Malaysia's AirAsia Group Bhd said on Friday it had changed its name to Capital A Bhd to reflect its growing portfolio of businesses beyond the core budget airline.
"Over the past two years we have spent the downturn in flying building a solid foundation for a viable and successful future, which is not solely reliant on airfares alone," Capital A Chief Executive Tony Fernandes said in a statement.[[nid:538887]] The group is also seeking to raise about 1 billion ringgit this year, as it continues efforts to regularise its finances, Fernandes said.
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AirAsia changes name to Capital A as it grows beyond an airlineKUALA LUMPUR — Malaysia's AirAsia Group said on Friday (Jan 28) it had finalised the name change of its listed holding company to Capital A as it seeks market recognition of its growing portfolio of businesses beyond the core budget airline.
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