AirAsia owner Capital A pivots from competition to collaboration

Tie-ups with Garuda, Chinese cargo carrier show Tony Fernandes changing course

20231020N AirAsia Narita

AirAsia plans to consolidate some of its carriers as part of a restructuring plan. (Photo by Konosuke Urata)

MAYUKO TANI, Nikkei staff writer

SINGAPORE -- AirAsia parent Capital A has embraced partnerships with other carriers in a departure from its strategy of going it alone as CEO Tony Fernandes faces one of his biggest turnaround challenges yet.

Capital A announced on Oct. 2 that Teleport, its cargo transport business, and China's SF Airlines had agreed to share each other's Southeast Asian and Chinese networks in a bid to capture growing cross-border e-commerce demand.

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