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news State aid debate central to aviation's uncertain post-pandemic future dw.com 3 hrs ago Arthur Sullivan The pandemic has led to the biggest crisis in aviation history. Airlines have lost insane amounts of revenues, but government support has not been divided equally. Many airlines are angry but so are environmentalists. © picture-alliance/Imaginechina/S. Yipeng Flying during the last year has been rewarding, eerie and sometimes lonely For Marc, a young pilot flying with a European national flag carrier, one of the strangest things about his job during the pandemic has...

The pandemic has led to the biggest crisis in aviation history. Airlines have lost insane amounts of revenues, but government support has not been divided equally. Many airlines are angry but so are environmentalists.

MALAYSIA Airlines Bhd (MAS) appears to have a head start on its closest rivals — AirAsia Group Bhd, AirAsia X Bhd (AAX) and Malindo Airways Sdn Bhd — after closing a restructuring deal that sees it emerging with a stronger balance sheet, having eliminated some RM10 billion in debt. Last week, the UK court approved the national airline’s plan to restructure more than RM15 billion in liabilities, which effectively removes “decades-long legacy issues in its balance sheet”, its parent Malaysia Aviation Group Bhd (MAG) says. The plan includes a RM3.6 billion lifeline from its sole shareh...

LOW-cost carrier AirAsia Group Bhd and its long-haul affiliate AirAsia X Bhd (AAX) — the only two listed airlines on Bursa Malaysia — are set to join most of their counterparts around the world in reporting their biggest-ever annual losses this week for what has been described as the “worst year in history for air travel demand”. AirAsia is likely to post a record net loss of no less than RM3 billion in the financial year ended Dec 31, 2020 (FY2020), according to analyst estimates provided by Bloomberg. In fact, CGS-CIMB Research is expecting AirAsia’s core net loss for FY2020 to co...

UPDATE 1-Malaysia's AirAsia X assures recovery for lessors in new restructuring proposal Reuters 2/22/2021 * Airline says lessors expected to have at least 60% recovery rate * Calls steep haircut in earlier plan a misinterpretation (Adds comments from BOC Aviation, AerCap and consultant; court order) By Liz Lee KUALA LUMPUR, Feb 21 (Reuters) - Malaysian long-haul budget airline AirAsia X Bhd (AAX) has proposed a separate restructuring programme for its aircraft lessors that aims to tackle their concerns, citing a chance to recover rental losses, a document seen by Reuters shows. The airline...