AirAsia Group eyes Cambodia airline venture

AirAsia Group has formed a new holding company for its four airline units, in a group-wide business reorganisation to better distinguish its airline and digital ventures. The group says its four airlines — in Malaysia, Philippines, Thailand and Indonesia — will now come under the AirAsia Aviation Limited holding company. Current group president for airlines Bo Lingam will helm the company as its chief executive.

Lingam hinted at Cambodia as one potential market for such a venture. He says: “We will continue to review new markets to operate from in the future, like Cambodia for example, when we can connect [Southeast Asia] once again with the best value fares and lifestyle offerings.”

AirAsia Aviation will be one of the eight “digital portfolio companies” in the group’s stable — the other companies include cargo and logistics venture Teleport, MRO unit Asia Digital Engineering, as well as its AirAsia “Super App”. AirAsia Group chief Tony Fernandes said in August that “a split” between the group’s core airline business and its digital ventures is inevitable “at some point”.

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