KUALA LUMPUR: AirAsia Group Bhd
has finalised the name change of its listed holding firm to Capital A Bhd to reflect its rising portfolio of journey and way of life companies.
Capital A chief government officer Tan Sri Tony Fernandes mentioned right this moment’s announcement reinforces that the corporate is not only an airline anymore, reliant on airfares.
“While the airline will all the time retain the AirAsia model, it has lengthy been my agency intention, properly earlier than the COVID-19 disaster hit air transport, to leverage the sturdy knowledge we now have constructed over 20 years and incorporate industry-leading new applied sciences to supply a broad vary of services.
“Our model has constantly developed based mostly on driving innovation and assembly ever-changing client demand,” he mentioned on the group’s name change announcement, right here, right this moment.
Fernandes mentioned Capital A just isn’t solely an aviation firm however it is usually an funding holding firm with a broad portfolio of companies reminiscent of logistics, way of life and monetary companies.
“Just like what the airline has carried out from day one, all of our completely different traces of business will ship the identical strategy that’s underscored by doing what we do greatest, that’s making journey and on a regular basis way of life companies inexpensive, accessible and inclusive to all.
“We at the moment are delivering extra services underneath one umbrella than some other model in Asean and with entry to over 700 million individuals within the area, I foresee unbelievable development alternatives for our model throughout many alternative industries in all of our core markets,” he mentioned.
Fernandes defined that AirAsia has 16 services on its tremendous app, offering not solely the perfect worth for air journey and offers but in addition on a regular basis way of life wants, from meals to retail and e-commerce, to same-day supply, ride-hailing and far more.
“We are already one of many high three on-line journey brokers (OTAs) in Asean and our tremendous app is on monitor to turn into the main way of life app within the area quickly.
“All of our portfolio companies are properly on the way in which to turning into {industry} leaders of their respective fields throughout Southeast Asia, together with BigPay, our plane engineering division Asia Digital Engineering (ADE), and logistics enterprise Teleport,” he mentioned.
According to Fernandes, the AirAsia name is without doubt one of the strongest manufacturers in Asia and gives a stable platform for all the group’s services to leverage from one another.
“Even although the final two years have been essentially the most tough and disrupted years within the historical past of economic aviation, I welcome the 12 months forward with a lot higher confidence.
“We count on our digital and non-airline revenues to contribute round 50 per cent to the group in 5 years,” he famous.
Commenting on the influence of upper oil costs on the aviation section, he mentioned it was not a serious fear for the group proper now.
At the time of writing, the benchmark Brent crude oil stood at US$89.93 (US$1=RM4.19) per barrel, rising 0.66 per cent. – Bernama
