Malaysia AirAsia Group, Bhd said on Friday it changed its name to BHD’s capital to reflect business portfolios that developed outside the core budget airline.
The airline business has been hit hard during a pandemic because the rigorous travel regulations in Asia, directed the Malaysian Stock Exchange to this month classifying the company as a financial pressure despite collecting funds to increase the balance sheet.
The Group proposes its name on 3.
Capital A has invested a lot in BIGPAY business payments, teleport arm logistics and its super cellular applications to get other income sources, even though they remain in the growth phase and loss in the quarter ended September 30, 2021.
“For two years Finally we have spent a decline in building a strong foundation for a feasible and successful future, which is not solely depending on the price of a foot ticket, “said the capital of Tony Fernandes executive in a statement.
The airline business will maintain the AirAsia brand, which is famous in Asia, he added.
Fernandes told reporters at the launch event in Kuala Lumpur, which has five affiliate airlines including AirAsia X remote operators, planning to introduce two more to stable.
However, he refused to provide further details.
The group also tried to collect around 1 billion ringgit this year, because it continued to strive to regulate its finances, Fernandes said.
“The group has more than enough liquidity …
we are very focused on growing and adding value,” he said.
The carrier on Thursday reported that it filled 80% of seats offered in the fourth quarter of 2021 and had the highest number of passengers since the commencement of Pandemic because the rules of the trip began to subside.
AirAsia changes the name to capital A because it grows outside the airline
