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KUALA LUMPUR, May 14 (Bernama) -- AirAsia X Bhd posted a net loss of RM154.88 million in the first quarter ended March 31, 2026, due to the net foreign exchange losses of RM232.2 million from the depreciation of local currencies including Thai baht, Indonesian rupiah and the Philippine peso against the US dollar during the quarter.
KUALA LUMPUR, May 14 (Bernama) -- GenNx360 Capital Partners, a New York-based private equity firm, has agreed to sell its portfolio company, Precision Aviation Group (PAG), to VSE Corporation (VSE) in a transaction valued at approximately US$2.025 billion in cash and equity. (US$1 = RM3.93)
From Nurunnasihah Ahmad Rashid
KAZAN (Russia) May 13 (Bernama) -- KazanForum 2026 is expected to generate new trade, investment and Islamic finance opportunities between Russia and Islamic economies, with organisers aiming to strengthen cross-border business cooperation through industry-focused engagements and targeted investment initiatives.
KUALA LUMPUR, May 13 (Bernama) -- Malaysia’s maintenance, repair and overhaul (MRO) market is on track to achieve RM55 billion in revenue target by the end of 2030 under the Malaysia Aerospace Industry Blueprint (MAIB) 2030, said Deputy Investment, Trade and Industry Minister Sim Tze Tzin.
KUALA LUMPUR, May 7 (Bernama) -- Capital A Bhd shares rose in early trade today following AirAsia Bhd's placing an order for 150 Airbus A220 aircraft, the largest order for the model to date.
GEORGE TOWN, May 5 (Bernama) -- The Penang Development Corporation (PDC) and Malaysia Airports Holdings Bhd (MAHB) have approved the setting up of a joint venture company, Syarikat Usahasama PILA Sdn Bhd, to implement the Penang International Logistics Aeropark (PILA) project.
KUALA LUMPUR, May 4 (Bernama) -- Malaysia welcomes Brazilian aerospace company Embraer’s interest in exploring opportunities in the country, including the potential establishment of assembly operations, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.
KUALA LUMPUR, April 29 (Bernama) -- Ascend Airways Malaysia Sdn Bhd has clarified that its operations remain unaffected by developments involving its United Kingdom (UK)-based counterpart, Ascend Airways Ltd.
KUALA LUMPUR, April 20 (Bernama) -- Airbus is set to expand its defence and space footprint in Malaysia through a series of signings and key announcements scheduled to take place at the Defence Services Asia (DSA) and National Security (NATSEC) Asia 2026 exhibitions this week.
KUALA LUMPUR, April 20 (Bernama) — The government has relentlessly committed to policy reforms and sustained engagement with firms and fund managers, many of whom were spoiled for choice as to where they put their money and their manufacturing, said Prime Minister Datuk Seri Anwar Ibrahim.
PUTRAJAYA, April 17 (Bernama) -- The Civil Aviation Authority of Malaysia (CAAM) recorded steady and improved On-Time Performance (OTP) across Malaysian air travel during the recent Hari Raya Aidilfitri travel period, reflecting effective operational coordination and enhanced air navigation services.
By Kisho Kumari Sucedaram
KUALA LUMPUR, April 14 (Bernama) -- Airbus sees strong potential in Sarawak’s ambition to position itself not just as a domestic hub but also as a regional aviation hub, amid ongoing positive developments surrounding the establishment of AirBorneo.
