He made the comments in a presentation at the close of the Capital A 6th Annual General Meeting earlier this month when the financial results of FY2022 were received and passed by its shareholders.įernandes confirmed that the group’s latest airline venture, AirAsia Cambodia, should start scheduled flights during the last quarter of 2023, possibly by mid-December, almost a year after the official launch of the new airline. It will cover the business activities of AirAsia Superapp and fintech provider BigPay to provide an accessible, affordable travel app, to meet the needs of all travellers, including on-ground travellers with ride-hailing offerings on AirAsia ride. He confirmed ‘Move – AirAsia Digital’ has received board approval to be renamed MOVE. As we overcame all odds of not only surviving but growing, despite the unprecedented challenges of Covid and other macroeconomic headwinds without any government support, we are proud to announce that we have successfully progressed from an airline to now a low-cost, high-value inclusive aviation and travel group.”

On the airline group’s health check, he told shareholders attending the recent AGM: “2022 has truly been a defining year for Capital A for many reasons: the company generated strong revenue ofMYR2.6 billion and recorded the first full year of positive EBITDA since the beginning of the global pandemic.Īll businesses within the group have benefited from the robust return of air travel and delivered stronger margin levels.

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