Teleport, the logistics venture seeded by Capital A, is looking to dominate Southeast Asia’s air freight maket as it officially inducted its first Airbus A321 freighter (A321F) into its fleet on 12 July.
The new cargo aircraft, based out of Kuala Lumpur, is the first of three aircraft to be delivered to Teleport and it is expected to strengthen the company’s position in Southeast Asia, in terms of cargo volume.
Teleport said the A321F’s flight range gives it access to over 80 destinations across Southeast Asia and 80 more key cities in Asia Pacific. With 24 containerised positions on both the main and lower deck, the freighter can carry a maximum payload of 27 tonnes of various cargo, including e-commerce parcels, express/small parcels, large volume cargo, and dangerous goods.
The second and third A321Fs, due to be delivered in the fourth quarter and the first quarter of 2024, will have the flexibility to be based out of Kuala Lumpur, Bangkok, Jakarta, or Manila, the company noted.
Tony Fernandes, CEO of Capital A, the investment holding company of Teleport, is confident about the company’s progress, citing the role that it will play for the conglomerate.
“Our confidence in Teleport’s future grows stronger as we foster collaborations with other businesses under Capital A to not only position Teleport as a profitable and affordable player in the air logistics industry but also establish it as a reliable delivery partner for Capital A entities, such as the Superapp.”
Teleport, founded 5 years ago, saw accelerated growth in the last 24 months, driven by its air logistics network with AirAsia, focus on digitalisation and data for e-commerce, and close third-party airline partnerships. Today over 1,500 businesses ship their goods with Teleport, using one digital airway bill, and with a guarantee that ‘it arrives tomorrow.
“From a scrappy startup with humble beginnings in Malaysia, each day [676] Teleporters across seven countries work tirelessly to deliver more goods by air than anyone else in Southeast Asia,” said Pete Chareonwongsak, CEO of Teleport.
“We saw our growth accelerate in the past 24 months, where we have scaled a company that is profitable and on track to generate US$200M in annual revenues – it is fitting to celebrate these milestones on the same day as the arrival of the first of three A321Fs this year.”
