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Speculation that Airasia X and MAS may merge.
Should this merger happen, this would be the second attempt by Tune Group and Khazanah Nasional Bhd since the failed share swap between MAS and Airasia Bhd in 2012.
A merger is said to be negative to Airasia X as MAS issues are in relation to its high costs. Thus having a merger would not benefit AAX, as the issues would not solved easily. .
MAS’ long term borrowings stood at rm10.34 billion while its short term borrowings was at rm1.47 billion. Netting off its cash and bank balances of rm3.38 billion, MAS’ debt was 2.41 times its equity of rm3.5 billion. Khazanah Nasional Bhd is the only shareholder which owns more than 5% of MAS or 11.59 billion shares or 69.37% of equity stake. .
Both AAX and MAS do not fared well either in terms of financial results. .
AAX had a gearing level of 1.63 times after deducting its cash worth of rm131.96 million. The group’s earnings retained earnings were in a deficit of rm1.25 million. .
Tune Group Sdn Bhd has a 17.83% stake and Airasia Bhd has a 13.76% stake are the two largest shareholders of AAX.
A merger is said to be negative to Airasia X as MAS issues are in relation to its high costs. Thus having a merger would not benefit AAX, as the issues would not solved easily. .
MAS’ long term borrowings stood at rm10.34 billion while its short term borrowings was at rm1.47 billion. Netting off its cash and bank balances of rm3.38 billion, MAS’ debt was 2.41 times its equity of rm3.5 billion. Khazanah Nasional Bhd is the only shareholder which owns more than 5% of MAS or 11.59 billion shares or 69.37% of equity stake. .
Both AAX and MAS do not fared well either in terms of financial results. .
AAX had a gearing level of 1.63 times after deducting its cash worth of rm131.96 million. The group’s earnings retained earnings were in a deficit of rm1.25 million. .
Tune Group Sdn Bhd has a 17.83% stake and Airasia Bhd has a 13.76% stake are the two largest shareholders of AAX.
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