Teleport Plans Major fleet expansion and eyes future IPO
Teleport, Capital A’s logistics arm, is planning a significant expansion of its freighter fleet, aiming to increase from the current three to ten aircraft by the end of 2025, according to CEO Pete Chareonwongsak in an interview with Bloomberg. Additionally, the company is contemplating a future initial public offering (IPO).
Chareonwongsak highlighted the company’s adaptability to market conditions, stating that acquiring additional freighters should be straightforward due to the current market surplus. “It’s straightforward to get freighters, either A321, A320, A330s, or any variants,” he noted. “The challenge lies in financing the new additions.”
According to ch-aviation fleets data, Teleport currently operates three A321-200(P2F) aircraft, identified as 9M-TLA (MSN 1607), 9M-TLB (MSN 1023), and 9M-TLP (MSN 926), which are managed by AirAsia (AK, Kuala Lumpur International).
To date, Teleport has secured USD40 million. Chareonwongsak emphasized that the company plans to use an asset-light model to expand rather than seek additional funding. The aircraft could be either owned by Teleport or sourced from third parties. By the end of 2025, Teleport will handle two million parcels daily, capturing about 30% of Southeast Asia’s USD3 billion e-commerce market. The company’s growth strategy focuses on offering affordable next-day delivery across Southeast Asia for much of the upcoming decade.
Chareonwongsak stated that it would be appropriate to consider an IPO once Teleport approaches this market share. He also assured that Capital A’s plans to divest its other aviation assets, including the AirAsia and AirAsia X brands, will not affect Teleport.
“We have always operated independently, maintained separate funding, and continue to expand alongside AirAsia’s growth,” Chareonwongsak reassured, emphasizing the company’s commitment to maintaining its autonomy and separate funding.
“Malaysia’s Teleport eyes fleet growth, future IPO”, Ch-Aviation News. Read more