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Maybank IB: Despite AirAsia Group's PN17 status, airline's fundamentals have improved

KUALA LUMPUR (Jan 17):  Maybank Investment Bank Bhd (Maybank IB) said on Monday (Jan 17) that AirAsia Group Bhd’s fundamentals have improved despite the budget airline’s Practice Note 17 (PN17) status under Bursa Malaysia listing rules. Maybank IB said it took into account the fact that AirAsia Group’s Malaysia, Thailand, Indonesia, and Philippines operating units have been flying between 25% and 50% of their respective operating units’ aircraft at a time when the global aviation sector...
Kuala Lumpur Airasia Bhd Shao Yang Thai Airasia Airasia Group Malaysia Airasia Group Malaysian

AirAsia's shares continue downward momentum | Money

KUALA LUMPUR, Jan 17 — The share price of AirAsia continued its downtrend in the early session today amid weaker sentiment after the group was classified as Practice Note 17 (PN17) status following its failure to secure an extension of relief period from Bursa Malaysia. As at 10.30am, AirAsia...
Kuala Lumpur Firdaus Latif Tony Fernandes Tan Sri Tony Fernandes Practice Note Bursa Malaysia

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AirAsia shares down after Bursa dismisses PN17 appeal | Money

KUALA LUMPUR, Jan 14 — AirAsia Group Bhd’s shares on Bursa Malaysia went down in the early session today, as the group announced that its application to extend the relief period from being classified as a Practice Note 17 (PN17) company has been dismissed by the securities exchange. At...
Kuala Lumpur Kuala Lumpur International Airport Airasia Group Bhd Sepang April Bursa Malaysia Practice Note

AirAsia taking all necessary steps to address PN17 status, says Tony Fernandes | Money

KUALA LUMPUR, Jan 14 — AirAsia Group Bhd (AAGB) is in the midst of formulating a plan to regularise its financial condition in order to address its Practice Note 17 (PN17) status and relevant announcements will be made in due course. Group chief executive officer Tan Sri Tony Fernandes said...
Kuala Lumpur Shafwan Zaidon Tony Fernandes Airasia Group Bhd Airasia Group Airasia Digital

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