AirAsia to implement AMI service

PETALING JAYA: AirAsia Bhd has signed an agreement to implement the Airbus Managed Inventory (AMI) service for its A320 and A330 fleets at its bases in Kuala Lumpur and Bangkok.

In a statement released by Airbus, the AMI service ensures the automatic and continuous replenishment of high-usage and non-repairable parts at the customer's facilities.

AirAsia is confident that the AMI service will support the company and its associated company AirAsia X in paving the way for low-cost aviation through innovative solutions and efficient processes.

"With AMI, we will minimise our spares investment costs while maximising delivery of parts when needed," said Anaz Ahmad Tajuddin, group head of engineering of AirAsia.

AirAsia is the fourth customer in the region to choose the AMI automated inventory management solution, which works to reduce inventory holding costs.

This is done by capturing material consumption information in real-time and automatically triggering replenishment orders within the agreed inventory levels, the service guarantees high on-shelf part availability while decreasing the overall inventory stock level.

Source

AirAsia sings brand licence agreement woth Thai AirAsia

Source: The Edge Financial Daily

AirAsia X IPO ballot result

For public category, the allotment as shows below:

It was oversubscribed by 3.83 times. 


For bumi category, all shares are 100% allotted.

Retail price is revised to RM 1.25 from RM 1.45.  Different price is 20 cents.

AirAsia X IPO share price fixed at RM1.25

KUALA LUMPUR: AirAsia X Bhd has fixed its initial public offering (IPO) price at RM1.25 per share and have raised RM987.7mil from its share sale.

The IPO comprises 790.12mil ordinary shares, or 33% of AirAsia X's enlarged share capital, included the issuance of new shares.

Independent non-executive chairman Tan Sri Rafidah Aziz said the company have settled to price the shares at the low to mid-range to benefit investors.

“As the book was about 5 times covered at the top end of the range, we would have been able to comfortably price it at the initial RM1.45 per share,” she said.

Co-founder Tan Sri Tony Fernandes said the company had orders for two billion shares at RM1.45 and had only 396 million shares available in the bookbuilding exercise.

“We want to see retail investors benefit from this IPO and this is the reason why we priced it at RM1.25. The success of AirAsia X is because of their support and we want to reward them,” he said.

 

Source: http://biz.thestar.com.my/news/story.asp?file=/2013/6/21/business/20130621191434&sec=business

AAX Target Price

Target prices from various researchers as below: 

RM 1.65  (Pacific Inter)
RM 1.60  (M&A Sec)
RM 1.40  (TA)
RM 1.33  (Alliance)
RM 1.20  (HL)
=====================
RM 1.436  (Average)

AirAsia, AirAsia X win airline awards

AirAsia has been named the World and Asia's Best Low Cost Airline for the fifth year in a row, while AirAsia X received the World's Best Low Cost Airline for both the Premium Class and Premium Class Seat title.

The annual global survey, conducted over a 10-month period covering over 200 airlines and travellers from over 160 countries, ranks quality standards across more than 40 areas of airline front-line products and services.

AirAsia deputy Group chief executive officer, Datuk Kamarudin Meranun, who is also the co-founder and director of AirAsia X and AirAsia chairman, Datuk Aziz Bakar, were at the Paris Air Show in France to receive the awards.

In a statement in Kuala Lumpur today, AirAsia Group chief executive officer Tan Sri Tony Fernandes said: "It is an honour to be ranked as Asia and World's Best Low Cost Airline for the fifth time in a row, and we would like to thank all of our guests for their support.

"It is also a proud moment to be receiving both the World's Best Low Cost Airline in Premium Class and Premium Class Seat awards for AirAsia X and we are consistently seeking ways to improve our service in providing world-class flying experience to our guests," he added.-- Bernama

Read more: AirAsia, AirAsia X win airline awardshttp://www.btimes.com.my/Current_News/BTIMES/articles/20130619144259/Article/#ixzz2WfQ0UCuU

AirAsia X IPO

Stock Code: AAX
Market: Main market

Timetable
10-06-2013  Opening of application
19-06-2013  Closing of application
24-06-2013  Balloting og application
09-07-2013  Allotment of IPO share to successfull applicants
10-07-2013  Tentative listing

Retail Price: RM 1.45.
PAR: RM 0.15

Total shares offers: 790,123,500 shares
1. Offer for sale: 197,530,900 shares
2. Offer for public: 592,592,600 shares
    i. Offer for Institution: 538,011,800 shares
       a. Malaysian Institutional and Selected Investors: 197,530,900 shares
       b. Foreign Institutional and Selected Investors: 79,740,200 shares
       c. Bumiputera Institutional and Selected Investors: 260,740,700 shares
    ii. Offer for retail: 252,111,700 shares
       a. The eligible persons: 52,111,700 shares
       b. The eligible passengers: 50,000,000 shares
       c. Malaysian public: 150,000,000 shares

There will not have any cornerstone investors.
AAX do not enroll any dividend policy.

AirAsia X offers free tickets under IPO

PETALING JAYA: Tan Sri Tony Fernandes will be on a roadshow to meet retail investors and remisiers across the country in early June for the AirAsia X (AAX) initial public offering, whose shares are likely to be priced at RM1.10 to RM1.30 a share.

The airline is offering a larger retail portion than most companies in recent times, comprising 252 million shares or 10.6% of its enlarged share capital compared to 2%-5% offered by other companies to retail investors.

To lure retail investors to subscribe to the IPO, AAX is dangling a zero fare return air ticket to any destinations flown by the airline to investors that buy 10,000 IPO shares, and three tickets for those who buy 100,000 IPO shares as part of its shareholder benefit programme.

“It was my idea that we should meet retail investors because when I was young and was in England, I saw a lot of retail-based IPOs such as British Gas, British Telecoms and even that of my good friend Sir Richard Branson's Virgin group. It was for the public.

“Since we have benefited from Malaysians that fly with us, and rather than just the institutional investors benefiting from the IPO, we thought it was good to let Malaysians benefit by offering them free tickets if they subscribe to the shares,'' AAX director Fernandes told StarBiz yesterday.

While Fernandes said he would do his ceramah-style talks to retail investors in Malaysia, AAX CEO Azran Osman-Rani would meet institutional investors here and abroad.

The retail roadshow would be for a week and Fernandes (pic) claimed it was “something not done before. We will do the unconventional by talking directly to retail investors instead of sticking to just the traditional way of meeting only institutional funds.''

“Normally the public allocation is small, about 2% but we are offering a lot more shares for the public portion as we want them to be involved in the airline (as shareholders),'' he said.

He added that “we are always giving out free seats, so why not give them to those that subscribe to our shares. And if you keep the shares, you will get free tickets every year (for a maximum of three years).''

AAX, which is a sister company of AirAsia Bhd, plans to sell 790.12 million shares to raise US$300mil and and part of the funds will be used to finance new aircraft purchases. The airline is expected to take delivery of seven Airbus A330 this year.

AAX is headed for the Main Market of Bursa Malaysia and the listing is scheduled for July 10. It plans to start taking orders from institutional investors from June 10.

Fernandes declined to give any numbers, but analysts are valuing the company at RM1.50-RM1.70 a share. Those very bullish say it is about RM2 a share. Though analysts are looking at the IPO of RM1.30-RM1.40 a share, others think it could be lower at RM1.10 a share. But these are early days and the final pricing would be known later.

“AAX is a growth story. There is demand for budget air travel across the region and it wants to tap into that. It is tripling its fleet in three years. But of course like any airline, it is sensitive to exchange rates and fuel prices, and yields can come under pressure with excess demand but it is be able to keep a high and stable path with loads of about 80% in the medium term,'' said an analyst.

After the IPO, the major investors of AAX are Aero Ventures Sdn Bhd with 34.4%, AirAsia 13.7%, and both Orix Airline Holdings Ltd and Manara Malaysia Ltd with 6.4% each.

Apart from the retail portion of 10.6%, the others making up the 790 million shares are Miti bumiputra investors with 11% and local and foreign institutional funds with 11.7%.

AAX currently serves 14 destinations with 11 aircraft across Asia and it plans to expand further into North Asia and Australia.

CIMB Group Holdings Bhd, Malayan Banking Bhd, Credit Suisse Group AG and Morgan Stanley are joint global coordinators for the offering. Barclays Plc, BNP Paribas SA, Citigroup Inc, CLSA Ltd and HSBC Holdings Plc are helping manage the offering.

 

Source: http://biz.thestar.com.my/news/story.asp?file=/2013/5/14/business/13107008&utm_source=also_see&utm_medium=link&utm_campaign=Matrix%20Concept%27s%20public%20offer%20of%2010m%20new%20share%20oversubscribed

为亚航X上市造势 东尼下月全国巡回见散户

财经新闻 财经 2013-05-15 08:45
（吉隆坡14日讯）亚洲航空集团总执行长丹斯里东尼费南德斯宣布，今年6月初展开全国巡回展，为旗下长程廉航亚航X首次公开募股（IPO）会见散户和抽佣经纪。

东尼费南德斯向《星报》指出：“我的想法是要与散户会面，当我年轻时和身在英国期间，就见到许多以散户为主的IPO如英国天然气（BritishGas）、英国电讯（British Telecom）和我挚友———理察布兰森的维珍（Virgin）集团。”

亚航X也推出只要散户认购1万股，就可享有回程机票零票价的促销；若散户认购10万股，还可获得3张免费机票，以回馈股东和吸引散户。

鼓励散户入股

东尼将在长达一周的巡回展，将会见亚航X的国内潜在散户；亚航X总执行长阿兹兰奥斯曼则会见海外机构投资者。

“这是空前的。我们选择以非传统手法———直接会见散户，不只是会见机构投资者。通常公开献购的部分较小，约2%，可是我们将献售更多给散户，让他们以股东身份参与亚航X。”

亚航X早前提高公开让散户认购的股票，至2亿5211万1700股，相当于扩大后发行与缴足股本10.6%，而一般公司提供散户认购的股权，仅占扩大后发行与缴足股本的2至5%。

东尼并没透露亚航X的每股发售价，不过，市场预计每股发售价将介于1.10令吉至1.30令吉

AirAsia X eyes up to US$300m IPO

HONG KONG: Long-haul carrier AirAsia X, founded by entrepreneur Tony Fernandes, began meeting investors on Monday to gauge interest for an initial public offering (IPO) in Malaysia worth up to US$300 million, according to a term sheet of the deal seen by Reuters.

The company and its shareholders are offering 790.1 million shares, with 75 per cent of the offering coming from new shares, according to the terms. The deal is slated to be priced on June 24, with its debut set for July 10.

AirAsia X plans to use 44 per cent of the proceeds to repay bank loans, with another 22 per cent set for capital expenditures, the terms said.

CIMB, Credit Suisse, Maybank and Morgan Stanley were hired as joint global coordinators on the IPO.-- Reuters

Read more: AirAsia X eyes up to US$300m IPOhttp://www.btimes.com.my/Current_News/BTIMES/articles/20130513101721/Article/#ixzz2TBIx1oRc

AirAsia X posts strong growth in Q1

AirAsia X Bhd, the low-cost, long-haul affiliate of AirAsia Bhd, recorded a strong growth in the first quarter (Q1) of this year, carrying 650,000 passengers, a growth of 20.9 per cent in the same period in 2012.

AirAsia X Chief Executive Officer Azran Osman-Rani said the airline would continue to focus on increasing capacity this year in identified core markets including Australia, China, Taiwan, Korea and Japan.

"The addition of seven aircraft this year will see AirAsia X expanding further in the long-haul segment across Asia Pacific," he said in a statement today.

In terms of passenger traffic, AirAsia X recorded 3.3 billion
Revenue-Passenger-Kms (RPKs) in Q1 2013 while capacity was at 3.9 billion, resulting in a load factor of 84 per cent and solidifying its position as the second-largest low-cost carrier in Southeast Asia after AirAsia.

Its RPKs and Average-Seat-Kms (ASKs) increased by 21.7 per cent and 26.7 per cent, respectively, compared with Q1 2012 for continuing routes.

"AirAsia X is also seeking ways to maximise passenger revenue and develop new ancillary revenue streams.

"We aim to grow our fleet of new fuel efficient aircraft to meet passenger demand, expand route mix and continue to implement initiatives to strengthen operations quality and cost structure," Azran said.

On cargo operations, he said AirAsia X carried 7,482 tonnes of freight in Q1 2013, registering a growth of 47 per cent from 5,106 tonnes in Q1 2012 for its continuing routes.

Its aircraft fleet as at March 31 this year remains at nine Airbus A330s and two Airbus A340s while the 10th A330 was delivered last month.-- Bernama

Read more: AirAsia X posts strong growth in Q1http://www.btimes.com.my/Current_News/BTIMES/articles/20130502165241/Article/#ixzz2S913b43B

AirAsia X to add 7 more planes

KUALA LUMPUR: AirAsia X Bhd expects to add seven more aircraft this year and next year, increasing its feet 18 planes. Currently, it has 11 planes.

"We would add seven more in 2014, and this would more than double our capacity without adding a single new country," said CEO Azran Osman-Rani at the MIDF Luncheon talk on Wednesday.

He said the planes would be the A300-330, with 377 seats configuration.

He said the long-haul carrier would not stretch itself thin again but instead add frequency to the bases the airline had created.

AirAsia X set for June listing

KUALA LUMPUR: AirAsia X, the long-haul affiliate of AirAsia Bhd, is now ready for a June listing on the Main Board of Bursa Malaysia after having deferred its initial listing, planned in the first quarter, says AirAsia GroupChief Executive Tan Sri Tony Fernandes.

He said AirAsia X submitted all listing-related documents, including listing application and prospectus, to the Securities Commission for their approval and was now awaiting a favourable reply.

"This time it is going to happen. We are looking at a June listing," Fernandes told Bernama, referring to the aborted AirAsia X's initial listing plan.

Through the proposed IPO, AirAsia X is expected to raise about US$250 million (RM775 million), or 97 sen per share, of which, half would be utilised to repay bank borrowings and 21.5 per cent for capital expenditure.

The medium to long-haul carrier initially targeted a first quarter listing but the plan was later aborted.

Fernandes said AirAsia X's listing would be different as the airline was planning to diversify and enlarge its shareholding ownership, by giving first priority of share subscription to Malaysians who have flown AirAsia X and contributed to the success of the airline.

As a fine example, he said AirAsia witnessed an immense level of interest among Malaysians during the recent public-listing of Tune Insurance Bhd.

Fernandes said in a normal public-listing exercise, large corporations take up a significant chunk of public issuance, which disabled interested Malaysians from pursuing their objective.

"Thus, I want AirAsia X to be a public issue. For this, I am going to go on a road show to promote the AirAsia X's shares throughout Malaysia, and to increase the level of Malaysians' participation in a Malaysian company.

"All this is subject to the approval of the SC. But, I am sure they will support as SC has always championed the initiatives of share ownership enlargement," he added.

AirAsia X owns a fleet of nine Airbus A330-300s for scheduled services and has two A340-300s for wet-lease and charter operations flying to 12 destinations across Asia and the Middle East.

The company appointed CIMB Investment Bank Bhd as its principal advisor for the IPO while Maybank Investment Bank Bhd, CIMB and Credit Suisse are the joint global coordinators.

Asked on a potential dual listing of AirAsia X, Fernandes said the value that the airline could bring for a dual-listing would be very minimal.

However, he said AirAsia expected an Asean stock exchange to be created soon as many companies in Asean were now expanding, regionally.

"At least, the minimal thing that the regulators must create is an Asean index. There is no such index yet.

"In the index, the regulators can find a basket of Asean companies such as AirAsia and CIMB," he said.

Soon after AirAsia X, Fernandes also said the group was looking to list its Indonesian operations, Indonesia AirAsia.

AirAsia X is set to be the second entity controlled by Fernandes and partner Datuk Kamarudin Meranun, to go public this year, after a successful venture with Tune Insurance, in February. - Bernama

AirAsia X CEO: No intention to mislead in website pricing

KUALA LUMPUR: AirAsia X has stated it had no intention to mislead in the website pricing though it acknowledged there was a technical breach, resulting it being fined A$200,000 by the Federal Court in Melbourne.

AirAsia X CEO Azran Osman-Rani said on Tuesday pointed out the Australian court's fine of A$200,000 compared to the range of A$520,000 to A$650,000 sought by the Australian Consumer and Competition Commission (ACCC) "reflects the Court's acknowledgement of the lack of any intention to mislead on the part of AirAsia".

Below is the statement issued by AirAsia X:

NO INTENTION TO MISLEAD IN AIRASIA's WEBSITE PRICING

In response to the news published on the fine imposed by the Federal Court in Melbourne against AirAsia for contravening the single pricing provision of the Australian Consumer Law, Azran Osman-Rani, CEO of AirAsia X, the airline operating into Australia commented,

"The Court Judgment in this matter reflects that there was no intention to mislead at any time, and that no consumer was misled or had suffered any economic loss as a result of this inadvertence, and that AirAsia had been cooperative throughout. In addition, AirAsia had facilitated a speedy hearing and had also pleaded no contest to a technical breach."

"The fine of A$200,000 imposed as compared to the range of A$520,000 to A$650,000 sought by the ACCC reflects the Court's acknowledgement of the lack of any intention to mislead on the part of AirAsia."

"Nevertheless AirAsia X understands the importance of providing consumers with 'all-in' pricing and we remain fully committed towards displaying all-in fares on our website. We wish to highlight that all of our advertising has always been on the basis of all-in fares which are inclusive of taxes and other mandatory charges."

"These legal proceedings are related only to fare displays on the airasia.com website for a limited number of 'Fly-Thru' routes which were newly added to our network in 2011. The fares in question were manually entered and we took immediate steps to rectify this unintentional oversight, as soon as we were made aware of the same."

"The process of adding new routes and displaying fares on airasia.com has now been rectified and automated to prevent future recurrence. The airline notes the importance of all-inclusive pricing and of ensuring the accuracy of how the fare is prominently displayed."

Note: The salient terms of the judgment are as follows: * AirAsia was charged under s48(1) of the Australian Consumer Law of not specifying in a prominent way a single figure the price of its air fares even with inclusion of words "Fares shown EXCLUDE fees and taxes"

* The conduct although inadvertent was strictly and technically in contravention

* The ACCC sought a fine of between A$520,000 and A$650,000

* The Court came to finding that the appropriate fine was only A$200,000.

The findings of the Court were that a fine of A$200,000 was sufficient because:

a) There was no intention to mislead the consumer

-- The conduct in question was inadvertent not deliberate or reckless

-- A consumer has to undergo 9 steps in making an online booking. Only on page 2 of the booking process would the customer see the statement "Fares shown EXCLUDE fees and taxes"

-- The Court noted that pages 3 to 9 the single total price was displayed sometimes in more than one place, thus the consumer would have become aware of the full price to be paid before committing to a purchase

-- The Court found that there this was only a single breach and not multiple breaches

b) The contravention did not cause loss or damage to consumer -- A consumer could not complete the booking process without being informed of the actual total price for each flight

-- The Court noted there was no evidence of any consumer dissatisfaction or that any customer of AirAsia has suffered any economic loss. 

 

---------------------------------------------------------------------------------------------------------------

 

Damn! Why so many bad news from AirAsia? why why why? Haiz....

亚航长程上市 献售2亿股发售6亿股

（吉隆坡1日讯）亚航长程（Airasia X）在万眾瞩目下公佈初步招股书，將献售1亿9753万900股现有股，並公开发售5亿9259万2600新股

　初步招股书指出，献售全供国內外机构认购，另有2亿2740万7400股將配售给指定投资者认购，此部分总数达6亿8567万9000股。

　土著机构及获贸工部批准的指定投资者认购2亿6074万700股。

　公眾认购1亿444万4500股中，3333万3300股供符合资格投资者认购；7111万1200股则供所有大马公眾认购

　筹资所得21.5%將用作资本开销、55.1%用以偿还银行债务、20.2%则用一般营运资本，上市经费佔3.2%。

　亚航长程在文件中指出，相信公司飞行成本为全球最低，截至2011年，每公里座位成本（CASK）3.58美分（约11仙），不包括燃油每公里座位成本则为1.69美分（约5.2仙）。

　“这使亚航长程可向客户提供比全方位航空公司至少30%至50%的机票价，刺激市场需求，截至去年底，来往吉隆坡及其他地区航线的乘客量平均按年增长1.1倍。”

　截至去年底，该公司营业额18亿6238万令吉，盈利则达1亿6854万令吉。

Source from: http://www.chinapress.com.my/node/367014