Capital A Berhad (5099.KL) Company Profile
Capital A Berhad (5099.KL), formerly known as AirAsia Group Berhad, was founded in 2001 and renamed in January 2022. As the largest low - cost airline in Asia, its business covers air transportation and a variety of related services, holding an important position in the Asian aviation market.
I. Company Introduction
Capital A Berhad was founded in 2001, with its headquarters located in Kuala Lumpur, Malaysia. It has 16,149 full - time employees. Formerly known as AirAsia Group Berhad, it was renamed in January 2022. It is the second international airline in Malaysia. It provides air transportation services under the AirAsia brand, with the main hub airport being Kuala Lumpur International Airport Terminal 2 (KLIA2). The group's partner companies are distributed in multiple countries, with routes covering more than 165 destinations in 25 countries. It is also the sponsor of several football teams.
Official Website: https://www.capitala.com/
II. Main Business Segments
1. Air Transportation Services: It provides air passenger services under the AirAsia brand in Malaysia, Indonesia, the Philippines, and internationally. It has a fleet composed of various aircraft types to meet the needs of different routes.
2. Related Service Businesses
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- Engineering, Leasing, and Outsourcing Services: It provides engineering, aircraft leasing, sharing, and outsourcing services to ensure the normal operation of aviation business.
- Tourism Operation Services: It conducts tourism operation business, providing passengers with one - stop travel solutions.
- Consulting and Event Ticketing Services: It provides consulting services and event ticketing services to enrich its business scope.
3. Diversified Business Operations
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- Retail and Catering Services: It provides in - flight meal products, operates in - flight stores, conducts online retail business, and wholesales products such as meat and fish.
- Customer Loyalty Program: It manages customer loyalty points to enhance customer stickiness.
- Super App Operation: It operates the AirAsia Super App, integrating a variety of services to provide users with a convenient experience.
- Emerging Business Expansion: It participates in cybersecurity and IT software development, engages in e - hailing, online food ordering, delivery, investment management, and freight service trade, and provides logistics and payment services for cross - border e - commerce marketing.
III. Technological and Business Advantages
1. Scale Advantage: As the largest low - cost airline in Asia, it has an extensive route network and a large fleet size, enjoying economies of scale, which can reduce costs and improve market competitiveness.
2. Brand Influence: The AirAsia brand has a high reputation in Asia. Through activities such as sponsoring sports teams, it further enhances its brand influence, attracting a large number of passengers to choose its services.
3. Diversified Business Synergy: In addition to the main air transportation business, its diversified businesses synergize with each other. For example, tourism operations are combined with air services, and the Super App integrates various businesses, providing comprehensive services to customers and increasing customer value and revenue sources.
IV. Development History
| Time | Key Events |
|---|---|
| 1993 | AirAsia was founded |
| November 18, 1996 | Started operations. Initially established by the Malaysian government - owned group DRB - HICOM |
| December 2, 2001 | Acquired by Tune Air Sdn Bhd, a private company of former Time Warner manager Tony Fernandes, for 1 ringgit (approximately $0.26), along with $11 million in debt (40 million ringgit) |
| 2002 | Turned a profit. Opened several new routes centered around Kuala Lumpur hub airport and launched a 1 - ringgit ($0.27) promotional fare |
| 2003 | Took Senai International Airport in Johor Bahru as the second hub, opened the first international route to Bangkok, established a Thai subsidiary, increased flights to Singapore, and opened routes to Indonesia |
| 2004 | Launched the Macau route in June, acquired a 49% stake in Awair. In December, first resumed operating Indonesian routes under the AirAsia brand, and then reorganized it into AirAsia Indonesia |
| 2005 | Launched routes to Xiamen and Manila in April, and routes to Vietnam and Cambodia at the end of the year |
| 2006 | Launched routes to Brunei and Myanmar (the Myanmar route was operated by Thai AirAsia). In August, took over the remote area routes of Malaysia Airlines, and one year later, it was returned to Malaysia Airlines' subsidiary MASwings. Announced a five - year plan to expand the AirAsia market |
| 2007 | Established AirAsia X, using Airbus A330/A340 wide - body aircraft to operate medium - and long - haul routes |
| December 2010 | The Philippine government approved the application of the AirAsia joint - venture company, and AirAsia Philippines was established |
| July 21, 2011 | Announced a joint - venture with All Nippon Airways to establish AirAsia Japan, which was officially established in August |
| March 2012 | AirAsia Philippines started operations |
| 2013 | Signed an equity - exchange contract with Cebu Pacific and formed an alliance. Due to conflicting cooperation concepts, ANA and AirAsia terminated their partnership in AirAsia Japan |
| 2014 | Thai AirAsia X entered commercial operation in June; AirAsia India officially started commercial operation on June 12; Announced a joint - venture with the Tata Group to establish AirAsia India on August 19; AirAsia Indonesia X started commercial operation on December 22 |
| 2017 | Planned to establish a new low - cost airline with a Vietnamese partner on March 31; Signed a memorandum of understanding with China Everbright Group and others to establish a low - cost airline in China in May |
| 2018 | Reaffirmed the establishment of a joint - venture low - cost airline in Vietnam on December 6; The joint - venture with China expired |
| 2020 | Accelerated digital transformation and became an investment - holding company. Announced on October 5 that AirAsia Japan would end its operations on December 5 due to the pandemic |
| January 27, 2022 | AirAsia Group Berhad was officially renamed Capital A Berhad |
| November 2, 2023 | The special - purpose acquisition company Aetherium Acquisition Corp. announced plans to merge with some departments of Capital A Berhad, aiming to make the new subsidiary Capital A International an independent listed company |
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