AirAsia renamed Capital A to show it's more than an airline
ABC News
Malaysia’s AirAsia Group has changed the name of its listed holding company to Capital A to reflect the diversity of its business portfolio as it seeks to grow its non-airline revenue
KUALA LUMPUR, Malaysia -- Malaysia's AirAsia Group said Friday it has changed the name of its listed holding company to Capital A to reflect the diversity of its business portfolio as it seeks to grow its non-airline revenue.
Capital A CEO Tony Fernandes said the COVID-19 pandemic has allowed the group to accelerate plans to grow beyond the airline business to become a “one-stop digital travel and lifestyle services group."
The airline retains the AirAsia brand name. But the group will focus more on expanding other businesses including logistics, aircraft engineering, venture capital, education and mobile applications for payments, travel and lifestyle.
“It's a significant milestone that marks a new era for the group. Today's announcement is about telling the world that we are much more than an airline," Fernandes said. He said he expects non-airline businesses to contribute half of group revenue by 2026.
