Malaysian budget airline AirAsia Group on Saturday stated that plans are in the works to launch a flying-taxi business next year. Air Asia CEO Tony Fernandes on Saturday said that the company is working on the project, and it would take about a year and a half to launch it. He made these statements at an online discussion as part of the Youth Economic Forum.
Fernandes further said that the flying taxis will be powered by a quadcopter, and it will have as many as four seats. With the COVID-19 pandemic proving to be detrimental to the aviation business, Air Asia has now branched into the digital space, launching a “super app” that offers services from travel and shopping to logistics and financial services, thus diversifying its revenue stream.
Meanwhile, Tata Sons will enhance its shareholding in a low-cost carrier — AirAsia India — by buying a 32.67 percent equity stake of its JV partner AirAsia Group Berhad.
The budget airline is a JV in which Tata Sons owns 51 percent stake, while 49 per cent is held with AAIL.