Capital A to Grow Investment In The Philippines

AirAsia Philippines’ parent company, Capital A, originally based in Malaysia, has announced plans to expand its operations in the Philippines by investing in aircraft maintenance, logistics, and repair and overhaul. These investments align with the company’s short and long-term goals.

Tan Sri Tony Fernandes, CEO of Capital A, expressed his excitement about growing their ventures in the Philippines. He revealed that they will soon launch Teleport Philippines, a service aimed at enhancing e-commerce processes in the country. Through Teleport Philippines, businesses will be provided with services to improve the selling of their products, thereby contributing to the growth of the local e-commerce industry. Additionally, Capital A plans to establish Asia Digital Engineering (ADE), an engineering company that will serve various industries.

ADE, Capital A’s engineering sector, specializes in the development of heavy maintenance, repair, and overhaul (MRO) for commercial aircraft. By expanding their engineering capabilities in the Philippines, AirAsia Philippines aims to strengthen its post-Covid recovery plan, focusing on improving the e-commerce and engineering infrastructure within the country. As part of their expansion plans, they also aim to grow their Philippine fleet to support their local and global expansion efforts.

Fernandes emphasized the importance of improving connectivity with the Philippines and other Southeast Asian countries to capitalize on the pent-up demand for shorter and more affordable travel. He mentioned that AirAsia Southeast Asia has experienced significant traffic due to this demand and intends to enhance connectivity within the ASEAN region.

Capital A’s expansion plan is expected to generate employment opportunities in the Philippines. The company plans to hire and recruit approximately 1,000 employees in the coming months and potentially offer nearly 6,000 jobs over the next three years as it continues to grow in the country. Fernandes acknowledged the importance of building a solid workforce, highlighting that people are the company’s greatest asset. He praised the intelligence and hardworking nature of Filipinos, expressing pride in expanding all four lines of their operations in the Philippines.

The investments in aircraft maintenance, logistics, repair and overhaul, as well as the focus on improving e-commerce infrastructure, will not only benefit AirAsia Philippines but also contribute to the overall economic progress of the Philippines.