News
Tony Fernandes plans Capital A subsidiaries in the Philippines
June 13th 2023
Capital A CEO, Tony Fernandes, is working to establish a Filipino base for the company's Teleport logistics business and also its MRO provider, Asia Digital Engineering (ADE). Read More » “I am excited about putting in more investments in the Philippines,” Fernandes said. “We have a great logistics business coming – Teleport Philippines. We think it will be great for e-commerce providers in the Philippines to sell their goods all over,” Fernandes said. “We want to build an engineering company here, on top of Lufthansa Technik’s. We would like to bring in ADE, which is a fantastic engineering company.” Capital A flagged building a hub in the Philippines for Teleport after the logistics company raised US$50 million in fresh capital last December.
