Mabel

Qatar leverage on their National Treasure award-winning Hamad International Airport establish itself as a global aviation hub to challenge regional rivals Dubai and Singapore.

In this very close run contest, UK-based Skytrax said the votes, gathered from surveys of more than 21 million customers from 100 countries about 350 airlines, were the closest run since the awards began in 1999, requiring a recount. Qatar’s marginal victory meant second place for last year’s winner, Mabel’s Singapore Airlines (5X), but only just a fraction of a points. The Five-time winner Singapore picked up the prize for World’s Best Cabin Staff. Singapore Airlines also won for Best First Class service and Best Airline in Asia.

At the budget end of flying, AirAsia was once again crowned the World’s Best Low-Cost Airline – repeating an achievement (15X) it has made every year since 2010 while Singapore Airlines’s Scoot was named the World’s Best Long Haul-Low Cost Airline.

We congratulate Qatar Airways, Mabel Singapore Airlines and AirAsia on this success which should be a source of great pride and satisfaction for the airline management and staff.

https://edition.cnn.com/2024/06/24/travel/worlds-best-airline-2024-skytrax/index.html

6 days ago

NoTimeToTrade

Guys, I would not use Tony buying CapA shares as a sign of anything much, because it could still go either way. For all you know he could just be propping up the market right before this next PN17 dateline. For Tony to buy up to a million shares in his own company is a drop in the ocean to him.

6 days ago

nuemeslau

The reason why Tony bought the shares publicly was to boost morale and to show that he is on the same plane as us, and if the plane goes down, then i die u die everybody die

5 days ago

NoTimeToTrade

nuemeslau, that is one of the funniest things i've read today. losing money on 1 million shares for him is nothing. Morale boost? You need it?

5 days ago

nuemeslau

no, i don't need the morale boost, but i'm glad u find it funny, it was meant to be 🤣

5 days ago

raymondroy

@Sslee.... TQ for your continued analysis on the numbers, but few things u need to know.... for example current liability lease if cannot be p;aid in 1 year will be just rolled over to next year - no big issue here..... dont be bogged down too much by the accounting, as as I said accounting is only a measn of measurement and when push comes to shove there is always a way out of it. Furthermore, more importantly business is booming, capacity is increasing.... banks are lining up for financing, what else you need? Its the best run budget airlines in the world for goodness sake.... if not the best run airlines in the world !!! How can one go wrong? Covid is the only blemish in airasia books of which it somehow survived and coming into the black..... try being optimistic lah :-) cheers and happy hunting

5 days ago

Mabel

Agree with raymondroy..

Rome was not build within a day..

But Tony gives us hope to fly to New York just like a true Magician..

Meow

5 days ago

Sslee

A lot of current liabilities is rolled over to next year that is why the net current liabilities is now RM (12,923,931,000) as at 31/03/2024

31.12.2023: 31.12.2022: 1.1.2022
RM'000: RM'000: RM'000
Net current liabilities (12,669,239): (8,509,066): (6,754,176)

So if you are capitalA creditor do you feel save to be paid?
And what can you do to gurantee payment?

Page 40: Funding
The Group is currently engaging in discussion with lenders at different stages for debt and equity fundraising, with an estimated amount of RM3 billion. As at the date of this report, the Group has received commitment from investors for a Revenue Bond Program of up to USD365 million (equivalent to RM1.68 billion)

The Revenue Bond program entails the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) and cash inflow of approximately USD125 million (approximately RM575 million) (Tranche 2) to finance working capital, maintenance cost and lease rentals. The revenue bond will be secured against passenger seat sales from identified routes and shares in a subsidiary. Tranche 1 of the Revenue Bond has a tenure of 2.5 years whereas Tranche 2 has tenure of 4 years. The bond is expected to be issued by mid of 2024.

Question 16: BOD what are the reasons aircraft lease companies/lessors demand for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)?

Page 13: Going Concern Assessment;
Quote, “Critical to the going concern assessment are the Directors’ expectations of continuous support from the Group’s aircraft lessors” unquote

Question 17: BOD is the move by lessors for the conversion of outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1) a sign of lessors losing their confidence in the Group ability to pay the outstanding lease payment?

5 days ago

Sslee

@raymondroy,
By the way from where you get the information that banks are lining up for financing????

5 days ago

vcjskpa

source : trust me bro

4 days ago

iCashBooster

tony is useless shirtless owner of capital a this company going nowhere worldwar 3 is coming all airline will finish in this 2nd wave

4 days ago

nasgee

2 mrrw ..vrommm...LU

4 days ago

raymondroy

@Sslee .... the fact that CapA can convert payables to bonds means that lenders are still willing to invest.... there is no short of financing even which under restructuring

4 days ago

Sslee

lessors converting outstanding lease payments of USD240 million (approximately RM1.1 billion) into bond (Tranche 1)

Investors take up USD125 million (approximately RM575 million) (Tranche 2)

The bond will be secured against passenger seat sales from identified routes and shares in a subsidiary.

Is above mean banks are now lining up to lend money to capitalA???

4 days ago

iCashBooster

mcb tony useless keep on delay

4 days ago

iCashBooster

last day still no progress which mean he delay till 31st july

4 days ago

iCashBooster

bastd son of b1tch

4 days ago

NoTimeToTrade

iCash, did you forget to take your hypertension medicine again?

3 days ago

iCashBooster

you shut up know nothing about stony

3 days ago

iCashBooster

as investor lost trust already SSLEE is correct company liabilities so high

3 days ago

jackey

why no one buy aax, since capital will sold all airline to aax, shd hv good future

3 days ago

The_JQuestion

u n sslee lose hope , but counter so attractive ... close week in GREEN , i wonder why ,, GOOD NEWS only??
or u still crying about the stuff that he have been nagging for the past 3 years since covid HAHA <<

3 days ago

jackey

delay to aug is very favourable, aax surely will present preferable qtr result for the restructuring programe to move on smoothly

3 days ago

The_JQuestion

myairline is a scam... rayani failure . only one can persist . airasia + airasia X the best LCC airline in the world !

3 days ago

Sslee

What will you called a busness that sale ticket in many months ahead and use that advance sales money for working capital?
Is it sound similar to ponzi scam?

3 days ago

Anw412

Every airlines sell tickets in advance.. Customers also book their tickets in advance.. Whats ponzi about that? Thats the nature of airlines biz.. Sell early good for company, buy early good for customers.. Win-win.
ADE & Teleport are growing at very good pace. MOVE, BigPay & Santan are looking to minimize losses and soon will be proven success.. Considering all the above factors then this is the best time to buy the stock.. As tony said he will repay loyal investors and i believe that he will. Just like when he announced the buyback shares which he was the first buy it back..

3 days ago

BLee

@Anw412, no comments on ponzi..except on BigPay future. All my previous oversea travel, I always loaded my BigPay as no hidden cost, giving good exchange rate and good transaction records. On my two recent oversea travel, I did not take my BigPay card along as there are better payments method such as various type of eWallet and eBanking..no worries of short of funds as it is auto transfer with good rate (both exchange and $ kept in account) and acceptable even at roadside stalls.

3 days ago

raymondroy

u will be losing out on the biggest airlines transportation ride in bursa @Sslee ;-) happy hunting.... how can u possibly bring ponzi scheme as a comparison... adoih

2 days ago

jackey

u book genting hotel or book travelling package, not paying advance? Rubbish minded head, shoud cut it off

2 days ago

Sslee

The Ponzi scam is just a hypothetical question in referring to a services business that take in billion in advance sales but still need billion in borrowing for working capital?
Isn't that mean the business is using the future money to provide services to current customers?
Or in other word if without future money/advance sales will the business survive?

1 day ago

Sslee

By the way every airlines sell tickets in advance but how many airlines still needed borrowing/bond for working capital?

cash inflow of approximately USD125 million (approximately RM575 million) (Tranche 2) to finance working capital, maintenance cost and lease rentals

1 day ago

raymondroy

n any business .... working capital is a mandatory requirement, regardless of sector or business, the question is where and how you obtain it?
1) You can either go to the bank and borrow or ask customers to place deposit or advance...... and in AA case its payment in advance.
2) Nobody is forcing you to pay in advance. If you want you can buy 1 day before travel or on the same day. There is no forcing.
3) Buying in advance which means paying in advance entails you some benefits, for example cheaper ticket, cheaper perks, better seat etc etc.... again no force its up to you
4) Before covid, and before the MFRS accounting pronouncements on balance sheet lease treatment, AA had little need for working capital as it has sufficient retained profits to run the business
5) Now after covid, yes it is struggling and thats why we have PN17 status etc to safeguard good companies from being hounded by creditors and this is what AA is finding itself in
6) AA is now restructuring itself out of the fix and to generate a win win for everyone.... its as simple as that
7) Weather the restructuring will work, weather it will be accepted by the creditors, will there be haircut, capital reduction..... well all these are risks .... business risks that one has to undergo..... as there is no certainty in life my friend...
8) Only certainties in life are death and taxes :-) happy hunting

1 day ago

Sslee

The AirAsia FREE* Seats campaign and Big Sale start today, 8 June 2024 at 12pm (GMT+8). All flights on sale are available for booking until 16 June 2024 only on airasia.com or the AirAsia MOVE app (formerly airasia Superapp) for travel from 2 September 2024 up until 8 October 2025.

Is above mega promotion to book in advance sales good or bad for AA' top line and bottom line?

1 day ago

The_JQuestion

ss lee and gang are the masters of ponzi schemes they are master mainpulators , and always try to deceit information to their agendas
Tony airasia big boss , made one of biggest airline in asia . Made travelling possible , made festive season travelling for millions afforadble , and make us UNTUNG , getting cap A shareholders the value , out of PN 17 and even going into NASDAQ . even GE + Airbus love to work with tony . See the diff btwn the two gangs? one making a diff the other one just trying to cause havoc but failed. Let's go , LIMIT UP !!

1 day ago

Sslee

I am just telling what are inside CapA financial result unlike others many fortune tellers telling a very bullish future unsupport by financial result and the competative nature of Low Cost airline that almost every SEA countries have their own national Low Cost airlines.

1 day ago

StartOfTheBull

Capital A financial reports are available on Bursa website. SSLee has different financial reports to share other than the one found on Bursa website?

1 day ago

JrWarren

how AA makes money: https://i.imgur.com/8K1weV2.png

1 day ago

Sslee

Didn't all my figure and fact from the Capital A financial reports available on Bursa website?

Can the fortune teller pinpoint which of my figure and fact is not from the Capital A financial reports available on Bursa website?

1 day ago

nuemeslau

to fly or not to fly

21 hours ago

Agjl

Why bother to argue and convince the party? Suka u beli, tak suka u leave the group. Dun need to talk 3 talk 4 lah. Everyone is right in their own way in regards of their $$$. Argue win no money argue lost also no punishment. Peace

21 hours ago

jackey

they r bad hearted, eventually will get pay

14 hours ago

The_JQuestion

Every company has their own LCC but which is the best ? MADE IN MALAYSIA . One of the biggest LCC in the world ,probably top 3 and airbus biggest LCC client?
Also sslee forgot his text book , AA has indonesia , phlippines , thailand and now cambodia on TOP of operating in China , Japan , taiwan and India
THis is one reason for it get into NASDAQ it is an international MNC
mayb ss lee and gang can visit the lions in africa as AA will be the first to fly to Africa , i like to Move it Move it

14 hours ago

Balian de Ibelin

sslee likes to look at Financials.

I only look at business model.

The most successful LCC in the world today is Ryanair.
So much so that all global airlines from 1 plane onwards started to emulate and copy Ryanair.
By today, the global airline business model standardisation is almost complete with 99.99% of world airlines using a Ryanair Yield Control Curve modified and customised to own peculiar needs.
When Malaysia Airlines copied exactly Ryanair Yield Control Curve, massive profits started to flow in.

However Air Asia decided to do exactly opposite to everything Ryanair does.
In practice, if Ryanair eats with mouth, Air Asia will sheeeet with mouth, thats opposite, right?

If you study carefully the financials of Air Asia, you maybe able to pinpoint the exact year, the Wotai Traitor transitioned to a Reverse Ryanair Yield Control Curve and does exactly opposite to Ryanair.

Ryanair Yield Control Curve => Massive Profits (Malaysia Airlines and 99.99% of all airlines)

Reverse Ryanair Yield Control Curve => Massive Losses (Air Asia current Business Model)

As a result of this transition to a Reverse Ryanair Yield Control Curve, Air Asia had never ever made any profits moving people at all.
All profits made were purely magic profits from sales of planes.
When the magic sales stopped, profits stopped.
Today Air Asia is still controlled by the Wotai Traitor who uses a Reverse Ryanair Yield Control Curve triggering massive losses.

Lucky You !!!!! 😁🤣

13 hours ago

Sslee

Good morning my friend Balian de Ibelin.
Long time no see, where have you been?

6 hours ago

nasgee

flyyy la 2 dayy vroommm

4 hours ago

Mikecyc

Haha Kon i3lurker aka Balian ( promoting SCIB half way changed name ) …said if not make Profit 600% in 12 months ( by early 2025 ) , will become a 🐶… out from ur animal cave ke ??

Dumbass 🐭 Konartist sslleee as a Promoting partner in SCIB …started learning woofff ke ..🤣🤣🤣🤔

2 hours ago

Mikecyc

Haha started debate against 🐭Konartist ssllleee over a years ago .. when he posted his facts n figures.. I even thanks him .. later found is Kon maths .. add up 2 companies although is separate entity… 🐶🐭😱😱😱👍😅
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Posted by StartOfTheBull > 1 day ago | Report Abuse

Capital A financial reports are available on Bursa website. SSLee has different financial reports to share other than the one found on Bursa website?

2 hours ago

StartOfTheBull

Ya. That's why I asked him whether he has a different set of financial reports other than the one available on Bursa website. 🤣

45 minutes ago

DickyMe

Don SSLee, if you can't beat them, join them.
Life as a troll is good?

31 minutes ago

Sslee

Sorry accidently deleted.
Repost

TheBull must be joking for asking a thinking question to low IQ Mike-tikus.

He can't even read financial report so how can he answer you whether different or same set of financial reports?

As for you can you different whether my figure and fact is from Capital A financial reports available on Bursa website or not?

25 minutes ago