Malaysia-based Capital A has entered into a memorandum of understanding (MOU) with Malaysia’s national railway firm Keretapi Tanah Melayu Berhad (KTMB) to formalize their mutual intention to establish a framework for co-operation and collaboration.
This partnership aims to drive transformation and integrate travel services, food and beverage, loyalty programs and logistics within Malaysia, Capital A said in a statement on Monday.
The MOU sets out the understanding between the company and KTMB to jointly undertake detailed feasibility studies to ascertain the commercial and operational viability of the potential areas of co-operation which are of mutual benefit to both parties.
The MOU establishes a strategic ecosystem partnership to modernize Malaysia’s travel and logistics landscape through an integrated ecosystem of rail, air, logistics, food and beverage (F&B), and rewards.
By leveraging KTMB’s rail network together with Capital A’s strengths, including Teleport logistics, Santan F&B, AirAsia MOVE and AirAsia Rewards — the collaboration enables seamless multimodal travel, cargo efficiency, and enhanced passenger experiences.
Key initiatives under this partnership include potential bundled flight-train bookings, last-mile shuttle services to Senai Airport, cargo network integration between Teleport and KTMB Kargo, and in-train catering with Santan.
Passengers will also benefit from loyalty points exchange between Rail Points and AirAsia Rewards, and BigPay being considered as a preferred payment platform.
Through this partnership, the parties aim to enhance connectivity, drive tourism, streamline operational efficiency, and elevate service standards.
The MOU is not expected to have any effects on the issued share capital and substantial shareholders’ shareholdings of Capital A, as well as the net assets, gearing, earnings and earnings per share of the Capital A Group.
KTMB is Malaysia’s national railway company, wholly owned by the Ministry of Finance Incorporated.
The principal activities of the firm are railway transportation operations and the provision of
related railway services in Peninsular Malaysia and Singapore.
As a key player in the country’s land transport infrastructure, KTMB operates intercity, commuter, and freight rail services across Peninsular Malaysia, connecting urban and rural areas while supporting national mobility and economic development.
The firm’s services include the Electric Train Service (ETS), KTM Intercity, KTM Komuter, and KTM Kargo.