Thai shares shed 3.3 per cent of their value on Monday after a government think tank revealed that the economy had entered a recession for the first time since 2008.

Careful now!

Y on Y Indonesia inflation, another component that affects airfares, stood at 8.61 percent in July while inflation for the year-to-date has reached 6.75 percent.

The depreciation of the rupiah against the dollar has also contributed to the airline’s operating costs.

The rupiah traded at 10,533 per US dollar on Monday, the lowest level since 2009.

Indonesian airlines are demanding the government immediately raise the price ceiling for scheduled flight services to help them cope with increasing fuel prices, the depreciation of the national currency against the US dollar and inflation.

The price of every cost component has increased. The price of avtur [aviation turbine fuel], for instance, has exceeded Rp 10,000 (95 US cents} per liter in the past six months and in some areas it has reached Rp 11,000.

Avtur prices have continued to fluctuate between Rp 9,500 and Rp 10,000 since last year.

Brent crude oil was trading at US$111.17 a barrel in London on Monday, a 0.05 percent increase from Sunday.

This is the highest level since April due to combined factors including the unrest in Egypt and seasonal North Sea maintenance according to the ICE Futures Exchange in London.

Hmmmmmm......!!

Any latest news on Zest Air, folks?

As reported Zest Air claimed it has been losing P70 million a day in revenues.

Remember folks, Zest Air was suspended on 16 August? This is the fifth day!

The aviation industry AA India, the launch of which is expected to take place by the end of this year.

While Jet Airways recently put on sale seven lakh tickets at a competitive price, Spicejet yesterday announced a host of facilities like empty seat option (ESO) and flexibility reward option (FRO) among others in a bid to retain its customer base.

Spicejet, which soft-launched the facilities around two weeks ago, formally launched them in the Capital today.

It will allow customers the option of having the adjacent seats empty at a reasonable price of 250 rupees (US$3).

Well folks, competition is good for customers!

Budget carrier AA Japan is being rebranded as Vanilla Air, the airline announced today, with its president saying that vanilla is "loved by everyone in the world".

Executives chose Vanilla Air from over 200 other names, taking a month and a half to decide.

"We chose vanilla as our brand name because it is popular and loved by everyone in the world," the airline's president Tomonori Ishii told a news conference in Tokyo.

"I think it is a very cute name."

What say you, folks! Hahahahahahahahah!!

Remember folks, never invest in a business you cannot understand.

The cost environment for AA remains hostile with high fuel prices compounded by a weak Ringgit, Rupiah & Peso!

Remember folks, 51.92% of the issued and paid-up share capital of AirAsia of 2,780,534,580 ordinary shares of RM0.10 each were held by foreigners.

The foreign funds are selling slowly & surely. Sooner or later the local funds will follow! careful now!

Investors have short memories!! Wakakakakakakakakak!!

JF Apex Securities Head of Research Lee Chung Cheng said foreign investors redeemed their holdings on the Asian market on uncertainty over the timing of when the US Federal Reserve would its stimulus package.

"Foreign investors are exiting the Asian market due to deteriorating economic conditions," he told Bernama.

Heheheheheheheh!!

Airline operation requires heavy funding. For fear, the European and American market will close up on Air Asia's funding for many issues on their operations including safety, Tony F went for the regional bourses.

It could serve to by-pass local regulatory restrictions and a useful "arm twisting" as he threatened to move to Indonesia.

Read more here: http://anotherbrickinwall.blogspot.com/2013/08/zestful-indifference-to-safety.html

Folks, the ringgit opened sharply lower against the US dollar in early trading today on weaker demand from investors

The ringgit fell against the US dollar to 3.2850/3.2980 from 3.2748/2778 at Friday's close.

This will make the financing & fuel costs even more expensive for AA, folks!

Folks, with a rise in jet fuel price & to make matter worse the depreciation of the ringgit, rupiah & peso meant that AA did not see any benefit from increase in passengers carried.

So how?

Folk, the wise things to do when investing is to use your head & not to follow your emotions! Also never fall in love with any stock especially an airline stocks. A touch and go is recommended!

Heheheheheheeh!!

Flight cancellation by AA Group to & from Kuala Lumpur!

AK 1487 19/08/2013 11:25 PM SIEM REAP-KUALA LUMPUR CANCELLED
AK 5133 19/08/2013 09:00 PM K. KINABALU-KUALA LUMPUR CANCELLED
AK 5213 19/08/2013 07:20 PM KUCHING-KUALA LUMPUR CANCELLED
QZ 8162 19/08/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED
AK 5115 19/08/2013 02:00 PM K. KINABALU-KUALA LUMPUR CANCELLED
AK 1826 19/08/2013 07:00 AM SINGAPORE-KUALA LUMPUR CANCELLED
AK 1455 19/08/2013 12:00 AM HO CHI MINH-KUALA LUMPUR CANCELLED

AK 5134 19/08/2013 09:25 PM KUALA LUMPUR-K. KINABALU CANCELLED
AK 1454 19/08/2013 07:40 PM KUALA LUMPUR-HO CHI MINH CANCELLED
AK 1486 19/08/2013 06:35 PM KUALA LUMPUR-SIEM REAP CANCELLED
AK 9802 19/08/2013 06:00 PM KUALA LUMPUR-MANILA CANCELLED
QZ 8163 19/08/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED
AK 5212 19/08/2013 03:25 PM KUALA LUMPUR-KUCHING CANCELLED
AK 5114 19/08/2013 02:25 PM KUALA LUMPUR-K. KINABALU CANCELLED
AK 1336 19/08/2013 06:55 AM KUALA LUMPUR-SOLO CITY CANCELLED
D7 0170 19/08/2013 02:35 AM KUALA LUMPUR-JEDDAH CANCELLED

View more here: http://flight.klia.com.my/fids.aspx

Folks, ‘Siapa makan cili, dia terasa pedas’. Anyway I will have a good sleep tonite & hope you all do! Chou!!!!!

Folks, the primary reason for the increase in operating expenses for AA will be a rise in fuel costs due to the weakening of the ringgit!

Adding to the misery will be borrowings in foreign currency! Careful now as only time will tell!

Hahahahahahahahahahha!!

Investors have short memories!

Its far better to buy a wonderful company at a fair price than a fair company at a wonderful price!

Are you with me, folks? Heheheheheheheheheh!!

Folks, only when the tide goes out do you discover who's been swimming naked!

Wakakakakakakak..... Folks, if you think today is cheap, the coming day will be even cheaper!

Remember folks, take profit while you can and never fall in love with AA! The signs are there so be extra careful!

Heheheheheheheh!!

Investors have short memories!!

The ringgit opened sharply lower against the US dollar in early trading today.

The ringgit fell against the US dollar to 3.2800/2830 from 3.2748/2778 at Friday's close.

For the 1QE13 the Group’s total debt was RM8.5 billion. Borrowings are denominated in US Dollar (predominantly), RM and Euro.

Remember folks, as reported in the 1QE13, the profit fell 39% due to foreign exchange loss on borrowings. Ringgit was trading at the average price of 3.2216 against the US dollar for that quarter.

Careful now as finance costs in foreign currency is getting more and more expensive Q to Q!

With the latest pathetic PR stunt in handling their own crisis management at Manila Airport, which resemble an amateur businessman on The Apprentice, we would have said it loudly in the AGM, "Tony F ... you're fired!"

Aging fleet:-
A320-232 Delivered:13-12-08 Age: 9.8 Years - Leased from Asiawide
A320-214 Delivered:25-06-13 Age:13.1 Years - Leased From AirAsia
A320-232 Delivered:08-01-09 Age: 9.8 Years
A320-232 Delivered:04-06-09 Age: 4.9 Years
A319-132 Delivered:02-09-10 Age:14.0 Years - Leased from Volito avia
A320-232 Delivered:16-12-10 Age: 2.7 Years - Leased from Asianwide
A320-232 Delivered:22-12-10 Age: 9.8 Years
A320-232 Delivered:14-07-11 Age:16.5 Years - Leased from Aircastle
A320-233 Delivered:14-11-11 Age:15.9 Years
A320-232 Delivered:10-09-11 Age:15.1 Years - Leased from Volito avia
A320-233 Delivered:16-05-12 Age:15.1 Years
A320-232 Delivered:18-10-12 Age: 7.9 Years- Leased from Airspeed

Read more here: http://anotherbrickinwall.blogspot.com/2013/08/tony-f-youre-fired.html

AA bite off more than AA can chew? Time will tell, folks!

The beginning of the downtrend, folks! Well only time will tell! Careful now!

Investors Have short memories!

Never I repeat never fall in love with stocks! Just touch & go policy! Wakakakakakakakakakak!!

Careful now as AA bite off more than AA can chew. The signs are clear & only time will tell!

Wakkakakakakakakakakakak!!!!!!

1. In May, Yao entered into a deal with Philippines' AirAsia Inc., unit of AA Berhad of Malaysia, giving the latter 85% economic interest and 49% voting interest in Zest Air as well as 100% interest in Asiawide Airways Inc.

2. In exchange, Yao got cash and 13% interest in PH AA, which operates out of the Clark International Airport in Pampanga.

3. On 2 August 2013, CAAP placed Zest Air under surveillance as it works to enhance aviation safety standards.

4. Zest Airways placed under heightened surveillance by the Civil Aviation Authority of the Philippines after the airline cancelled several flights over the past weeks.

5. Zest Air cancelled 8 flights on Thursday (August 1) alone due to "aircraft situation."

6. In July, the carrier cancelled a total of 33 flights.

7. "We will have to check them before they are sanctioned," CAAP Andrews noted.

8. But other industry observers are not convinced that the cancellations are due to mechanical problems.

9. Some are suggesting that the airline is not generating enough passengers to operate their flights feasibly which is the true cause behind the flight cancellations as the airline is trying to control costs.

10. On 16 August 2013, CAAP suspended Zest Air's air operator certificate after the agency’s monitoring revealed that the carrier committed a series of serious deviations and infractions of the rules and standards prescribed under the Philippine Civil Aviation Regulations.

What next, folks? Hmmmmmmmmmmmmmmmmmmmmmmmm......

Folks, since being handed an indefinite suspension on Friday, Zest Air claimed Sunday, August 18, it has been losing P70 million a day in revenues.

Aside from stalled operations, Zest Air Director Josephine Joy Caneba told DZBB refunds and flight transfers for passengers are contributing to the losses.

In an interview with radio dzMM, Zest Air director Joy Caneba said more than 2,000 passengers were affected on Friday, and then 7,600 on Saturday and 7,900 on Sunday.

It is glaringly obvious that Fernandes is not entirely honest about himself and how he does things. This include “Screwing up”. Probably he should get his act and his house in the right order first, before making another arrogant statement or call.

This include the failed acquisition of Batavia Air, failed joint venture with All Nippon Airways on Air Asia Japan and the delay in Air Asia Indonesia IPO. It is utter shame to self-proven otherwise now, wouldn’t it?

Read more here: http://bigdogdotcom.wordpress.com/2013/08/18/kapal-karam/

AA dispatched two flights to rescue over 100 stranded Malaysia bound passengers of troubled budget carrier Zest Airways.

Folks, the fact is that the decision to send AA aircrafts and fly the Zest Air stranded Malaysia bound passengers from Ninoy Aquino Terminal 4 shouldn’t be viewed as ‘rescue’.

AA is mere completing its obligation as a partner of Zest Air.

It is expected of AA to uphold its corporate responsibility as a partner in Zest Air, to ensure that the contractual obligation of ferrying passengers and goods to the scheduled destination is being fulfilled.

This is not the first time AA “Being reprimanded for safety issues”.

On 26 September 2012, AA lost its Airline Operation Certificate and DCA had to issue a six month interim AOC because of obsolete and compliance of flight operations manual.

Folks, AA India will not receive its airline licence for some more time, potentially delaying its launch, because the proposed venture has just applied for security clearance for chairman S. Ramadorai.

The airline applied for security clearance for other members on its board in the second half of April.

Ramadorai, the former CEO of Tata Consultancy Services Ltd, was appointed chairman of the airline later, on 17 June, but AA India didn't seek security clearance for him immediately.

Cheeking or insulting, folks?

AAX has been asked to remove advertising that encourages people to travel abroad rather than to our South Australian regions.

Opposition Leader Steven Marshall said the advertising is "absolutely unacceptable".

"Our State Government spends millions of dollars each year promoting South Australian destinations yet they're having a go on the back of buses saying it's cheaper to fly to Asia than to go to Kangaroo Island," he said.

Slogans like "Kangaroo Island or Kuala Lumpur?", "Port Lincoln or Phuket?" and one telling us AA X has "More awards than a Barossa Shiraz" have been splashed on buses and taxis across Adelaide.

Hmmmmmmm...... Heheheheehehe!!

The Supreme Court today asked former MP Subramanian Swamy to move the Delhi High Court with his plea challenging clearance given to proposed low-cost airline AA India.

In his PIL, Swamy has challenged the clearance granted to the proposed airline on the ground that according to the policy, foreign investment is only permitted for an existing airline but AA India was not an existing carrier.

Read more here: http://www.business-standard.com/article/politics/sc-asks-swamy-to-move-delhi-hc-on-his-plea-against-airasia-113081600376_1.html

Folks, AA India is now waiting for the no objection certificate (NOC) from the ministries of home affairs and civil aviation, after which it has to get the air operator’s permit from the Director General of Civil Aviation (DGCA), which is the flying licence, Chandilya told reporters here on the sidelines of a function.

“I was hoping for before Diwali, but I am not sure. We are waiting for the NOC clearance and it really depends on that,” he added.

“I will never launch this airline until we are absolutely ready commercially, as well as operationally, from a safety stand point. So, if that means that I am delayed to a later point, I would rather do that and take the loss initially.”

Folks, AA India that was expected to launch operations before Diwali (November 3) this year, may postpone its take-off due to delays in regulatory clearances.

The company, which has so far recruited 200 staff, is expected to have around 470 employees by the time it starts the first phase of operations, said Mittu Chandilya, CEO AA India.

Flight Cancellation on Saturday & Sunday, Folks!

AK 5121 17/08/2013 10:40 PM K. KINABALU-KUALA LUMPUR CANCELLED
AK 5133 17/08/2013 09:00 PM K. KINABALU-KUALA LUMPUR CANCELLED
AK 5213 17/08/2013 07:20 PM KUCHING-KUALA LUMPUR CANCELLED
D7 0303 17/08/2013 07:15 PM HANGZHOU-KUALA LUMPUR CANCELLED
QZ 8162 17/08/2013 04:15 PM JAKARTA-KUALA LUMPUR CANCELLED
AK 1455 17/08/2013 12:00 AM HO CHI MINH-KUALA LUMPUR CANCELLED

AK 1825 17/08/2013 10:40 PM KUALA LUMPUR-SINGAPORE CANCELLED
AK 5134 17/08/2013 09:25 PM KUALA LUMPUR-K. KINABALU CANCELLED
AK 1454 17/08/2013 07:40 PM KUALA LUMPUR-HO CHI MINH CANCELLED
AK 1440 17/08/2013 06:30 PM KUALA LUMPUR-HANOI CANCELLED
AK 5120 17/08/2013 05:10 PM KUALA LUMPUR-K. KINABALU CANCELLED
QZ 8163 17/08/2013 04:40 PM KUALA LUMPUR-JAKARTA CANCELLED
AK 5212 17/08/2013 03:25 PM KUALA LUMPUR-KUCHING CANCELLED


AK 1487 18/08/2013 11:25 PM SIEM REAP-KUALA LUMPUR CANCELLED
AK 5133 18/08/2013 09:00 PM K. KINABALU-KUALA LUMPUR CANCELLED
QZ 8297 18/08/2013 08:20 PM SURABAYA-KUALA LUMPUR CANCELLED
QZ 8206 18/08/2013 07:35 PM JAKARTA-KUALA LUMPUR CANCELLED
AK 5213 18/08/2013 07:20 PM KUCHING-KUALA LUMPU CANCELLED
AK 1826 18/08/2013 07:00 AM SINGAPORE-KUALA LUMPUR CANCELLED
AK 1441 18/08/2013 01:15 AM HANOI-KUALA LUMPUR CANCELLED
AK 1455 18/08/2013 12:00 AM HO CHI MINH-KUALA LUMPUR CANCELLED

AK 5134 18/08/2013 09:25 PM KUALA LUMPUR-K. KINABALU CANCELLED
QZ 8298 18/08/2013 08:45 PM KUALA LUMPUR-SURABAYA CANCELLED
QZ 8207 18/08/2013 08:20 PM KUALA LUMPUR-JAKARTA CANCELLED
AK 1454 18/08/2013 07:40 PM KUALA LUMPUR-HO CHI MINH CANCELLED
AK 5212 18/08/2013 03:25 PM KUALA LUMPUR-KUCHING CANCELLED

View here: http://flight.klia.com.my/fids.aspx

Zest Air Fleet

A320-232 Delivered:13-12-08 Age: 9.8 Years - Leased from Asiawide
A320-214 Delivered:25-06-13 Age:13.1 Years - Leased From AirAsia
A320-232 Delivered:08-01-09 Age: 9.8 Years
A320-232 Delivered:04-06-09 Age: 4.9 Years
A319-132 Delivered:02-09-10 Age:14.0 Years - Leased from Volito avia
A320-232 Delivered:16-12-10 Age: 2.7 Years - Leased from Asianwide
A320-232 Delivered:22-12-10 Age: 9.8 Years
A320-232 Delivered:14-07-11 Age:16.5 Years - Leased from Aircastle
A320-233 Delivered:14-11-11 Age:15.9 Years
A320-232 Delivered:10-09-11 Age:15.1 Years - Leased from Volito avia
A320-233 Delivered:16-05-12 Age:15.1 Years
A320-232 Delivered:18-10-12 Age: 7.9 Years- Leased from Airspeed

Remember folks, in the August 16 report, the airworthiness inspectors said it found continuing safety violations made by ZestAir and recommended the immediate suspension of its operations.

View here: http://www.abs-cbnnews.com/business/08/16/13/caap-orders-suspension-zestair-operations

Investors have short memories!!

Price Targets:-

16/08/2013 3.94 - RHB (1)
04/07/2013 3.16 - KENANGA
27/06/2013 2.80 - AMMB (Lowest TP)
26/06/2013 4.16 - TA
26/06/2013 2.90 - HWANGDBS
26/06/2013 3.08 - HLG
26/06/2013 4.20 - ALLIANCE (Highest TP)
21/06/2013 3.94 - RHB (2)
21/06/2013 4.00 - CIMB
12/06/2013 3.98 - MIDF
11/06/2013 4.20 - ALLIANCE
07/06/2013 3.08 - HLG
23/05/2013 3.94 - RHB (3)
23/05/2013 3.00 - MAYBANK

Careful now, folks!

Cheers folks! Have a great weekend! I definately will and hope so do you, folks! Chou!

Investors have short memories!

Latest: MANILA (Philippines): Air Asia dispatched two flights to rescue over 100 stranded Malaysia bound passengers of troubled budget carrier Zest Airways here today.

Yesterday, the suspension of Zest Air, the Philippines' unit of Malaysian brand carrier Air Asia, left many passengers stranded at Ninoy Aquino International Airport here.

Hundreds were seen lining up at its ticketing office outside Terminal 4 where the airline runs its nine domestic routes as well as two international destinations to Kuala Lumpur and Kota Kinabalu.

It was estimated some 7,200 passengers, who were booked in 80 flights, would be affected by the suspension, including 1,429 in 14 flights on Friday night. Well folks, AA action would not solve the main key issue! Zest Air safety standards!

Investors have short memories!!

Earlier news on Zest Air. Philippine budget carrier grounded on 'safety' issues - Fri, Aug 16, 2013

Budget Philippine carrier Zest Air was banned from flying over safety infractions, effective immediately, the country's aviation regulator said on Friday.

The small airline is suspended over incidents that compromised several flights as well as other violations of air safety rules, Civil Aviation Authority of the Philippines deputy director-general John Andrews said in a letter to operator Zest Airways Inc.

"(Your) Air Operator Certificate is suspended and (you are) hereby precluded to engage in air carrier operations ... until this Authority is assured that the necessary corrective actions and compliance with aviation safety standards have been undertaken," Andrews said.

Five Zest Air domestic flights were grounded between July 22 and August 13 due to problems ranging from hydraulic systems issues, fuel overflow, and a missing fuel coupling cap, Andrews said.

A Zest Air plane was also found refuelling on Wednesday while its passengers were on board, he added.

Zest Air pilots, meanwhile, were found to have exceeded the flying time limit of 100 hours per month "due to (a) rise in flight operations and flight crew shortage". Twenty-four of its pilots exceeded the monthly limit last year, Andrews said.

Meanwhile, the regulator said Zest Air had failed to appoint an "accountable manager" after the resignation of its previous executive on July 19.

Andrews said the manager is responsible for "ensuring that all flight operations and maintenance activities can be financed and carried out to the highest degree of safety standards.

Malaysia-based Air Asia, Southeast Asia's biggest budget carrier, bought a 49 percent stake in Zest Airways in March.

Investors have short memories. Before the suspension this happened, folks! Old news dated 3 Aug 2013

MANILA, Philippines - The Civil Aviation Authority of the Philippines (CAAP) has put Zest Airways Inc. under “heightened surveillance due to several flight cancellations over the past few weeks.

John Andrews, CAAP deputy director general said in a text message that aviation officials are closely watching the operations of Zest Air due to flight cancellations due to mechanical problems over the past few weeks.

“Yes they are on heightened surveillance over cancelled flights,” Andrews said.

Yesterday alone, about six flights of Zest Air were cancelled due to “aircraft situation.” In July, Zest Air cancelled a total of 33 flights.

According to the CAAP official, the regulator would monitor the maintenance program of Zest Air. “We will have to check them before they are sanctioned,” Andrews added.

Zest Air has a fleet of 10 Airbus A320 and one A319 serving nine domestic destinations and five international routes via the Ninoy Aquino International Airport (NAIA) as well as hubs in Kalibo and Cebu.

The airline flies to Shanghai, Jinjiang, Incheon, Kota Kinabalu, and Kuala Lumpur as well as Bacolod, Cagayan de Oro, Cebu, Davao, Iloilo, Kalibo, Puerto Princesa, Tacloban, and Tagbilaran.

Last May, low cost carrier giant AirAsia Berhad of Malaysia through local arm Philippines’ AirAsia Inc. completed a deal entered into two months ago with Zest Air.

AirAsia that controls 40 percent of Philippines’ AirAsia has acquired an 85 percent economic interest and 49 percent voting rights in ZestAir as well as a 100 percent interest in Yao’s Asiawide Airways Inc.

There you go, folks! Careful now as with more negative than positive news next week will be a bad week for AA!

SAFETY VIOLATIONS: Hundreds stranded at Ninoy Aquino airport after suspension of airline
MANILA:THE suspension of Zest Air, the Philippines' unit of Malaysian brand carrier Air- Asia, left many passengers stranded at Ninoy Aquino International Airport here yesterday.

Hundreds were seen lining up at its ticketing office outside Terminal 4 where the airline runs its nine domestic routes as well as two international destinations to Kuala Lumpur and Kota Kinabalu.

Zest Air also flies to Incheon in Korea and Shanghai and Jinjiang in China via Terminal 3. It has a fleet of 10 Airbus A320 and one A319.

Passenger Gabriel Manuel, who had booked a morning flight to Cebu in central Philippines, said he came early to the airport but was informed by security officials to go to the ticketing office.

"I am still waiting for answers. But from what I have heard and read in the newspapers, the airline has been suspended because of safety violations," said the 38-year-old businessman.

Another stranded passenger Tim Lorenzo said airline staff had told them they would be booked into other flights, but had yet to get any confirmation or information from the carrier.

"I was asked to show my ticket and told to wait for their call. "That's it," said the machine operator, who was also on his way to Cebu.

Zest Air ground employees were also unable to tell passengers when the next available flights had been scheduled but pointed out that stranded passengers would be given food vouchers and accommodation if necessary.

Other domestic destinations that the airline operated are Bacolod, Cagayan de Oro, Davao, Iloilo, Kalibo, Puerta Princesa, Tacloban and Tagbilaran.

The airline was grounded since Friday from 6.15pm after it received orders from the Philippines' Civil Aviation Authority for various aviation safety violations.

Following the suspension, aircraft bound here were allowed to return but subsequently grounded. It was estimated some 7,200 passengers, who were booked in 80 flights, would be affected by the suspension, including 1,429 in 14 flights on Friday night.

Meanwhile, in an immediate response, Zest Air director Joy Caneba said the airline's priority was in providing those affected by the suspension with accommodation.

"Zest Air is also offering passengers the option of getting a full refund or being re-booked onto other airlines." Additional reporting by Carisma Kapoor

Read more: Zest Air passengers grounded in Manila - General - New Straits Times http://www.nst.com.my/nation/general/zest-air-passengers-grounded-in-manila-1.339664?localLinksEnabled=false#ixzz2cHpyBYwD

Investors have short memories!!!

For the 1QE13 the Group’s total debt was RM8.5 billion. Borrowings are denominated in US Dollar (predominantly), RM and Euro.

Important facts folks, forex, fuel & finance costs eroded AA gain from carrying more passengers!

Remember folks, the ringgit closed against US dollar at 3.2778 against the US dollar yesterday, recovering from recent steep losses which has been on a sliding trend since the middle of May.

For 1QE13, ringgit was trading at the average price of 3.2216 against the US dollar but the profit fell 39% due to foreign exchange loss on borrowings.

Jet fuel price:-

9 may - usd116

3 jun - usd112

25 jun - usd 114

17 jul - usd 120

12 aug - usd 125

So folks, what will the verdict be for fuel costs & forex loss during the 2QE13? Cheers now! Hehehehehehehehe!

Jet fuel price:-

9 may - usd116

3 jun - usd112

25 jun - usd 114

17 jul - usd 120

12 aug - usd 125

Cheers folks!!

To be continue on Monday. Good nite and do sleep well, folks! Hahahahahah!!

Investors have short memories!

Zest Air, formally Asian Spirit, is a LCC based in Manila. With hubs at Diosdado Macapagal International Airport, Kalibo International Airport and Manila’s Ninoy Aquino International Airport, Zest Air uses a fleet of narrow-body Airbus and MA regional aircraft to serve a network of domestic and regional destinations within the Philippines and Asia.

On 10-May-2013, AirAsia Group announced plans to integrate AirAsia Philippines into Zest in order to maximise fleet utilisation between both carriers and slot allocations from Manila.

The two airlines will remain separate with Zest falling under the AirAsia brand and AirAsia website.

Heheheheheheh!!

“With this partnership in place, other than our current base in Clark, Philippines’ AirAsia would be able to operate from the main airport in Manila as well. This helps us to attract feeder traffic into Clark and leverage on Zest Air’s attractive slots from Manila,” AirAsia Philippines CEO Hontiveros said in statement.

Hontiveros said tickets for ZestAir flights are now available on AirAsia website and will be part of the AirAsia Group’s network.

Folks, last time due to safety and management concerns the US Federal Aviation Authority downgrade the rating of the Philippines carriers to Category 2 from Category 1 in 2007, limiting U.S. bound flights.

In 2010, the European Union also blacklisted Philippine carriers. Maybe these are previous owners fault!

Now the Civil Aviation Authority of the Philippines has suspended Zest Airways Inc? Whose fault is it now?

Wakakakakakakak!!

Investors have short memories!

Businessman Alfredo Yao received US$16 million and a 13% stake in the Philippine unit of AirAsia the two parties completed their deal.

In a statement on Friday, May 24, AirAsia Philippines said the March 11 strategic alliance agreement with Yao's Zest Airways was completed last May 10.

AirAsia NOW CONTROLS Zest Air after the budget carrier acquired an 85% economic interest and 49% voting rights, as well as 100% stake in Yao's Asiawide Airways Inc.

AirAsia Group CEO Tony Fernandes owns 40% of the carrier, while Yao joins the other Filipino owners including Maan Hontiveros, Antonio “Tony Boy” Cojuangco Jr. and Michael Romero for the remaining 60%, each owning not more than 15%.

A raw or good deal, folks? Wakakakakakak!!

investros have short memories!!

Fernandes also expressed hope that the U.S. aviation watchdog will soon lift a ban on Philippine carriers from mounting additional flights to the U.S.

Safety and management concerns led the Federal Aviation Authority to downgrade the rating of the Philippines to Category 2 from Category 1 in 2007, limiting U.S.-bound flights from the country.

In 2010, the European Union also blacklisted Philippine carriers.

Now the Civil Aviation Authority of the Philippines has suspended Zest Airways!

Wakakakakakakakakak!!

Zest Air has a bigger fleet in the Philippines while AirAsia has a larger network and will make available its fleet of A320 aircraft to Zest Air, making the partnership a good marriage, Fernandes said.

"Good Marriage" meh? Wakakakakakakakak....what a joke, folks cos the Civil Aviation Authority of the Philippines has suspended Zest Airways!

1st AA Japan! Now Zest Air! Next AA India? Time will tell! Wakakakakakak!!

AA, the region's largest budget carrier, has expanded its foothold in the Philippines by acquiring 49 percent of local budget carrier Zest Airways Inc.

Philippines' AA Inc. CEO Marianne Hontiveros said that the deal signed Monday will complement AirAsia's growth strategies.....wakakakakakak!!

Zest Air operates 11 aircraft on 10 domestic and 10 international routes.

Under the deal, Zest Air will get a 15 percent stake in Philippines' AirAsia......Wakakakakaka!!

"I think size is everything. You've got to get your critical mass," AirAsia founder Tony Fernandes told reporters. He said that combining the resources of the two airlines "enables us to get that critical mass much quicker than if we did it organically."

Fernandes said that having access to Manila's airport will enable quicker growth for both airlines.

Short cut meh? So how now, AA kena kaw-kaw, folks? Wakakakakakakkakakakak!!!