Rollout of Vaccines are keys to a faster recovery for the aviation sector - AirAsia

Rollout of Vaccines are keys to a faster recovery for the aviation sector - AirAsia

The rollouts of vaccines in various Asian nations are keys to a faster recovery of the aviation sector which was heavily affected by the pandemic,  AirAsia group CEO Tony Fernandes said.

Vaccine rollouts in Malaysia, the progress in Indonesia, Singapore, China, Australia as well as the scheduled inoculation in Thailand and the Philippines will pave a way to "a global travel reboot in the near future," Fernandes said.

“After a year of uncertainty, it’s great to see that this extremely challenging chapter is finally coming to a close," he said.

“Never before has there been such a restricted global travel environment. After a year of strict cost containment including exiting Japan and reducing our stake in India, finally, there is light at the end of this very long tunnel," he added.

For AirAsia, the downtime, which grounded many planes worldwide, was used to accelerate digital initiatives such as its super app, logistics, e-commerce, fintech, and other innovations including facial recognition, it said in a statement.

Fernandes said he remains optimistic about reaching its fundraising target of RM2.5 billion (P30 billion). AirAsia Group Berhad raised RM250 million last week, it said.

Source: ABS-CBN


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