AirAsia Berhad, CEO, Riad Asmat, at the CAPA Asia Aviation Summit 2023
AirAsia Berhad, CEO, Riad Asmat, spoke to CAPA TV at the CAPA Australia Pacific Aviation Summit 2023 in Brisbane about latest industry trends and company developments.
CAPA Events are hosted in key markets around the world and attract the highest calibre of thought leaders and decision makers in the aviation and travel industry. Delegates are provided with unprecedented access to the latest data, insights and trends from our global team, in addition to valuable networking opportunities with executives across all sectors of the aviation and travel industry. Review CAPA’s full events calendar here.
Transcript
Riad Asmat:I think that, I mean, it's been a good year to a certain degree, obviously dependent on how you look at it. I feel that there will be some softening that we're seeing at the moment, or we're seeing a bit, but for 2024, we're very encouraged about what could happen next. I think from the perspective of as an airline, we have multiple opportunities out there. This year itself, you know, we did not lay low. We established new destination routes. Next year we hope to do the same. So as much as the market is telling us something, we're managing it to a certain degree from expectations, but we also are not going to just lay low about it. We are going to be as aggressive as we have been before. We have come out from a very, very tough couple of years. But now it's time for growth and our future actually depends on that. So we are definitely interested in other places, obviously. Now the standard ones, everyone hears, AirAsia Malaysia, where are you flying to? China is a given, India is a given, Indonesia is a given. But I think we're looking outwards now with new opportunities such as possible Korea as well as Australia. There are some limitations, obviously, from my perspective on the equipment that we have. But we know there are certain cities, you know, just enough for us to get there. And with interest that may be there, we may start looking at flying there as soon as possible as well. So that's probably what we're looking at going forward. I think it's growth. It's pure growth. Coming out from where we were, it's exciting again. It is AirAsia's DNA to explore, to establish new connectivity, not just for us, but for people at the end of the day. You know, we fly people around the world now that we— some of them never thought they could, you know. And I think it's our job to continue with that principle of pushing the boundaries. And I think that's what we're doing. I'm excited about it because the organisation is set for it. It's not something that we've sat down about or thought about. It's now at execution phase. Thank you.
Copyright policy: All transcripts on this site are the copyright of CAPA - Centre for Aviation. Our reproduction policy is as follows: you may quote up to 400 words of any transcript on the condition that you attribute the transcript to CAPA - Centre for Aviation and link to the original video page. All other use is prohibited. While we aim for 100% accuracy in the transcript, there may be some minor transcribing errors.