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00:04Malaysia's low-cost, Everyone Can Fly campaign
00:08It's AirAsia, the low-cost carrier giant.
00:11Currently mired in a severe financial crisis.
00:14We talked about this two days ago.
00:16According to Reuters...
00:18AirAsia's current liabilities amount to RM18.4 billion.
00:23But their cash and bank deposits
00:26But only less than 1 billion remained.
00:28The difference is too big.
00:30The news is still going on
00:31Our government has activated the worst-case scenario contingency plan.
00:35It was a covert inquiry into Malaysia Airlines and Batavia.
00:38Just in case AirAsia really does go under.
00:42So these two companies are competitors.
00:44Does it have the capability to take over all of AirAsia's domestic routes?
00:48Then, with a series of bad news being exposed
00:51This immediately triggered huge panic in the market.
00:54Shares of AirAsia Group and its subsidiary Capital A
00:57A brutal massacre was carried out in just one day.
01:00AirAsia Group's A-shares and H-shares closed down 13.5% on Thursday.
01:05It slid down to only 50.5 cm.
01:08This not only set a record low in nearly four years.
01:11This triggered a frenzy of selling by stock investors.
01:14Trading volume exceeded 150 million shares.
01:16It became the second hardest-hit area in the Malaysian stock market that day.
01:19As for Capital A, it was not spared either.
01:22Also ranked third on the list of most popular sell-offs.
01:26So what about this crisis that's being talked about everywhere?
01:29AirAsia founder Tony Fernandes
01:32An emergency media briefing was held today in Thailand.
01:35Clarifications were provided for the core questions.
01:38Tony said AirAsia did not make any requests.
01:41There is no need for government bailouts or relief.
01:45These arrangements are not needed.
01:46He said the company doesn't have Sugar Daddy backing it up.
01:49They can only weather this crisis on their own.
01:52But he is confident that with his reserves of over RM11,000...
01:57That's enough to keep AirAsia's business running.
02:01Tony emphasized
02:03The current challenges posed by high aviation fuel prices
02:06It's nowhere near as serious as during the COVID-19 pandemic.
02:08There was no way to fly at that time.
02:11However, AirAsia is still able to continue operating.
02:14Moreover, passenger demand remains strong.
02:17Tony also refuted the allegations against the government.
02:19They had previously contacted other airlines to take over AirAsia's routes and passenger base.
02:24News reports
02:24According to his sources
02:26Government officials felt that discussing this matter was pointless.
02:30Moreover, from a practical point of view
02:32Other airline groups are unlikely to easily replace AirAsia.
02:36Tony said he would take over AirAsia's business.
02:38It's not as simple as just adding more planes.
02:41It must also have a corresponding cost structure.
02:43Brand, market coverage, route network, transfer system, etc.
02:48Even if other competitors want to take over AirAsia's current market share
02:52It may not be possible to achieve such a low-cost structure.
02:55Directly fill their market position
02:59Tony emphasized
03:00AirAsia Group has already signed an agreement with the Middle East.
03:04$1 billion financing term sheet
03:07However, their group is still negotiating for even more favorable terms.
03:11Therefore, the final capital injection process has been postponed.
03:13He said AirAsia is targeting December 2026 to January 2027.
03:18Complete this overall financing
03:20And the market's reaction
03:21He said it was quite enthusiastic.
03:23Attracting investors from Europe, the United States, and the Middle East
03:27And this widespread interest in the bond market
03:30However, among the many sources of funding
03:32AirAsia prefers to prioritize loans from local banks.
03:37This ensures consistency between the currency of loans and income.
03:41This reduces the risk of exchange rate fluctuations.
03:43Although Tony kept sending out positive signals
03:46Attempting to reverse AirAsia's recent slump
03:49However, Bloomberg reports indicate that...
03:51Facing the pressure of continuously rising fuel costs
03:54AirAsia Group over the past year
03:56A rare occurrence: the sale of six newly delivered aircraft.
04:00Two of them were sold in July of this year.
04:04This shows that the group was facing tight operating costs.
04:06They had to liquidate aircraft assets to increase cash flow.
04:11Next, let's see what AirAsia's leadership does.
04:13Can the crisis be turned into an opportunity?
04:16He led the group to turn the tide against all odds.
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