsia and Indonesia AirAsia, the plan called for a focus on developing its hub in Bangkok and Jakarta. With increased frequency and the addition of new routes, AirAsia increased passenger volume to 13.9 million in its 2007 fiscal year.[10]

During 2007, passengers from "The Barrier-Free Environment and Accessible Transport Group" protested against the airline over its refusal to fly passengers who were completely immobile.[11] They claimed that people with disabilities were discriminated against when booking tickets online; the CEO of the airline said it did not turn away passengers in wheelchairs.[12]

On 27 September 2008, the company announced 106 new routes to be added to its list of 60. The number of old routes discontinued has not been disclosed.

In August 2011, AirAsia agreed to form an alliance with Malaysia Airlines by means of a share swap.[13] The alliance was struck down by the Malaysian government, in effect voiding the agreement of both airlines.

By early 2013, AirAsia's profits increased by 168% on a year-over-year basis compared to the same period in 2012. For the quarter ending 31 December 2012, the airline's net profit stood at 350.65 million ringgit (US$114.08 million). Despite a 1% rise in the average fuel price, the airline recorded profits of 1.88 billion ringgit for its full 2012 fiscal year.[14]

In February 2013, AirAsia submitted an application to the Indian Foreign Investment Promotion Board, through its investment arm, AirAsia Investment Limited, to seek approval for commencing its operations in India.[15] AirAsia asked to take a 49% stake in the Indian sister airline, which was the maximum allowed by the Indian government at that time.[16] AirAsia committed to invest up to US$50 million in the new airline. Operations would begin in Chennai, expanding its network throughout South India, where AirAsia already operates flights from Malaysia and Thailand.[17] In 2019, AirAsia opened its first restaurant that serves plane food in Kuala Lumpur.[18]

https://en.wikipedia.org/wiki/AirAsia

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Stock: [HLT]: HLT GLOBAL BERHAD

2020-05-23 05:58 | Report Abuse

So Paktua.. your games was Dollar Cost Averaging....

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Stock: [CAPITALA]: CAPITAL A BERHAD

2020-03-19 10:34 | Report Abuse

enter at 30 sen boleh kaaa?

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Stock: [CAPITALA]: CAPITAL A BERHAD

2020-03-10 11:33 | Report Abuse

looking forward 85 sen

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Stock: [CAPITALA]: CAPITAL A BERHAD

2020-03-08 12:30 | Report Abuse

by the time pilot push the throttle and level up the flight.. then this will back to normal.. so waiting the AirAsia to hit lower safe fly zone..

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Stock: [PETRONM]: PETRON MALAYSIA REFINING & MARKETING BERHAD

2018-06-21 14:03 | Report Abuse

i am waiting at RM5... see you there..

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Stock: [GENETEC]: GENETEC TECHNOLOGY BERHAD

2016-11-04 10:06 | Report Abuse

Last April should making profit...i am so tamak.. buy at 1.35 and sell at 0.99, now going down to ground and still deep to reach...... luckly sell it before loss more... and i am no more holding this stock.... think twice before buy this counter..

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Stock: [GENETEC]: GENETEC TECHNOLOGY BERHAD

2016-10-25 21:17 | Report Abuse

operator buy 0.99 at 100 unit after down to earth at 0.95

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Stock: [GENETEC]: GENETEC TECHNOLOGY BERHAD

2016-10-19 22:40 | Report Abuse

going down to earth.... bye bye..

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Stock: [GENETEC]: GENETEC TECHNOLOGY BERHAD

2016-10-11 19:59 | Report Abuse

waiting sooooooooo long already....... mana operator ni....???