India Rate Hike

DJ sinks after India rate hike addded by investors took profit from recent gain..so this movement ll drag KLCI to be more lower this monday..


AIRASIA

LOW-COST carrier (LCC) AirAsia Group (5099) expects to carry some 27 million passengers this year, up from the 24 million passengers achieved last year.

AirAsia group chief executive officer Datuk Seri Tony Fernandes said AirAsia, together with its long-haul affiliate, AirAsia X will be able to achieve 27 million passengers as load factors remain strong and signs of economic recovery are underway.
We will use the new plane deliveries this year to continue driving our initiative of becoming a full-fledged Asean carrier this year," Fernandes told reporters at an AirAsia event in Sepang, Selangor, yesterday.

Despite AirAsia deferring the delivery of eight new A320s this year, it will still be taking in 16 new A320s, with most planes being utilised by its associates, Thai AirAsia and Indonesia AirAsia.
Fernandes also said that flights to Thailand are continuing as per normal with healthy load factors despite the current political turbulence in Bangkok.
THESTAR