AirAsia’s CEO, Bo Lingam, recently revisited the idea of launching a standalone AirAsia Vietnam operation. Speaking to Bloomberg this week, he mentioned that while the company is interested in establishing a presence in Vietnam, it has no plans to set up airlines outside Southeast Asia.
AirAsia Aviation Group, a subsidiary of Capital A, manages several operations across Southeast Asia, including AirAsia Cambodia, Thai AirAsia, Philippines AirAsia, Indonesia AirAsia, and AirAsia X brands. Capital A’s other aviation subsidiary, AirAsia Bhd, owns and operates AirAsia. These two entities, AirAsia Aviation Group and AirAsia Bhd, will soon merge into a single investment holding company called AirAsia Group Sdn Bhd, with Lingam set to lead the new entity.
Vietnam Airlines and VietJetAir currently dominate the Vietnamese market, holding 38.01% and 37.53% of the market share, respectively, based on weekly seat availability. Malaysia’s AirAsia ranks as the seventh largest operator in Vietnam with a 1% market share, while Thai AirAsia comes in tenth with a 0.87% market share. Lingam did not provide a timeline or detailed plans for establishing an AirAsia-branded carrier in Vietnam.
AirAsia CEO Bo Lingam’s recent comments signal the company’s renewed interest in launching a standalone operation in Vietnam. With a strong presence in Southeast Asia, AirAsia aims to expand its footprint within the region while focusing on key markets like Vietnam, where it faces significant competition from local carriers.
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