KUALA LUMPUR, Feb 11 ― Capital A Bhd , expects the airline business to see a full recovery in the fourth quarter of this year ― back to the pre-Covid-19 levels ― due to pent-up demand in light of the reopening of many international borders.
“We feel that our planes will be back in service by Q4 2022 with or without China. If China comes in, that is a huge bonus. He also announced the appointment of Tan Sri Jamaludin Ibrahim as the new airline group entity’s independent non-executive chairman to provide fresh perspectives and robust board leadership to support the strategic growth of the airline businesses.
Meanwhile, AAAGL Group CEO Bo Lingam said the structural changes aim to provide a separate, robust, and lean platform for the airline operations, supporting Capital A’s continued focus to become more than just an airline.