MoKa777 wrote:zeke wrote:jeffrey0032j wrote:Look at it this way, it is likely that BOCA has determined that given the analysis that they have, including a calculated probability of AAX shutting down for each of the scenarios (1) Let the plan fail and AAX folds, 2) follow a pro-Airbus plan or 3) contest against the plan), they may had determined that the expected payoff in supporting Airbus's attempts (2) is worse off than one that supports BOCA themselves (3) AND the scenario that they allow AAX to fold (1).
I think the likelihood of Airbus taking equity in an airline is close to zero, Airbus are not in the business of running an airline (also presents anti-trust issues). Also I doubt any Malaysian court will grant the Chinese Government (BOCA) equity in a Malaysian international carrier. Then there is the legal aspect of ownership and control to be majority Malaysian for international services. BOCA should be directed to take their aircraft and exit stage left, this is a normal risk all lessors have to deal with, they should not be getting Malaysian government aid. They do not need leased aircraft at the moment.
Airbus should walk away with their deposits and undelivered aircraft. If and when Air Asia need aircraft in the future new terms would be established, and they are bound not to as favorable as previous terms.
Best option going forward I would think is for Air AsiaX to close, and Air Asia to focus on a smaller core network with A320s.
To the last paragraph, I would say, longer-range routes can be explored with the A321LR/XLR, which can allow uncomplicated and cost-effective expansion (as long as it is done in a metered way.)
It’s the best option but shutting down an airline bitter pill to swallow when you have a big ego (like Tony does) and of course Airbus doesn’t want to slash almost a quarter of the A330neo’s orderbook at once.