SINGAPORE— Labour shortages and supply chain snarls are making it harder for airlines and lessors to return airplanes grounded during the pandemic to the skies as quickly as they would like, operators and maintenance providers say. A global squeeze on maintenance, repair, and overhaul (MRO) capacity is one of the factors contributing to higher airfares…
AirAsia to Lease at Least 100 Flying Taxis to Launch Air Ridesharing Service
AirAsia Aviation Group on Wednesday unveiled plans for a low-cost air ridesharing service in Southeast Asia after signing a non-binding deal with lessor Avolon for at least 100 Vertical Aerospace VX4 electric vehicles. Tony Fernandes, chief executive of AirAsia parent Capital A, said flights could start by 2025, with regulators in Malaysia and Singapore likely…
Malaysia’s AirAsia Reports Deeper Loss in Q3 Amid Lower Revenue, Forex Loss
Malaysian budget airline AirAsia Group Bhd said its net loss for the third quarter ended on Sep. 30 widened to 887 million ringgit ($212 million) versus 851.8 million ringgit ($203 million) a year earlier, citing a shortfall in revenue and a foreign exchange loss. Revenue for the period plunged 37 percent to 295.9 million ringgit…
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