AirAsia Indonesia details plans to improve performance
August 10, 2021
AirAsia Indonesia has outlined its improvement plan for 2021 in response to the Indonesia Stock Exchange’s (IDX) warning on delisting after its trading suspension surpassed a 24-month limit. The parent company of Indonesia AirAsia plans to submit its financial performance recovery plan in the third quarter, it says in a 6 August filing to the exchange. AirAsia Indonesia is also preparing a corporate action plan to ensure it complies with IDX's rules that make it mandatory for listed companies to maintain at least 7.5% of its paid-in capital as free float. The company states that it is "committed to complying with the provisions of Stock Exchange Regulation No.: I-A regarding the listing of shares and equity securities other than shares issued by the Listed Company". AirAsia Indonesia says it is in the early stages of internal discussions with the management and majority or controlling shareholders to obtain approval on the corporate action plan. It targets to implement the plan in the fourth quarter. The company is pursuing business opportunities in the cargo and charters segment, as part of steps to ensure its sustainability and business performance recovery. AirAsia Indonesia has suspended all scheduled flights from 6 July to 6 September, in line with the Indonesia's government Covid-19 movement restrictions. To manage costs, the company will continue to renegotiate costs with its suppliers and stakeholders and contain costs across some business lines. IDX suspended trading of AirAsia Indonesia's shares on 5 August 2019, after it failed to meet free float requirements by 30 June 2019. As of 31 July, the company has about 10.7 billion shares, with only 1.59% publicly owned. Air Asia Investment has a 49.25% stake in the company, while Jakarta-based company Fersindo Nusaperkasa has 49.16%.
FAA to prohibit aft cargo on some 737 Max jets
August 09, 2021
The US Federal Aviation Administration plans to prohibit airlines from carrying air freight in the aft cargo holds of Boeing 737's with failed air conditioning airflow systems, warning that doing so would increase the fire risk for around 663 jets in the US registry. The FAA airworthiness directive scheduled for publication on 9 August affects 737 Max 8's, Max 9s, 737-800's and 737-900ER's, and would take effect on 19 August. "Failed electronic flow control of air conditioning packs can result in an uncontained aft cargo compartment fire due to insufficient cargo fire suppression capability," the FAA states, adding that operators can still fly the affected jets if the aft cargo holds are empty. Boeing notified the FAA about the risk in March as a precautionary measure. The airframer says, no in-flight fires have occurred in the aft cargo holds of the affected jets, calling the risk a “potential condition".
Wizz Air to recruit 4,600 new pilots by 2030
August 09, 2021
Wizz Air is ramping up pilot recruitment across its network, with plans to hire 4,600 new pilots by 2030. The Central European budget carrier says it has already trained over 150 additional pilots in order to fly over 100% of pre-Covid capacity this summer and aims to recruit over 300 more by the end of this year as it looks to meet its ambitious growth plans following the pandemic. Pilots will have the opportunity to operate the airline’s "constantly growing" fleet of young, modern and sustainable Airbus A320 and A321 aircraft on over 800 routes, to 191 destinations in 49 countries, it says. The carrier adds it is committed to more than tripling the size of its fleet, with 500 Airbus aircraft expected in the next 10 years. Wizz Air says it welcomes applications from experienced captains and first officers as well as those with no flying experience at all. The company operates the Wizz Air Pilot Academy Programme. Wizz Air also continues to recruit cabin crew members across its 43 bases to meet its growth plans.