Latest news with #CapitalA
Hype Malaysia
a day ago
- Business
- Hype Malaysia
AirAsia Triumphs As World's Best Low-Cost Airline For 16th Consecutive Year At Skytrax 2025
They've won at life! AirAsia has once again been named the World's Best Low-Cost Airline at the Skytrax World Airline Awards 2025, marking its 16th consecutive win. This reflects the airline's strong presence across ASEAN and beyond, with a network of over 130 destinations, affordable fares, and a focus on operational excellence. Through its multi-hub strategy in Malaysia, Thailand, Indonesia, the Philippines, and Cambodia, AirAsia continues to make travel more accessible, affordable, and seamless across Asia. At the Paris Air Show 2025 in France, Datuk Kamarudin Meranun, Chairman of Capital A and Co-Founder of AirAsia, accepted the award, saying: 'Sixteen years on, this recognition remains just as meaningful as ever. We started with a simple dream to make flying affordable for everyone. To be recognised for the 16th time reaffirms that we have stayed true to that mission and continue to soar high in the minds of the many millions of passengers who choose to fly with us each year. While this award is truly another fantastic achievement, we never rest on our laurels and it inspires us to go even further.' Tony Fernandes, CEO of Capital A and Co-Founder of AirAsia, shared his thoughts on the win, saying: 'This is a deeply emotional win for me. From flying just 200,000 guests in our first year to aiming to welcome our one billionth guest this year, this journey has been made possible by the unwavering support of our guests, and the tireless dedication of our incredible Allstars. Every challenge we have faced, every comeback we have made, was made possible by their trust and effort. We thank the Skytrax team for recognising our work, and I would like to share the award with my Allstars – it belongs to them. Thank you for believing in the dream.' Edward Plaisted, CEO of Skytrax said: 'We congratulate AirAsia on this fabulous achievement at the 2025 World Airline Awards. This success for a record sixteenth time is a clear reflection of their dedication to providing quality, affordable travel options to customers. This is a most competitive and fast growing market for low cost airlines, and this award demonstrates AirAsia's success.' The award also serves as a testament to the airline's contribution to connecting both primary and underserved secondary and tertiary cities. This model has enabled the launch of unique and strategic routes such as Kuala Lumpur-Labuan Bajo, Bangkok-Narathiwat, Manila-Tagbilaran, Jakarta-Silangit, and others expanding access to emerging travel corridors and tourism growth areas. Looking ahead, the airline is set to deepen its connectivity across Central Asia and the Middle East, marking a significant step forward in its ambition to become the first truly global low-cost network carrier. At the same time, AirAsia's continued emphasis on guest experience sets it apart. Having flown close to one billion guests, the airline maintains high levels of customer loyalty and brand advocacy across its key markets. Ranked as the 24th most valuable airline brand globally with a value of US$1.93 billion (RM8.22 billion), AirAsia reflects both strong regional roots and global appeal. The Skytrax World Airline Awards is one of the most prestigious honours in global aviation. The online survey ran from September 2024 to May 2025, with 22.3 million eligible entries from over 100 nationalities. More than 325 airlines were included in the results. The survey and awards are fully funded by Skytrax, with no fees charged to participating airlines. What's your Reaction? +1 0 +1 0 +1 0 +1 0 +1 0 +1 0
The Sun
2 days ago
- Business
- The Sun
AirAsia's 16-year Skytrax streak proves Malaysian brand strength
KUALA LUMPUR: AirAsia's recognition as the World's Best Low-Cost Airline by Skytrax for the 16th consecutive year is not only an acknowledgment of its operational excellence but also a testament to the strength of a Malaysian brand on the global stage, Deputy Prime Minister Datuk Seri Fadillah Yusof said today. He said this sustained achievement reflects the resilience of a Malaysian-born brand that has transformed the regional aviation landscape. 'Through affordable connectivity, AirAsia has opened new opportunities, empowered communities and boosted growth in tourism, trade and cross-border travel. 'AirAsia's journey is proof of Malaysia's capacity for innovation, resilience and aspiration, demonstrating that with vision and commitment, we can shape the future of regional and global aviation,' he said in a Facebook post, while extending his congratulations on the recognition. Capital A chief executive officer Tan Sri Tony Fernandes, in a statement, said winning the title for 16 straight years was deeply meaningful and a motivation to continue delivering even better service. Meanwhile, Communications Minister Datuk Fahmi Fadzil also congratulated AirAsia on the Skytrax recognition. 'Not only has AirAsia flown nearly one billion passengers, but it has also carried the identity of Malaysia and ASEAN onto the global stage. 'This achievement underscores the strength of regional connectivity in uniting communities, driving growth and advancing shared prosperity,' he said in a Facebook post.
The Star
2 days ago
- Business
- The Star
AirAsia owner seeks jets for growth but restructuring first priority, CEO says
Capital A chief executive officer Tan Sri Tony Fernandes. PARIS: The CEO of Capital A Group, Tan Sri Tony Fernandes, said on Wednesday the owner of AirAsia is in talks to buy 50 to 70 Airbus A321XLR jets in coming months, but that the first priority is to complete the group's restructuring. Asia's largest low-cost carrier also remains in talks to buy 100 Airbus A220 or Embraer E2 regional jets but there is unlikely to be any announcement on plane orders at this week's Paris Airshow, he told Reuters in an interview. "I don't think there'll be an order at this air show. We're still doing a lot of work with Airbus and other (manufacturers).... I think we'll look to do something imminently, in the next 1-3 months," Fernandes said. "We want to make sure we clear out of our restructuring. The great thing is, we're back in the growth stage." The Malaysia-based low-cost carrier operates an all-Airbus fleet and is one of Airbus' biggest customers. The comments came after industry sources said AirAsia was in advanced discussions to place an order for at least 100 Airbus A220 regional jets at the Paris Airshow, with rival Embraer also vying for a chance to penetrate the all-Airbus carrier. AirAsia has also had an offer from China's COMAC, Fernandes said. AirAsia has previously said it was looking to add smaller planes for regional routes. One of Airbus' biggest customers with over 350 planes on order, AirAsia has not placed an order since before the pandemic, but ended a gap in deliveries by taking four Airbus jets last August, marking what it described as a new growth milestone. It has been steadily restructuring its order book as it faced financial difficulties. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this so-called PN17 status by the middle of this year as it pursues a recovery. Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. The group also needs consent letters from creditors, of which it has "virtually all of them," a Thai approval and to raise new capital. "I am hoping we can wrap up this process in June and complete everything by the end of July. We are getting closer and closer," Fernandes said. Fernandes said new investors had been "locked in," but declined to provide specific details ahead of any formal announcement. - Reuters
Malay Mail
12-06-2025
- Business
- Malay Mail
AirAsia in talks for 100-plane Airbus deal ahead of Paris Airshow
PARIS, June 12 — AirAsia is in advanced discussions to place an order for at least 100 Airbus jets at next week's Paris Airshow, a deal likely to mark the introduction to its fleet of the planemaker's smallest jet, the A220, industry sources said. Malaysia-based low-cost carrier AirAsia operates an all-Airbus fleet and has previously said it was looking to add smaller planes for regional routes. A deal cannot be guaranteed as negotiations continue and the airline has also been in touch with Brazil's Embraer, which has been looking for a new home for some of its E2 jets after Malaysia's SKS halted operations earlier this year, the sources said, adding that discussions had widened in recent weeks. AirAsia, Airbus and Embraer all declined to comment. One of Airbus's biggest customers with over 350 planes on order, AirAsia has not placed an order since before the pandemic but ended a gap in deliveries by taking four Airbus jets last August, marking what it described as a new growth milestone. It has been steadily restructuring its order book as it faced financial difficulties. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this status by the middle of this year as it pursues a recovery. Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. — Reuters
The Star
11-06-2025
- Business
- The Star
AirAsia close to buying at least 100 Airbus jets
AirAsia operates an all-Airbus fleet and has previously said it was looking to add smaller planes to its fleet for regional routes. PARIS: AirAsia is in advanced discussions to place an order for at least 100 Airbus jets at next week's Paris Airshow, a deal likely to mark the introduction to its fleet of the planemaker's smallest jet, the A220, industry sources say. Malaysia-based low-cost carrier AirAsia operates an all-Airbus fleet and has previously said it was looking to add smaller planes to its fleet for regional routes. One of Airbus's biggest customers with a few hundred planes already on order, the airline has not placed an order since before the pandemic. It has taken few deliveries in recent years and has been steadily restructuring its order book as it faced financial difficulties. The company, hard hit by pandemic travel restrictions, was classified by Malaysia's stock exchange as financially distressed in 2022. It says it hopes to exit this status by the middle of this year. Capital A plans to sell its AirAsia aviation business to long-haul unit AirAsia X to consolidate long and short-haul operations under a single AirAsia brand. — Reuters
