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AirAsia takes RM320mil hit due to Japan unit bankruptcy

AirAsia takes RM320mil hit due to Japan unit bankruptcy
thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Airasia Japan Co Ltd , Airasia Group Bhd , Airasia Group , Asia Japan Co Ltd , Bursa Malaysia , Airasia Japan , குவாலா லம்பூர் , ஆசியா ஜப்பான் இணை லிமிடெட் , விமான போக்குவரத்து ,

AirAsia Group recognises RM299m loss on Japan associate's bankruptcy proceedings

KUALA LUMPUR (Feb 24): AirAsia Group Bhd said today the budget airline has recognised a loss of US$74.11 million (RM299.34 million) in the second half of 2020 (2H2020), as a result of 33%-owned associate AirAsia Japan Co Ltd’s (AAJ) bankruptcy proceedings due to the impact of the Covid-19 pandemic.
In a statement to Bursa Malaysia today, AirAsia Group said AAJ has commenced its bankruptcy proceedings as ordered by the court today.
As a result of the bankruptcy proceedings, the company (AirAsia Group) has recognised a loss of US$74.11 million (equivalent to RM299.34 million) in the second half of 2020, due to financial assistance in the form of inter-company transactions and loans being written off as these amounts were deemed to be irrecoverable. ....

Kuala Lumpur , Airasia Japan Co Ltd , Airasia Group Bhd , Airasia Group Bursa , Airasia Investment Ltd , Airasia Group , Bursa Malaysia , Asia Group , குவாலா லம்பூர் , ஆசியா குழு ,

TM, VSTECS, Vitrox, D&O Technologies, Rubberex, Allianz Malaysia, Press Metal, Inari Amertron, Aeon, Genting Plantations, Parkson, DRB-Hicom, Hap Seng Plantations, Globetronics, Dayang Enterprise, Datasonic, UOA Development, Prestar, Tek Seng, Majuperak,

KUALA LUMPUR (Feb 24): Based on corporate announcements and news flow today, companies in focus tomorrow (Feb 25) may include: Telekom Malaysia Bhd, VSTECS Bhd, Vitrox Corp Bhd, D&O Green Technologies Bhd, Rubberex Corp Bhd, Allianz Malaysia Bhd, Press Metal Aluminium Holdings Bhd, Inari Amertron Bhd, Aeon Co (M) Bhd, Genting Plantations Bhd, Parkson Holdings Bhd, DRB-Hicom Bhd, Hap Seng Plantations Holdings Bhd, Globetronics Technology Bhd, Dayang Enterprise Holdings Bhd, Datasonic Group Bhd, UOA Development Bhd, Prestar Resources Bhd, Tek Seng Holdings Bhd, Majuperak Holdings Bhd, AirAsia Group Bhd, Destini Bhd and LKL International Bhd.
Telekom Malaysia Bhd (TM) returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20) registering a net profit of RM259.44 million from a net loss of RM51.09 million recorded a year earlier due to lower operating costs and net other gains, the telco said. The improvement in its bottom line was despite the fact that TM saw its rev ....

Kuala Lumpur , Drb Hicom Bhd , Datuk Razali Mohd Yusof , Handrianov Putra Abu Hanifah , Safian Mohd Yunus , Lkladvance Metaltech Sdn Bhd , Sdn Bhd , Inari Amertron , Keretapi Tanah Melayu Bhd , Destini Bhd , Inari Amertron Bhd , Imri Mokhtar , Movement Control Order , Majuperak Holdings Bhd , Vitrox Corp Bhd , Ministry Of Health , Wow Technology , Globetronics Technology Bhd , Datasonic Group Bhd , Dayang Enterprise Holdings Bhd , Com Bhd , Tek Seng Holdings Bhd , Development Bhd , Rubberex Corp Bhd , Metal Aluminium Holdings Bhd , Airasia Japan Co Ltd ,

East Asia | TTR Weekly

East Asia | TTR Weekly
ttrweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ttrweekly.com Daily Mail and Mail on Sunday newspapers.

Cholla Namdo , South Korea , Soult Ukpyolsi , T Ai Pei , Shane Lee , Jenny Mayuko Wakana , Jun Aida , Zentis Hotel , Airasia Japan Co Ltd , Japan Airlines , Tamkang University , Palace Hotel Company , Songdo Convention Centre , Zentis Osaka , Louist Collection , Southeast Asia , Mandarin Chinese Language , தெற்கு கொரியா , டி ஐ பேய் , ஷேன் லீ , ஜூன் எய்தா , ஜப்பான் விமான நிறுவனங்கள் , அரண்மனை ஹோட்டல் நிறுவனம் , தென்கிழக்கு ஆசியா , மாண்டரின் சீன மொழி ,

Wings clipped and grounded, the worst year for aviation

Wings clipped and grounded, the worst year for aviation
thesundaily.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thesundaily.my Daily Mail and Mail on Sunday newspapers.

Kuala Lumpur , Khazanah Nasional Bhd , Wisma Putra , Shukor Yusof , Movement Control Order , Tokyo District Court , Malindo Airways Sdn Bhd , Malaysia Airline , Malindo Airways , Airasia Japan Co Ltd , Malaysia Aviation Group , Airasia Group Bhd , Malaysia Airports Holdings Bhd , Senai Airport Terminal Services Sdn Bhd , Malaysia Airlines Bhd , International Air Transport Association , Malaysian Aviation Commission , Airlines Bhd , Malindo Airways Sdn , Airasia Indonesia , Air Traffic Rights , Khazanah Nasional , Tokyo District , Asia Group Bhd , குவாலா லம்பூர் , விஸ்மா புத்திர ,