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Stakeholder Group
(Malaysia)
Why It Is Important to
EngageWith Them
Type of Engagement
Frequency/availability
Business Partners
We depend on financing
facilities from financial
institutions and operating
lessors to support our fleet
expansion. Our aim is to
secure competitive, mixed
financing. Engagement with
financial institutions, banks
and operating lessors start
a year before the anticipated
aircraft deliveries to ensure
we meet our commitments for
our large aircraft orders.
We also collaborate with
business partners such as
Airbus and GE on
fuel efficiency initiatives.
Financial institutions and aircraft
investor credit roadshows
Global aviation finance conferences
Face-to-face meetings, phone calls,
workshops, seminars with banks,
aircraft operating lessors and the
manufacturers, Airbus, GE and CFM
Technical Support, based in RedQ
Commercial Support, with GE based
in KL and Airbus based in Singapore
Twice a year to selected key markets
of financial institutions
At least once every quarter
Ongoing
24/7
24/7
Stronger Government Relations
Good government relations is key to
achieving our expansion goals as well
as to becoming a more integrated One
AirAsia. To strengthen our government
relationships, Group Global Affairs and
Development – now comprising Group
Corporate Development, and Group
Government Affairs and Policy – launched
a new vision and strategy, focused on
three key areas:
1. To establish closer ties with all
relevant governments and public
stakeholders by highlighting the
contributions of aviation, and
specifically low-cost travel, in driving
tourism and local economies over the
past 10 years. Key messages have
been designed around AirAsia’s desire
to further increase connectivity within
Asia, driving even greater economic
development with the support of
government policy.
2. To achieve the vision of ‘Seamless
ASEAN Skies’ through greater
cooperation of all relevant authorities.
A number of roundtables are to
be hosted together with research
institutes while we support events
such as the ASEAN Economic
Integration Forum and ASEAN
Business Councils. This has been
complemented by policy briefs
highlighting the importance of market
liberalisation and Open Skies to
enhance connectivity and consumer
choice with low-cost travel, affordable
fares and a competitive environment
reducing unnecessary regulations.
3. To advocate low-cost carrier terminals
(LCCTs) and airports across the region
to allow for the development of
efficient air transport infrastructure
while keeping costs low to provide
the necessary foundation to increase
connectivity and offer affordable air
fares. This includes the argument
to privatise airports and airport
terminals which should translate into
fair Passenger Service Charges (PSC)
according to the service needs of
airlines and passengers.
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AirAsia Group Berhad
SUSTAINABILITY
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