Kuala Lumpur, 28th January 2022 – Kuala Lumpur, 28 January 2022 – AirAsia Group Berhad has announced a name change for the group holding company to become Capital A Berhad, better reflecting the company’s growth as an investment holding company with a portfolio of synergistic travel and lifestyle businesses which is more than just an airline.
The name was successfully registered by the Companies Commission of Malaysia and announced on 3 January, and the subsequent formal approvals were received on 27 January 2022, with the AirAsia stock name on the main Board of Bursa Malaysia Securities Berhad changing with immediate effect.
Tony Fernandes, CEO of Capital A, explained that the name change better reflects the company’s 20 years of growth in leveraging data and technology to expand offerings as a one-stop digital travel and lifestyle services group, and he gave the assurance that it would continue providing services with their same company strategy and culture.
While the company is rebranded into Capital A, all operating airlines under the group will retain the AirAsia brand under the holding company known as AirAsia Aviation Group Limited (formerly known as AirAsia Aviation Limited). Tony also expressed confidence in the airline business returning to normal capacity by the middle to third quarter of 2022.
Capital A has also announced that they have a five-year plan for non-airline revenues to contribute around 50% of their overall revenue by 2026, revolving around the continued growth of the other businesses in their portfolio: the airasia Super App, fintech business BigPay, aircraft engineering division Asia Digital Engineering (ADE), logistics venture Teleport, edutech arm AirAsia Academy, and airasia Grocer.
