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Food & Beverage

AirAsia enters restaurant business, hopes to become lifestyle brand

Budget carrier plans to open five eateries, franchise 100 cafes over next five years

Most of the non-airline units are still in the red, except logistics arm Teleport. All in all, those businesses accounted for less than 6% of AirAsia's total revenue during the quarter ended September.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's AirAsia Group plans to aggressively expand into the restaurant business as the biggest budget carrier by fleet in Southeast Asia is aiming to turn itself into a lifestyle brand, its group chief executive said on Monday.

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