KUALA LUMPUR: Capital A Bhd ’s engineering and maintenance subsidiary Asia Digital Engineering (ADE), has secured an investment of US$100mil from OCP Asia Ltd. Capital A chief executive officer Tan Sri Tony Fernandes said during its capital raising exercise, ADE has received strong interest from numerous global investment funds, who have seen the recovery potential of the regional and global airline industry. “This investment vindicates Capital A’s strategy of diversifying into more than just an airline. We have now set up a fantastic group of airline, airline services, digital and logistics companies with a tremendous upside and now that Covid has ended, investors and the public markets are realising the enormous potential of Capital A,” he added. Meanwhile, OCP Asia founding partner Teall Edds believed ADE, with its best-in-class engineering capabilities, technology-driven value proposition and experienced management team is well-positioned to be a leading aviation MRO player in the region.
