More Indians are taking personal loans to travel and meet vacation-related expenses, according to Madhavan Menon, executive chairman of Thomas Cook India.
25.08.2023 - 14:36 / skift.com / Peden Doma Bhutia / Tony Fernandes / Capital A / Airlines
Malaysia’s Capital A will not be merging its airlines, but will instead move all the carriers under one existing structure, similar to how British Airways, Iberia Airline, and Aer Lingus operate under the International Airlines Group umbrella, said CEO Tony Fernandes on Monday.
AirAsia X will be renamed AirAsia Aviation Group and there will be six airlines under it — AirAsia Malaysia, AirAsia Thailand, AirAsia Philippines, and AirAsia Indonesia, as well as AirAsia X Malaysia and AirAsia X Thailand.
“We are just injecting AirAsia airlines into AirAsia X’s listing status, there is no merger,” Fernandes told the media.
He said that each airline would continue to operate independently.
Fernandes made the statement to the media on the sidelines of the launch of Capital A’s upgraded subscription service — Super +.
AirAsia had earlier launched the flight subscription service in March to provide unlimited flights to destinations across Southeast Asia. Monday’s launch will now include destinations in Japan, Korea, Australia, India, Maldives, New Zealand, Hong Kong, Taiwan and Saudi Arabia.
Capital A has launched two versions of the subscription service — Super+ Lite, which covers unlimited flights across all Southeast Asian destinations very similar to the version launched in March, while the Super+ Premium includes all countries operated by the AirAsia airline group, including long-haul destinations.
The lite version is priced at $203, while the premium option comes at $524.
“Till date, over 100,000 Super+ subscribers have redeemed over 500,000 flight seats across Southeast Asian destinations,” Capital A said in a release.
While flight bookings opened from Monday, the earliest flights that subscribers could opt for was from January 1, 2023.
“This is what we have been preparing for — the return of travel, and we are excited about the reopening of markets like Japan, South Korea, Taiwan, Hong Kong and more to come in the near future,” Fernandes said.
More Indians are taking personal loans to travel and meet vacation-related expenses, according to Madhavan Menon, executive chairman of Thomas Cook India.
Capital A Berhad, parent of Malaysian budget airline AirAsia, expects to see the carrier’s operations returning to pre-pandemic levels by December, Capital A CEO Tony Fernandes told Reuters on Monday.
Ankit Gupta, the India CEO of hospitality technology platform Oyo, and Mandar Vaidya, the head of Oyo’s European operations, will both be moving on from the company.
Clearly Vinod Kannan, the CEO of Vistara, may have had to field this question on the possible Vistara-Air India merger one too many times.
Jongyoon Kim, the CEO of South Korea-based superapp Yanolja, sees Tesla as the metaphor for its company highlighting how the electronic vehicle company has been rethinking the entire value chain.
Cathay Pacific announced on Wednesday that CEO Augustus Tan would be stepping down on December 31 andchief customer and commercial officer,Ronald Lam would succeed him.
Good morning from Skift. It’s Tuesday, January 10, and here’s what you need to know about the business of travel today.
Capital A Berhad, the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia.
Malaysia’s Capital A has submitted plans for a corporate restructuring, which will involve the merger of its low-cost airline AirAsia with long-haul carrier AirAsia X.
AirAsia Aviation Group on Friday announced a joint venture with Cambodia-based Sivilai Asia to launch a new low-cost carrier — AirAsia Cambodia.
Chinese travelers cite financial constraints over the last three years as the leading reason for not wanting to travel abroad even as China decided to end its zero-Covid policy by easing travel restrictions, according to a report.
Online travel agency Trip.com Group hopes that cross-border travel capacity for China will be back to normal by the third quarter of this year.