Capital A bullish on Indian market, eyes more connectivity
Capital A, the parent company of AirAsia, is bullish on the Indian market and is looking to expand its operations in the country. The company has already sold its Indian airline subsidiary to Tata Group, but CEO Tony Fernandes said that Capital A is still working with the conglomerate and hopes to do more business with them.
Fernandes said that AirAsia is currently flying to about 15 destinations in India, but the company wants to open up more routes, including secondary and tertiary airports. He noted that India is setting up more airports, which will provide more opportunities for AirAsia to expand its operations.
Fernandes said that 60% of AirAsia’s passengers on Indian routes are from outside India, while 40% are Indian diaspora and tourists visiting the country. He said that the Indian market has been profitable for the airline.
Capital A is an investment holding company with a portfolio of travel and lifestyle businesses that leverage data and technology. The company is attending the two-day Forbes Global CEO Conference, which is themed “Sea Change.”
In addition to expanding its operations in India, Capital A is also looking to grow its business in other markets. The company has recently acquired a stake in a low-cost airline in Indonesia, and it is also considering entering the Philippines market.
Capital A is well-positioned to take advantage of the growing travel and tourism industry in India and other emerging markets. The company has a strong track record of success, and it is backed by a deep pool of capital. I am confident that Capital A will continue to grow and expand in the years to come.
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