AirAsia revamp sees new entity overseeing airline business

AirAsia revamp sees new entity overseeing airline business

Wholly-owned subsidiary AirAsia Investment is renamed AirAsia Aviation to help create a distinction between the group’s airline and digital businesses.

The four airlines in the group, namely AirAsia Malaysia, AirAsia Philippines, AirAsia Thailand, and AirAsia Indonesia, will now come under AirAsia Aviation. (Bernama pic)
KUALA LUMPUR:
AirAsia Group Bhd has renamed its wholly-owned subsidiary AirAsia Investment Ltd to AirAsia Aviation Ltd following a reorganisation exercise to create a distinction between the group’s airline and digital businesses.

In a filing with Bursa Malaysia today, AirAsia Group said Bo Lingam, who is the former president (airlines) for AirAsia Group, is now group chief executive officer of AirAsia Aviation.

His role is to oversee the four airlines in the group, namely AirAsia Malaysia, AirAsia Philippines, AirAsia Thailand, and AirAsia Indonesia.

“This structural change helps facilitate strong projected growth in both airline and non-airline portfolio businesses.

“The AirAsia Aviation entity holds the group’s existing airline investments and paves the way for new airline ventures to be formed in due course,” Lingam said.

He added that the company has also established a new AirAsia consulting division, tasked with reviewing new airline partnerships and franchise opportunities.

“We look forward to the reopening of international borders as the next key milestone.

“We will continue to review new markets to operate from in the future, like Cambodia, where we can connect Asean once again with the best value fares and lifestyle offerings,” Lingam said.

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