AirAsia enters logistics JV for Thai business


The AirAsia Group received approvals for 22 air traffic rights from the Malaysian Aviation Commission (MavCom) in the second quarter ended June 30, 2019.

KUALA LUMPUR: AirAsia Group Bhd's indirect wholly owned subsidiary Teleport Everywhere Pte Ltd has proposed a joint venture with Triple i Logistics Public Company Ltd to provide logistics services to Thai AirAsia Co Ltd (TAA) and Thai AirAsia X Co Ltd (TAX). 

AirAsia said in a filing with the stock exchange that a memorandum of understanding was signed between the four parties, whereby Teleport and Triple i would establish a partnership in Thailand as a general cargo sales agent for the airlines.

According to the statement,Teleport is a cargo and logistics services provider while Triple i is a total logistics integrator with 27 years of experience in the international forwarding and logistics industry

"The MOU aligns with Teleport’s mission to move goods and e-commerce seamlessly throughout Southeast Asia, taking full advantage of AirAsia Group’s network of more than 100 cities and 10,000 weekly flights across Asia Pacific. 

"In particular, it allows Teleport to integrate the rights to the cargo capacity in Thailand for TAA and TAX with the wider AirAsia Group’s network," it said.

Start your ads-free experience now!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Real estate prospects continue to perk up
Musk’s small-investor army cheers approval of US$56bil Tesla pay package
Prabowo aims to raise Indonesia debt-to-GDP ratio toward 50%
Oriental Kopi files for Bursa IPO
Debt fuelling growth of Corporate Malaysia
Luxury labels slash prices to attract wary shoppers
Laundry Care ventures into linen rental business
Hibiscus Petroleum in Brunei expansion
PPB Group buys Techbond stake
Malaysian Re, Pacific Life Re extend takaful agreement

Others Also Read