Jonathan Burgos Forbes Staff

17 Posts

Swiss Aviation Tycoon Set To Expand Vista Global’s Private Jet Fleet As Travel Rebounds

Vista Global founder Thomas Flohr aims to almost triple its number of private jets to 1,000 aircraft by 2030 amid soaring demand in Asia...

Tycoon Tony Fernandes’ Capital A To Consolidate Aviation Business Under AirAsia X Amid Travel Rebound

Capital A—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun—plans to consolidate its aviation businesses under the group’s long-haul subsidiary AirAsia X amid a...

Vietnamese Billionaire Pham Nhat Vuong-Backed VinFast Ships First Batch Of Electric SUVs To U.S.

VinFast—an electric carmaker backed by Vietnam’s richest man, Pham Nhat Vuong—is shipping its first batch of electric sports utility vehicles to the U.S., challenging...

Tycoon Tony Fernandes’ AirAsia X Returns To The Black Amid Post-Pandemic Travel Rebound

AirAsia X (AAX)—the long-haul airline unit of Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s budget carrier AirAsia Group— returned to the black amid a...

Billionaire Lim Kok Thay’s Genting Singapore Profit Doubles Amid Post-Pandemic Travel Rebound

Genting Singapore—controlled Malaysian billionaire Lim Kok Thay—said Thursday its profit more than doubled in the third quarter amid a post-pandemic travel rebound as international...

Tycoon Tony Fernandes’ AirAsia Group Q1 Traffic Nearly Quadruples As Pandemic Travel Restrictions Ease

AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A Berhad—said first quarter traffic at its airlines across Southeast Asia nearly quadrupled,...

Hotel Chains From Hilton To Shangri-La Are Expanding Across Asia On Post-Pandemic Recovery Hopes

Hotel chains from Hilton—the world’s second largest hospitality group—to billionaire Robert Kuok’s Shangri-La are accelerating expansion plans across the Asia-Pacific region, betting on a...

Malaysian Tycoon Tony Fernandes’ AirAsia X Completes Restructuring; To Reverse $7.9 Billion Of Debt Provisions

AirAsia X—the long-haul subsidiary of Malaysian tycoons Tony Fernandes and Kamarudin Meranun’s Capital A—has completed its debt restructuring, paving the way for the airline...

World’s Top Restaurant Noma In Talks With Billionaire Peter Lim To Explore Opportunities In Asia

The company behind Denmark’s Noma—which was voted last year as the world’s best restaurant for the fifth time—is in talks with Singapore billionaire Peter...

Billionaire Lucio Tan’s Philippine Airlines Boosting Flights By 52% Amid Tourism Recovery Hopes

Philippine Airlines—controlled by billionaire Lucio Tan—is increasing its scheduled flights by 52% this month amid optimism tourism will recover as the country reopens its...

Billionaire Lim Kok Thay’s Genting Adding Electronic Betting In The U.S. As Casino Operator Narrows Losses

Genting Bhd—controlled by Malaysian billionaire Lim Kok Thay—is expanding its presence in the U.S. by adding electronic betting to its operations as growing contributions...

Malaysian Tycoon Tony Fernandes’ AirAsia To Launch Air Taxi Service Across Southeast Asia By 2025

AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun—plans to launch an air taxi ride-sharing service across Southeast by 2025 as the loss-making airline...

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