The Air Asia owner will launch a new branch in Cambodia. The focus will be on maintaining our growth initiatives in the second half of 2023.
According to the chief executive of AirAsia’s parent company Capital A, the low-cost airline will open a new operation in Cambodia as the company restarts expansion plans that were halted by the epidemic.
Following difficulties in recent years that resulted in it leaving Japan and India, the Malaysia-based company’s network has recently undergone reorganization.
“Restarting our airline to pre-Covid levels was what 2022 was all about. The tycoon Tony Fernandes announced in a statement that the machine is in place and would be finished by the second quarter of 2023.
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The focus will be on maintaining our growth initiatives in the second half of 2023.
The company will begin with two aircraft and eventually grow to fifteen, according to Fernandes in an interview with Bloomberg Television.
A four-hour radius around Cambodia would be covered by the new airplane, he noted.
As Southeast Asia is a familiar location, Fernandes suggested that the company’s future airlines would also be situated there.
He declared, “We are certain of profitability in the first year.
Capital A, which runs low-cost airlines in Malaysia, Indonesia, Thailand, and the Philippines, stated that the business plans to launch Cambodian operations in late 2023 after receiving a regulatory license.
According to Bo Lingam, chief executive officer of AirAsia, the airline currently operates 49 weekly flights from Malaysia and Thailand to Cambodia, down from 90 before the pandemic.
According to the International Air Transport Association, airlines are anticipated to generate a profit next year for the first time since 2019, before the Covid outbreak devastated the travel industry (IATA).