Executive Summary of Air Asia

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1.0 EXECUTIVE SUMMARY Air Asia Airline was established with the dream of making flying possible for everyone. It has been named as the world's best low-cost airline headquartered in Kuala Lumpur, Malaysia. Air Asia is one of the award winning and largest low fare airlines in the Asia expanding rapidly since 2001. With a fleet of 72 aircrafts, Air Asia flies to over 61 domestic and international destinations with 108 routes, and operates over 400 flights daily from hubs located in Malaysia, Thailand, and Indonesia.. Its main hub is the Low-Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport (KLIA). It was originally founded by a government-owned conglomerate, DRB-Hicom. On 2 December 2001 the heavily indebted airline was bought by former Time Warner executive Tony Fernandes's company Tune Air Sdn Bhd for the token sum of one ringgit (about USD 0.26 at the time) with USD 11 million (MYR 40 million) worth of debts. He managed turned the company to earn profit. In this marketing plan, we will analysis about Air Asia’s market summary, whose are their target markets, which group of the consumer that they focus on, what the market needs, market trend. We will also using SWOT analysis to analysis Air Asia’s strengths, weakness, opportunities and threats. Besides that, we also list out their competitor. We also discuss about product or service that provided by Air Asia, how they success and critical issues. This plan also will analysis Air Asia’s marketing strategy, financial status and how they implement their operations and control risk. 2.0 SITUATION ANALYSIS Air Asia Airline had entering market since 2001, its services have been received well by the consumer and marketing will be the key to develop their brand and services. Air Asia offers air flight, air cargo and also provides service for traveler to search hotel through their website.
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