Latest news with #Fernandes
Yahoo
2 days ago
- Business
- Yahoo
Juventus weigh up move for Southampton's Mateus Fernandes
Juventus are considering a loan move for Southampton midfielder Mateus Fernandes this summer (h/t La Gazzetta dello Sport). The Bianconeri are scouring the market for reinforcements as they want to back manager Igor Tudor with a strong squad heading into the new season. Advertisement Signing a midfielder is one of the objectives, with Douglas Luiz facing an uncertain future in Turin. The Brazilian has failed to make his mark since his €50 million from Aston Villa, leading to the reports that he could be on the move this summer. A return to the Premier League has been touted, with Villa and Nottingham Forest among the suitors for Luiz. The Bianconeri could be open to selling Luiz and reinvest in a top midfielder, with Fernandes emerging as a potential target. Despite the Saints' relegation last season, Fernandes has been a bright spot, showing incredible consistency. The 20-year-old registered three goals and six assists in 49 games across all competitions. Advertisement He displayed great versatility to play anywhere in the midfield and in the forward line. His eye-catching stats place him among the finest young midfielders in Europe. The Bianconeri are looking to establish contact with his agent Jorge Mendes, who also represents Francesco Conceicao, currently on loan at Juve from Porto. Fernandes' stock could rise this summer as he is currently playing a pivotal role for Portugal at U-21 Euros. The Saints have placed a price tag worth €35 million. Leeds United, Crystal Palace and Nottingham Forest are keen on his services. Juve are currently prioritising a high-profile centre-forward, identifying Victor Osimhen and Viktor Gyokeres as top targets. Advertisement But their enormous valuation makes them a far-fetched target unless the Old Lady maximise their sales. Dusan Vlahovic's future at Allianz Stadium is up in the air as the renewal talks have hit a standstill. Juve are ready to sell the Serbian for the right offer, but there has hardly been any concrete interest from the suitors.
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Business Standard
2 days ago
- Business
- Business Standard
AirAsia seeks jets for growth but restructuring first priority: CEO
Airline entrepreneur Tony Fernandes, CEO of AirAsia owner Capital A Group, said on Wednesday he is in talks to buy 50 to 70 Airbus A321XLR jetliners, but signalled the first priority was to complete the group's restructuring. Asia's largest low-cost carrier also remains in talks to buy 100 smaller Airbus A220 or Embraer E2 regional jets but Fernandes, a veteran of eye-catching order announcements, all but ruled out an expected deal at this week's Paris Airshow. "I don't think there'll be an order at this air show. Were still doing a lot of work with Airbus and other (manufacturers).... I think we'll look to do something imminently, in the next 1-3 months," Fernandes told Reuters in an interview. "We want to make sure we clear out of our restructuring. The great thing is, we're back in the growth stage." The Malaysia-based low-cost carrier operates an all-Airbus fleet and is one of Airbus' biggest customers, having staged a series of dramatic air show finales after last-minute talks. The comments came after industry sources said AirAsia was in advanced discussions to place an order for at least 100 Airbus A220 regional jets at the Paris Airshow, with rival Embraer also vying for a chance to win a major breakthrough for its E2 jet. Two industry sources said Airbus had made an "aggressive" offer to boost orders for its A220 and win a launch customer for a new 160-seat version, or kickstart a larger version still on the drawing board, but that barring any further twist in negotiations on Wednesday the talks had stalled partly over financing. "There is no deal," one of the sources said. One of Airbus' biggest customers with over 350 planes on order, AirAsia has not placed an order since the pandemic, but ended a gap in deliveries by taking four Airbus jets last August, marking what it described as a new growth milestone. It has been steadily restructuring its order book as it faced financial difficulties after a slump during COVID-19. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this so-called PN17 status by the middle of this year as it pursues a recovery. NETWORK EFFECT Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. The group also needs consent letters from creditors, of which it has "virtually all of them," Thai Stock Exchange approval, and to raise new capital. "I am hoping we can wrap up this process in June and complete everything by the end of July .... We are getting closer to my liberation day, not Donald Trump's liberation day," Fernandes said in a play on the nickname for US tariffs. He said new investors had been "locked in," but declined to provide specific details ahead of any formal announcement. Bloomberg reported in March that the Saudi Public Investment Fund was set to invest in AirAsia. "We never confirmed (PIF) or not, but we have all our capital locked in and as soon as we get the consent letters and the Thai Stock Exchange we will announce who the new capital is," Fernandes said. AirAsia has led a boom in low-cost carriers in the region in the past two decades as incomes rose. Such carriers offer bargain fares by driving costs as low as possible, with large fleets of one aircraft type driving efficiencies of scale. Fernandes said the airline was ready to tweak that approach by picking smaller planes in a different category. What does the network need? It needs lots of frequency and it needs the ability to go to more destinations. Fernandes said he is still in discussions with China's COMAC about a potential order for its C919 narrowbody aircraft, though trade tensions between China and the US - which sources say has suspended engine deliveries - remain a possible obstacle. We received an offer from COMAC. The geopolitics don't help ... we need to be confident that that's going to be OK, but it's a good aircraft and well certainly look at it.
The Star
2 days ago
- Business
- The Star
AirAsia owner seeks jets for growth but restructuring first priority, CEO says
Capital A chief executive officer Tan Sri Tony Fernandes. PARIS: The CEO of Capital A Group, Tan Sri Tony Fernandes, said on Wednesday the owner of AirAsia is in talks to buy 50 to 70 Airbus A321XLR jets in coming months, but that the first priority is to complete the group's restructuring. Asia's largest low-cost carrier also remains in talks to buy 100 Airbus A220 or Embraer E2 regional jets but there is unlikely to be any announcement on plane orders at this week's Paris Airshow, he told Reuters in an interview. "I don't think there'll be an order at this air show. We're still doing a lot of work with Airbus and other (manufacturers).... I think we'll look to do something imminently, in the next 1-3 months," Fernandes said. "We want to make sure we clear out of our restructuring. The great thing is, we're back in the growth stage." The Malaysia-based low-cost carrier operates an all-Airbus fleet and is one of Airbus' biggest customers. The comments came after industry sources said AirAsia was in advanced discussions to place an order for at least 100 Airbus A220 regional jets at the Paris Airshow, with rival Embraer also vying for a chance to penetrate the all-Airbus carrier. AirAsia has also had an offer from China's COMAC, Fernandes said. AirAsia has previously said it was looking to add smaller planes for regional routes. One of Airbus' biggest customers with over 350 planes on order, AirAsia has not placed an order since before the pandemic, but ended a gap in deliveries by taking four Airbus jets last August, marking what it described as a new growth milestone. It has been steadily restructuring its order book as it faced financial difficulties. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this so-called PN17 status by the middle of this year as it pursues a recovery. Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. The group also needs consent letters from creditors, of which it has "virtually all of them," a Thai approval and to raise new capital. "I am hoping we can wrap up this process in June and complete everything by the end of July. We are getting closer and closer," Fernandes said. Fernandes said new investors had been "locked in," but declined to provide specific details ahead of any formal announcement. - Reuters
Yahoo
2 days ago
- Business
- Yahoo
Juventus weigh up move for Southampton's Mateus Fernandes
Juventus are considering a loan move for Southampton midfielder Mateus Fernandes this summer (h/t La Gazzetta dello Sport). The Bianconeri are scouring the market for reinforcements as they want to back manager Igor Tudor with a strong squad heading into the new season. Advertisement Signing a midfielder is one of the objectives, with Douglas Luiz facing an uncertain future in Turin. The Brazilian has failed to make his mark since his €50 million from Aston Villa, leading to the reports that he could be on the move this summer. A return to the Premier League has been touted, with Villa and Nottingham Forest among the suitors for Luiz. The Bianconeri could be open to selling Luiz and reinvest in a top midfielder, with Fernandes emerging as a potential target. Despite the Saints' relegation last season, Fernandes has been a bright spot, showing incredible consistency. The 20-year-old registered three goals and six assists in 49 games across all competitions. Advertisement He displayed great versatility to play anywhere in the midfield and in the forward line. His eye-catching stats place him among the finest young midfielders in Europe. The Bianconeri are looking to establish contact with his agent Jorge Mendes, who also represents Francesco Conceicao, currently on loan at Juve from Porto. Fernandes' stock could rise this summer as he is currently playing a pivotal role for Portugal at U-21 Euros. The Saints have placed a price tag worth €35 million. Leeds United, Crystal Palace and Nottingham Forest are keen on his services. Juve are currently prioritising a high-profile centre-forward, identifying Victor Osimhen and Viktor Gyokeres as top targets. Advertisement But their enormous valuation makes them a far-fetched target unless the Old Lady maximise their sales. Dusan Vlahovic's future at Allianz Stadium is up in the air as the renewal talks have hit a standstill. Juve are ready to sell the Serbian for the right offer, but there has hardly been any concrete interest from the suitors.
The Sun
7 days ago
- Business
- The Sun
AirAsia to honour journalist on aircraft for HAWANA 2025
KUALA LUMPUR: AirAsia will hold discussions with the government to select a journalist whose name will be featured on one of its aircraft as a tribute to the fraternity's contributions to the nation, as announced during the HAWANA 2025 celebration today. AirAsia co-founder and Capital A Bhd chief executive officer Tony Fernandes said the name will be chosen by Prime Minister Datuk Seri Anwar Ibrahim and Communications Minister Datuk Fahmi Fadzil. 'It will be launched at Kuala Lumpur International Airport Terminal 2 once the name has been selected,' he said after attending the National Journalists' Day (HAWANA) 2025 celebration at the World Trade Centre today. Earlier, Fernandes said he had long envisioned naming the carrier's aircraft, and chose to launch the initiative at HAWANA 2025. In addition to the journalist's image and customised liveries, the aircraft will also include onboard materials highlighting the local media landscape for passengers. Regarding the mechanism for media personnel in Malaysia to apply for the 50 percent discount, Fernandes said AirAsia will set up a dedicated webpage, and the discount may be redeemed using a special voucher issued by the Information Department (JaPen). Earlier in his speech, Fahmi announced that accredited media practitioners holding JaPen-issued press cards would be entitled to a one-off 50 percent discount on return airfares to 57 ASEAN destinations. The initiative is part of a strategic collaboration between the Ministry and AirAsia in conjunction with Malaysia's ASEAN 2025 Chairmanship. He added that bookings will be open until Dec 31, 2025, for travel between April and September 2026. Further details, including the booking mechanism, will be announced by JaPen soon.
