AirAsia’s Parent Company Capital A Expanding Operations in India, Aims to Boost Tourism

AirAsia's Parent Company Capital A Expanding Operations in India, Aims to Boost Tourism

VoM News Desk | September 11, 2023 | 04:52 PM IST | Asia, Breaking News, World | Follow on Google News

AirAsia’s Parent Company Capital A Expanding Operations in India, Aims to Boost Tourism. Image /EPS

Kuala Lumpur, September 11, 2023: Capital A, the parent company of AirAsia, is focusing on expanding its operations in the Indian market, according to CEO Tony Fernandes. While speaking at the 21st Forbes Global CEO Conference, Fernandes expressed optimism about the Indian market and highlighted the company’s efforts to bring in more tourists to the country.

Capital A, formerly known as AirAsia Group, sold its Indian airline subsidiary to the Tata Group last year. Fernandes mentioned that the company is actively collaborating with the Tata Group and aims to work closely with the conglomerate.

Tata Group-owned Air India had signed agreements to acquire a 100% stake in AirAsia India last year and initiated the process of merging with Air India Express to create a single low-cost carrier in India. The merger is expected to be completed by the end of 2023.

Fernandes emphasized AirAsia’s commitment to providing greater connectivity in India and mentioned that the airline operates approximately 15 landing points in the country, including the recent addition of Amritsar, which connects to Kuala Lumpur.

“We very much want to open up with other destinations in India, linking with secondary and tertiary airports or T2 and T3,” Fernandes stated, highlighting the company’s plans for expanded operations in India.

He also noted that AirAsia is experiencing significant traffic both to and from India, with 60% of passengers on Indian routes originating from outside India and 40% consisting of diaspora and tourists visiting the country.

“The Indian market has been profitable,” Fernandes concluded, expressing confidence in the airline’s profit and revenue prospects in India.

Capital A is an investment holding company with a portfolio of travel and lifestyle businesses leveraging data and technology, including AirAsia.

VoM News Desk

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