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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

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

Rubber makers lead most active counters as US tariff hikes
Trading in MAHB shares halted pending material announcement
Sin-Kung Logistics shares open at 13c/share on ACE Market
Ringgit strengthens near 4.70 after Fed's Powell boosts rate hopes
Heineken Malaysia to drive efficiency after strong start
FBM KLCI little changed, glove makers rise
Trading ideas: MAHB, MBSB, Jetson, Malakoff, Deleum, Tuju Setia, BCB, Uzma, Cypark
RHB Research unveils top 20 small-cap ‘jewels’
MBSB appoints new group CFO
Property market on recovery path, says minister

Others Also Read