Introduction to AirAsia Established in 1993 and officially started its operation on 18 November 1996‚ AirAsia is a low cost carrier (LCC) airline in the aviation industry. On 2 December 2001‚ the heavily-indebted government-linked commercial airline was bought over by the current Chief Executive Officer (CEO) of AirAsia‚ Tony Fernandes. From then‚ AirAsia cleared its former debts which worthed USD 11 million and became a profit-making low cost carrier. The main hub of AirAsia is in Kuala Lumpur
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Describe both the positive and negative impacts of globalization to Singapore There are many definitions for globalization. With the rapid development of technical inventions and increasing economic bonding‚ most tend to regard ’’globalization’’ as a non-border platform‚ where the exchange of goods‚ resources‚ and information in all aspects take places vigorously in the present world. Apart from those materials‚ the movement of people also becomes frequent when the connection to every corner in
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International Element/ Global Condition The main global competitors of AirAsia are Firefly‚ Tiger Airways and Jetstar Asia. All these international airlines have adapted the AirAsia’s low cost concept and can be a threat to AirAsia. “Knowing the increase of competition in the market‚ AirAsia applied the adaptation process (Hanan & Freeman‚ 1984) by expanding its operation to long haul services to various destinations. Moreover‚ AirAsia realised the price is destructive and try to avoid direct price
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The Negative and Positive Effects of Tourism Submitted by Arianne Smith DeVry University Tourism Management‚ Warren John Fall 2011 Abstract The current research paper covers the main effects of global tourism‚ both positive and negative. International tourism is a significant sector of business. For some countries it is one of the main sources of national income. The most important positive economic effects of tourism are as follows: increase in budget revenues‚ production expansion‚ stimulation
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U ANNUAL REPORT – –– SHANGRI-LA HOTELS (MALAYSIA) BERHAD CONTENTS 2 4 10 22 23 24 25 30 35 38 42 49 49 51 109 112 115 Group Financial Highlights Chairman’s Statement Operations Review Corporate Structure Financial Calendar Corporate Data Profile of Board of Directors Statement on Corporate Governance Statement on Internal Control Audit Committee Report Corporate Social Responsibility Additional Compliance Information Statement on Directors’ Responsibility Financial Statements Group
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Pros and Cons of Cloning The process of cloning has remained one of the most controversial topics as debates continue about the pros and cons of Cloning. Cloning which is the process of duplicating DNA or living stem cells can be dated back to over 200 years ago. The two most common types of cloning are Therapeutic Cloning and Reproductive Cloning. Therapeutic cloning is a process that specifies the use of cloning stem cells for the treatment of an illness or disability (Ham‚ 2007). Reproductive
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The ascendance of AirAsia 1. What is the macro and industry environment for new budget airlines in the Asia- Pacific region? What opportunities and challenges are associated with that environment? People in the Southeast Asian have low average incomes. The low average incomes should boost the cheap fares demands. In recent years‚ because of the government decreased the entry barrier of airline industry‚ more and more carriers entered the airline market. The Southeast
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Work Motivation -Studies of its Determinants and Outcomes Christina Bjorklund AKADEMISK AVHANDLING Som for avlaggande av filosofie doktorsexamen vid Handelshogskolan i Stockholm framlaggs for offentlig granskning fredagen den 27 april 2001‚ kIlO.I5 i Aulan‚ Handelshogskolan‚ Sveavagen 65. Work Motivation -Studies of its Determinants and Outcomes tJl\ STOCKHOLM SCHOOL OF ECONOMICS EFI‚ THE ECONOMIC RESEARCH INSTITUTE ~~‚- ’ EFIMission EFI‚ the Economic Research Institute at
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Team +60 (3) 9207 7688 research2@my.oskgroup.com Corporate News Flash Malaysian Airline System Union Picketing on Collaboration THE BUZZ SELL Fair Value Previous Price TRANSPORT RM1.15 RM1.35 RM1.33 Malaysia’s airline workers have given their bosses two months to cancel the share swap deal or face protests in December. All eight workers’ unionized groups want MAS to buy back the shares that have been sold to AirAsia while returning those bought from the budget carrier. Besides Maseu (MAS
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CAEA 3301 AIRASIA BERHAD DATE OF SUBMISSION: 2 APRIL 2008 QUESTION 1 COMPANY BACKGROUND AirAsia is one of the businesses that have successfully adopted cost leadership through operational effectiveness and efficiency. The cost advantages have enabled AirAsia to become the Asia’s leading low fare airline. Established on 12 December 2001‚ AirAsia has been such a big phenomenon in airline industry especially in Asia. By using a simple but strong slogan “Now Everyone Can Fly”‚ AirAsia has successfully
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