AirAsia changed its name to uppercase A because it overtook an airline
" Capital A chief executive Tony Fernandes said in a statement. The airline business will retain the AirAsia brand AirAsia changed its name to uppercase A because it overtook an airline Malaysia's AirAsia Group Bhd said on Friday it had changed its name to Capital A Bhd to reflect its growing portfolio of businesses beyond the core budget airline. The airline business has been hard-hit during the pandemic due to strict travel rules in Asia Fernandes said. "The group has more than enough liquidity... we're very focused on growing and adding value " he said. The carrier on Thursday reported it filled 80% of seats on offer in the fourth quarter of 2021 and had the highest number of passengers since the start of the pandemic as travel rules began to ease. he added. Fernandes told reporters at a launch event in Kuala Lumpur the carrier leading Malaysia's stock exchange to this month classify the firm as financially distressed though it has been raising funds to bolster its balance sheet. The group proposed changing its name on Jan. 3. Capital A has been investing heavily in payments business BigPay
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