Teleport, the logistics venture seeded by Capital A Berhad, is acquiring more aircraft to strengthen its position as market leader in Southeast Asia, including the Philippines.
Pete Chareonwongsak, chief executive at Teleport, said the arrival of its first Airbus A321 Freighter (A321F) aircraft into its fleet allows the company to strengthen its dominant position in Southeast Asia.
The new aircraft adds capacity into an extensive air cargo network and greater control and flexibility to accommodate diverse customer needs.
“And with the first A321F based out of Kuala Lumpur, it is the perfect hub as its five-hour flight range gives it access to over 80 destinations across Southeast Asia and 80 more key cities in the Asia Pacific,” Chareonwongsak said.
According to him, Teleport’s A321F fleet will be increased to 10 in the next 18 months. The business also projects to service key industrial destinations in the Philippines such as Davao, bringing goods and produce to various cities in the region like Hong Kong.
“The Philippines is where we see Teleport having very big operations, although AirAsia Philippines is currently handling all of Teleport’s work. Some of the ten aircraft will be invested in the Philippines which also happens to be our number one route, where our volume in the whole region is,” he said.
The second and third A321Fs, due to be delivered in the fourth quarter of 2023 and first quarter of 2024 respectively, will have the flexibility to be based out of Kuala Lumpur, Bangkok, Jakarta, or Manila, leveraging Teleport’s multi-hub operating model.
Teleport, founded only five years ago in May 2018, reported accelerated growth in the last 24 months that led to its market leadership position in Southeast Asia.
“We saw our growth accelerate in the past 24 months, where we have scaled a company that is profitable and on track to generate $200 million in annual revenue. It is fitting to celebrate these milestones on the same day as the arrival of the first of three A321Fs this year,” Chareonwongsak said.
He attributed the growth to three unique advantages; operating the largest air logistics network in Southeast Asia using the surplus belly space of 204 wide-and narrow-body AirAsia passenger aircraft, a focus on full digitization and data to coordinate end-to-end e-commerce deliveries, and the continuous addition of deep third-party airline relationships.
Over 1,500 businesses ‘Teleport’ their goods to over 80 destinations in Southeast Asia, using one digital airway bill and with a guarantee that it arrives the next day.
