AirAsia takes off with rebranding as Capital A
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Malaysia-based AirAsia is set to rebrand itself as Capital A, signaling the expansion of its services beyond its core airlines-to-cargo delivery and fintech services. The decision has been greenlit by the Companies Commission of Malaysia.
Over the past year, AirAsia has made significant leaps in realizing its super-app ambitions by unveiling AirAsia Ride, a ride-hailing service that will focus primarily on airport transportation for flight passengers. The group also said it would launch its food delivery service in Indonesia by early 2022 and has opened applications for potential partners in the country.
While the change in name is subject to approval from shareholders at a general meeting to be convened at a later date, it is expected to keep the AirAsia brand for its air carrier business. Recently, AirAsia Digital scrapped its plans for $10 million acquisition of Velox Fintech, a unit of Gojek Thailand.
The Malaysia-based firm, however, completed the acquisition of another business under Gojek Thailand – Velox Technology – for $40 million.
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