In response, about 43% of AirAsia’s aircraft are back in the sky, and the Group is hopeful that the Malaysian Government will follow in the steps of our neighbouring countries in the near future. In the meantime, the Group will explore innovative avenues to prepare for the future of travel. While planning to transform our fleet with the most fuel-efficient Airbus 321neo model, we are also monitoring the development of zero-emissions aircraft and will review how it fits into our operations from 2035 onwards. Meanwhile, we look forward to becoming a pioneer in the exciting space of ultra-short-haul travel in Asean. On 16 February 2022, we signed a non-binding Aviation Outlook As the year 2022 unfolded, the incidence of Covid-19 started to surge again along with the emergence of the new and very contagious variant, Omicron. However, it has proven to be not as virulent as other strains, prompting governments around the world to continue to push forward with economic recovery and the gradual reopening of the world. Within our key markets, the Philippines, Thailand, Cambodia and Vietnam have started to reopen for travel; and the Vaccinated Travel Lane between Malaysia and Singapore resumed as of 24 January 2022. Even the Australian Government, one of the strictest to date in the region, reopened its borders to fully vaccinated visitors as of 21 February. memorandum of understanding to lease at least 100 electric vertical take-off and landing (eVTOL) aircraft from our partner Avolon. Also known as air taxis, eVTOL are set to revolutionise mobility not only by being zero-emission but by introducing the futuristic concept of being able to fly from A to B just as you would take an e-hailing ride. As with everything we do, this will be another exciting first for the region - making eco-friendly ultra short-haul air travel affordable and inclusive. We are currently undertaking a thorough study on it, and look forward to announcing more developments in our next annual report. 0 8 2 C A P I T A L A B E R H A D Business Review (cont’d.)
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