AirAsia transitioning to asset-light business model

New offerings: AirAsia is targeting to roll out remittance and lending products and expand its BigPay offerings to other Asean countries this year.

PETALING JAYA: AirAsia Group Bhd is moving from the traditional model of owning aircraft to become an asset-light airline.

The company plans to fully shift to the new model by completely withdrawing from aircraft ownership, a move that would bring the obvious benefit of lowering its financial liabilities.