|Bid||3.42 x 0|
|Ask||3.43 x 0|
|Day's range||3.42 - 3.45|
|52-week range||2.16 - 3.59|
|PE ratio (TTM)||7.54|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
Shareholders of Indonesian transportation firm PT Rimau Multi Putra Pratama Tbk have approved the company's plans to raise 3.4 trillion rupiah ($251.57 million) through a rights issue to buy PT Indonesia AirAsia. Rimau will sell 13.64 billion new shares and PT Fersindo Nusantara and AirAsia Investment Ltd - the current owner of Indonesia Airasia - are acting as standby buyers, Donny P. Pratono, commissioner of Rimau, said after a meeting with shareholders on Wednesday. Rimau will use 76 percent of the proceeds, or 2.6 trillion rupiah, to buy Indonesia AirAsia's perpetual securities that would eventually be converted into equity, he said.
Low-cost airline AirAsia Japan on Monday said it would begin its first flights from Nagoya later this month, more than two years after Malaysia's AirAsia Bhd announced plans to re-enter the Japanese market with new partners. A prior AirAsia Japan, a joint venture with Japanese carrier ANA Holdings Inc, was dissolved in 2013 and used as the basis for the launch of ANA subsidiary Vanilla Air. AirAsia owns 49 percent of the new AirAsia Japan, which has two Airbus SE A320 narrow body aircraft and will be based at Nagoya.
The Philippines unit of AirAsia Bhd (AIRA.KL) is seeking to raise up to $250 million (£188.61 million) via an initial public offering (IPO) in mid-2018 to fund its expansion programme, its chief executive said on Tuesday. Asia's biggest low-cost airline, which has nine units in the region, is beefing up its fleet in the Philippines amid an expected long-term boom in budget air travel. AirAsia first raised the prospect of listing its Philippines unit in 2015, planning at that point to take the airline public as early as 2017.
After a show in which both manufacturers did brisk business under a sweltering sun, the European planemaker said on Thursday it had won 346 net new orders and commitments - including a last-minute order for 20 - while U.S. rival Boeing reached 571. "The MAX stole the show," Ihssane Mounir, vice president of sales and marketing at Boeing's commercial aircraft division, said. Combined orders were stronger than expected and edged past the total from the same show two years ago, but were well below a 2011 order blowout when Airbus alone managed a similar tally.
After a show in which both manufacturers did brisk business under a sweltering sun, the European planemaker said on Thursday it won 326 net new orders and commitments while U.S. rival Boeing said its total was 571. "The MAX stole the show," Ihssane Mounir, vice president of sales and marketing at Boeing's commercial aircraft division, told journalists. Asked if Airbus had lost momentum after years in which it often trounced Boeing at annual industry gatherings, sales chief John Leahy said the slowdown in orders had been expected.
Airbus has launched a digital services platform it says will enable airlines to fly more efficiently by crunching data to help them with maintenance, reduce fuel burn and optimise routes. The platform is powered by Silicon Valley firm Palantir and Airbus has been working with airlines such as AirAsia (Kuala Lumpur: 5099.KL - news) , Peach, easyJet and Emirates to show the benefits of the data crunching. "It's bringing together these data platforms with the knowledge of our engineers," Airbus chief operating officer Fabrice Bregier said at the Paris Airshow on Tuesday.