AirAsia parent Capital A is optimistic on short-term growth and profitability in its aviation portfolio as it prepares for the arrival of new aircraft.
AirAsia parent Capital A has raised nearly half a billion dollars to finance aircraft leasing and continue its efforts to bring aircraft out of storage.
AirAsia has recorded its highest-ever quarterly performance and expects to increase its fleet to more than 200 operational aircraft by the end of 2024.
The Malaysian Aviation Commission flagged the potential lack of aircraft capacity in the market, which could stem an otherwise rapid post-pandemic recovery.
AirAsia’s latest subsidiary carrier AirAsia Cambodia will start operations May 2 and international service will commence as early as the third quarter of 2024.
The proposed merger would bring the AirAsia Group more in line with other major Asia-Pacific LCCs that operate widebodies and narrowbodies in a single airline
