Going by past experience, the entry of a new airline into Malaysia's aviation market should be positive for Malaysia Airlines Holdings Bhd (MAHB) and negative for low-cost airline group Capital A Bhd
The research house added that sources say MyAirline could dethrone Capital A as the world's lowest-cost airline as it had secured low aircraft lease rates during the onset of the Russian-Ukrainian war, which saw lessors scrambling for lessees.
Nevertheless, it noted that the low aircraft lease rate should only apply to a handful of MYAirline's aircraft as further delivery of aircraft is likely to command higher lease rates.
Maybank IB maintained its "buy" calls on both MAHB and Capital A, and reiterated its positive view on the Malaysian aviation sector.
It trimmed its target price on MAHB to RM7.16 from RM7.25 while maintained Capital A's target price at 84 sen.
AirAsia X (AAX), the mid-range airline affiliate of AirAsia Aviation Group, is re-launching direct flights from Kuala Lumpur to Busan, South Korea, with three weekly flights, starting in early 2023.
MYAirline Sdn Bhd has been granted its initial air service licence (ASL) from the Malaysian Aviation Commission (Mavcom), effective Nov 15, 2022.
The airline added that it had earlier been awarded the Air Operator Certificate (AOC) by the Civil Aviation Authority Malaysia (CAAM) on Oct 1, 2022.
According to MYAirline, the approvals authorise it to sell air tickets and undertake commercial air transport flights utilising its fleet of Airbus A320-200 from its hub in Kuala Lumpur International Airport 2.
"We are pleased to receive our ASL from MAVCOM a little over a month after CAAM awarded us an AOC.
What is PN17 company? WHAT IS PN17? PN17 stands for Practice Note 17/2005 ("PN17") and it is a practice note that is issued by Bursa Malaysia in relation to listed issuers that are in financial distress.6 Sept 2022
@StartOfTheBull, nononono capital a far behind, below expectation and fail on this year. compare aax already green later this stock more higher than capital a
Singapore airline was big company and unlimited fund by a the country...so no need too much for thinking... meanwhile, the supporter air asia only from purely investor and profit making... if no profit then it bad thing for air asia
Most of the world has opened up, demand for air travel has far outstripped supply as airlines have struggled to reactivate their fleets and bring back staff fast enough to cope with the surge in travelers. That has led to sky-high fares in many cases but also enabled a recovery in airline stock prices and allowed carriers to eye their first profit since the pandemic. -Bloomberg -
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
valueinvestor1
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https://www.theedgemarkets.com/article/tony-fernandes-steps-down-acting-airasia-x-group-ceo-mahmood-fawzy-joins-thai-aax-board