AirAsia to Start Air Ridesharing Service, Purchases eVTOL Aircraft

SINGAPORE AIRSHOW 2022 (DAY 2) | AirAsia has signed a non-binding memorandum of understanding to lease a minimum of 100 VX4 eVTOL (electric vertical take-off and landing) aircraft from Avolon during the 2022 Singapore Airshow

These eVTOL aircraft will allow AirAsia to further revolutionise air travel by providing advanced air mobility to a whole new range of passengers, transforming how we all connect more efficiently in our everyday lives.

In addition to the eVTOL aircraft, Avolon, through its investment and innovation affiliate Avolon-e, will partner with AirAsia to commercialise zero-emissions eVTOL aircraft and develop an industry leading urban air mobility platform in Southeast Asia. Avolon and AirAsia will form a working group to pursue local certification, research potential market opportunities and infrastructure requirements for UAM. AirAsia will also leverage its successful travel and lifestyle mobile app, the AirAsia Super App, to help support and build an eVTOL ride sharing platform with Avolon.

In June 2021, Avolon ordered 500 VX4 eVTOL aircraft from Vertical Aerospace, valued at US 2 billion. Since announcing that order, Avolon placed 250 VX4 aircraft with Gol and Grupo Comporte in Brazil, up to 100 aircraft with Japan Airlines in Japan, and a minimum of 100 aircraft with AirAsia. As a result, Avolon has now placed up to 90% of its initial orderbook, underlining the demand for VX4 aircraft from the world's leading airlines.

Tony Fernandes, CEO of Capital A (AirAsia) commented:

Innovation has always been in our DNA and using technology to look at more efficient and sustainable ways of doing things is a core focus across Capital A (formerly AirAsia Group). We are now much more than just an airline with over 20 products and services on our super app leveraging off each other including flights, hotels, food, retail, delivery, ride hailing and more. I am truly excited about this partnership between Avolon and AirAsia and the potential for zero-emissions ultra-short-haul air travel in Southeast Asia. The digital era is now. In the VX4, we have identified what we believe will be the eVTOL aircraft of choice and we are thrilled to be the launch airline for the aircraft in Southeast Asia. We are also delighted to extend our long-standing relationship with Avolon, which has a proven track record of delivering for its customers and is in sync with our goal to become the leading one stop travel and delivery platform in Asean.

What is AirAsia Aviation Group (AAAGL)

AAAGL is the holding company that oversees all airlines in Capital A (formerly AirAsia Group Berhad), as well as related international support functions including AirAsia Consulting, shared corporate services division AirAsia SEA, the Santan food group and the ground handling services joint venture business called GTR.

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Written by: Sohail Sawlani
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