HomeEntertainmentTony Fernandes Resigns As AirAsia X Group CEO

Tony Fernandes Resigns As AirAsia X Group CEO

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Tan Sri Tony Fernandes has stepped down as group chief executive officer (CEO) of AirAsia X (AAX), almost four months after being appointed to the position

According to a filing submitted to Bursa Malaysia, the airline justified Fernandes’ decision to step down by citing “other commitments”, reported Free Malaysia Today.

Fernandes was renamed acting group CEO of AAX on 8 July after Thai national Nadda Buranasiri resigned as the group CEO, as well as the CEO of Thai AirAsia X Co Ltd, in April this year.

Image via Hazzeen Mohamad/New Straits Times

Meanwhile, executive chairman Tunku Mahmood Fawzy has been appointed as an independent non-executive director of Thai AirAsia X, AirAsia said in a statement yesterday, 31 October

According to the statement, Fernandes also said that he had completed his mandate to restart AirAsia X with a plan for 20 aircraft for the group.

Fawzy will now supervise the strategic direction and drive long-term growth for both AAX and Thai AAX.

Image via New Straits Times

Fernandes added that the airline group was able to improve its cost structure and establish a cargo business, which contributed approximately 20% of the airline’s revenue during the pandemic

“It will continue to play a vital role in the recovery of AAX,” he said.

The AirAsia X co-founder stated he will now focus on delivering value to the shareholders of Capital A, including the AirAsia Aviation Group, logistics, travel, fintech, and its e-commerce lifestyle platform.

The Malaysian Aviation Commission (MAVCOM) said AirAsia received the highest number of customer complaints between January and June this year:

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