AirAsia Group—controlled by Malaysian tycoons Tony Fernandes and Kamarudin Meranun—plans to launch an air taxi ride-sharing service across Southeast by 2025 as the loss-making airline continues to diversify its operations.
The budget carrier said on Wednesday that it has signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 electric vertical take-off and landing (eVTOL) aircraft from Avolon, the world’s second-largest aircraft leasing company with a fleet of more than 800 aircraft as of December 2021. Financial details were not disclosed.
AirAsia has been expanding into new businesses including fintech, ride-hailing as well as food and parcel deliveries in support of its efforts to
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