Key facts
- AirAsia co-founder Tony Fernandes criticized Singapore Airlines' in-flight meals.
- Singaporeans are increasingly choosing to forgo car ownership.
- AirAsia faces scrutiny over its financial situation, with analysts expressing concern.
- Fernandes stated AirAsia does not need government assistance and expects earnings to improve.
- AirAsia is reportedly seeking US$1 billion in financing.
Seven stories from the South China Morning Post highlight topical issues in Asia over the past week. Among them, AirAsia co-founder Tony Fernandes' remarks about Singapore Airlines' in-flight meals have drawn criticism, while in Singapore, a growing number of residents are opting for a 'car-lite' lifestyle.
Fernandes had taken aim at Singapore Airlines’ (SIA) in-flight meals, claiming they lagged behind his own airline's offerings. This comment subsequently led to social media backlash.
In Singapore, the trend towards a 'car-lite' lifestyle is evident. Andrew Tan, for instance, decided against renewing his certificate of entitlement (COE), a costly permit required to own and operate a vehicle in the city-state, which would have cost him S$112,000 (US$87,400).
Separately, AirAsia's financial situation has come under scrutiny. Despite Fernandes' assurances that the airline does not need government help and is on track to improve earnings, analysts remain concerned. Reports suggest Malaysian authorities have been assessing the airline's financial position, with rival carriers Malaysia Airlines and Batik Air indicating their capacity to absorb AirAsia's domestic market share if necessary. Fernandes, however, expressed confidence in securing US$1 billion in financing by January, stating the company has always navigated crises successfully.