Capital A, formerly known as the AirAsia Group, on Monday bared plans to go into ride hailing business in the Philippines to further cut transportation and logistics cost.
“Our dream is to move people in the sky and on the road,” Tony Fernandes, chief executive at AirAsia parent firm Capital A, said.
Fernandes said he will meet Transportation Secretary Jaime Bautista to discuss the plan to operate a ride hailing platform in the country.
“I hope we can discuss the license. We think it’s good, I’m all about reducing cost. So, yes we’re going to join,” he added.
In August 2021, Capital A launched its ride hailing platform called airasia ride in Malaysia and last year in Thailand and Indonesia as part of its digital transformation.
Capital A also launched its airasia super app, an integrated digital travel and lifestyle platform, in April last year to further stimulate the country’s strong e-commerce market.
The airasia super app, a digital venture of Capital A, is expected to change the local e-commerce space as it is the first and only one-stop-shop travel and lifestyle app in the country.
The budget airline earlier reported passenger volume increase 382 percent to 4.21 million last year, from only 875,927 passengers in 2021.
Its load factor rose to 89 percent from 80 percent in the same period.
AirAsia Philippines operates daily flights from Manila to Bacolod, Cebu, Cagayan, Davao, Iloilo, Kalibo, Caticlan (Boracay), Puerto Princesa, Tacloban, Tagbilaran and Zamboanga. Its other interisland destinations flying out of AirAsia’s Cebu hub include Cagayan, Davao, Caticlan, Puerto Princesa and Clark.
AirAsia Philippines’ active international destinations include Kuala Lumpur, Kota Kinabalu, Bangkok, Singapore, Taipei, Osaka, Incheon, Hong Kong, Tokyo and Bali.
