Malaysia’s AirAsia Group said Friday it has changed the name of its listed holding company to Capital A to reflect the diversity of its business portfolio as it seeks to grow its non-airline revenue.
Capital A CEO Tony Fernandes said the COVID-19 pandemic has allowed the group to accelerate plans to grow beyond the airline business to become a one-stop digital travel and lifestyle services group.”
The airline retains the AirAsia brand name. But the group will focus more on expanding other businesses including logistics, aircraft engineering, venture capital, education and mobile applications for payments, travel and lifestyle.
