Tuesday, May 24, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Enterprise

AirAsia Group Is Now Capital A; Reveals Ambitious Five-Year Targets

The company expects 50% of revenue to come from its non-airline businesses by 2026.

by Chief Chapree
January 28, 2022
AirAsia Group Is Now Capital A; Reveals Ambitious Five-Year Targets
133
SHARES
2.7k
VIEWS
Share on FacebookShare on Twitter

AirAsia Group has officially changed its name to Capital A following the recent approval by its shareholders. The new name is meant to reflect the group’s current aspiration which has since gone beyond its airline business.

As air travel was extensively grounded for the past two years due to the global COVID-19 pandemic, the company has put more focus on its non-aviation businesses. Alongside the massive push for the AirAsia Super App, it has led to the establishment of new services such as AirAsia Grocer (formerly known as AirAsia Fresh), AirAsia Food, AirAsia Beauty, AirAsia Money, and AirAsia Ride.

Today’s announcement does not mean the company will stop using the AirAsia branding though. The switch to Capital A is only for the main holding company while any products that have AirAsia branding in them will remain as they are at the moment.

Alongside the new name, Capital A also said that it expects 50% of revenues to come from its non-airline businesses within the next five years. In the same duration, the company also aims to have 75% of customer transactions take place through AirAsia Super App alongside 21.3 million monthly orders for AirAsia Grocer and 10 million monthly active BigPay users.

ADVERTISEMENT

As for its aviation group, Capital A is looking to connect more than one billion people throughout the Southeast Asia region via its airlines by 2026 while working to have Asia Digital Engineering as a key player in the regional aviation maintenance, repair, and overhaul industry. Its logistics arm, Teleport has also been tasked to capture 10% of the cargo market share in this region as well as 9% for the delivery market share.

Last but not least, AirAsia Academy also aims to have 5 million signups from now until 2026. All of these targets seemed rather ambitious for a company that recently has received Practice Note 17 (PN17) classification from Bursa Malaysia but its CEO, Tony Fernandes said that the classification has no effect on Capital A and has also highlighted the fact that it managed to raise RM 2.5 billion in funding last year with another RM 1 billion that is already in the works.

On a related note, Tony has also revealed that AirAsia Super App is currently working to launch a subscription service called Unlimited. You can check out our previous report right here for more information regarding the upcoming service which is currently being prepared to launch in March.

Tags: airasiaairasia academyairasia digitalairasia super appAsia Digital Engineeringbigpaycapital aredbeat capitalteleport
Updated 4:27 pm, Mon, 31 January 22
Back to top
Share53Tweet33SendShare

ADVERTISEMENT

RELATED ARTICLES

It’s Official: AMD Now The Proud Owner Of Xilinx
Enterprise

It’s Official: AMD Now The Proud Owner Of Xilinx

by John Law
February 15, 2022

AMD has officially signed the papers to acquire Xilinx, The US-based semiconductor manufacturer. The acquisition, which has long been in...

Read more
Toshiba’s Potential Acquisition By CVC Capital Partners Comes To A Halt
Enterprise

Toshiba Splitting Up The Family Into Multiple Entities

by John Law
November 16, 2021

Toshiba recently announced that it has made the decision to break up its business into three standalone entities. Those companies...

Read more
MDEC Go-eCommerce Expo Is Back For 2021
E-commerce

MDEC Go-eCommerce Expo Is Back For 2021

by Ikmal Rozlan
September 20, 2021

The Malaysia Digital Economy Corporation (MDEC) today has officially launched the 2021 edition of its virtual e-commerce conference, the Go-eCommerce...

Read more
By Developers, For Developers: Red Hat KubeNativeDev Tech Talk Series
Enterprise

By Developers, For Developers: Red Hat KubeNativeDev Tech Talk Series

by John Law
August 25, 2021

Are you a developer? Do you have a deep-seated interest in Kubernetes-native applications? Do you wish to better and improve...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Photography

    Huawei and Leica Partnership Is Officially Over

  2. 2
    Transportation

    Proposals For New Klang Valley Highways Approved To Reduce Congestion

  3. 3
    Travel

    Thai AirAsia X Files For Bankruptcy Protection

  4. 4
    Gaming

    Diablo Immortal Gets Delayed In Asia Pacific To 23 June

  5. 5
    Transportation

    MRT Putrajaya Line Phase 1 To Launch On 16 June

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.