Skift Take
Two days ago, Tony Fernandes announced that he’s putting retirement aside for the next five years. On Thursday he announced AirAsia Move’s plans to be the biggest OTA in Southeast Asia and a day later, he’s talking about his ambition to position AirAsia as the largest low-cost airline group in Asia.
Capital A has announced an agreement for the divestment of its airline business and the acquisition of AirAsia X, forming a unified AirAsia Group.
The acquisition, valued at approximately MYR6.8 billion ($1.4 billion), positions AirAsia as the largest low-cost airline group in Asia, according to Tony Fernandes, CEO of Capital A.
In December 2022, Fernandes had said that Capital A would be moving all the carriers under one existing structure, similar to how British Airways, Iberia Airline, and Aer Lingus operate under the International Airlines Group umbrella.
Back then, Fernandes announced that AirAsia X would undergo a name change to AirAsia Aviation Group, and six airlines would fall under its umbrella — AirAsia Malaysia, AirAsia Tha