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AirAsia Group renames airline holding company in reorganisation to create clear distinction versus digital business

Business & Finance

KUALA LUMPUR (Oct 14): AirAsia Group Bhd said on Thursday (Oct 14) the company has renamed its 100%-owned subsidiary AirAsia Investment Ltd to AirAsia Aviation Ltd in a corporate reorganisation to create a clear distinction between AirAsia Group’s airline and digital businesses.

In a statement to Bursa Malaysia, AirAsia Group said Bo Lingam, formerly president (airlines) for AirAsia Group, takes over as group CEO of AirAsia Aviation to oversee the group's four airlines, namely AirAsia Malaysia, AirAsia Philippines, AirAsia Thailand and AirAsia Indonesia.

"As AirAsia’s rapid transformation from an airline into a digital travel and lifestyle services group continues to gain strong momentum, the holding company for the airline group has been officially renamed AirAsia Aviation Ltd,” AirAsia Group said.

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