Moneycontrol PRO
HomeNewsBusinessAirAsia chief Tony Fernandes says flying taxi business to launch in 2022

AirAsia chief Tony Fernandes says flying taxi business to launch in 2022

Fernandes also announced the airlines’ partnership with state-run Malaysian Global Innovation and Creativity Centre for an urban drone delivery service.

March 07, 2021 / 09:10 IST
AirAsia Co-Founder and CEO Tony Fernandes (File Image)

AirAsia Group Bhd could launch its flying taxi services as early as 2022, according to company co-founder and CEO Tony Fernandes.

“We are working on that right now. I think we are about a year and a half away from launching,” Fernandes said at the Youth Economic Forum on March 6, The Economic Times reported.

Follow our LIVE Updates on the coronavirus pandemic here

Terming it an opportunity for “once-in-a-lifetime chance to recast business and re-look at things”, Fernandes said he expects e-hailing services to begin from April 2022. Giving details of the ride, he said the company hopes to have a four-seater flying taxi powered by a quadcopter.

Besides flying taxis, Fernandes also announced the airlines’ partnership with state-run Malaysian Global Innovation and Creativity Centre to “develop an urban drone delivery service”.

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

Despite the diversification, Fernandes said that he was “optimistic that air travel will soon rebound” on the back of worldwide vaccination programmes. Within Malaysia, he said, he “hopes interstate travel will start in the next two to three weeks”. He expects international travel to pick up in July or August 2021.

Amid the COVID-19 pandemic, the Malaysian air carrier has also been expanding into the digital space. It launched a “super app” providing passengers with financial, logistics and shopping services besides travel services, the report said.

Follow our full COVID-19 coverage here

Moneycontrol News
first published: Mar 7, 2021 09:10 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347