Minjun ParkGeneral
AirAsia Defends Finances After Reporting 831 Million Ringgit Q2 Loss
The carrier held 18.4 billion ringgit in current liabilities against 954 million ringgit in cash and bank balances as of June 30.
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Tony Fernandes
Every story tagged Tony Fernandes on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Tony Fernandes
13 stories in this topic
Aiko TanakaGeneral
AirAsia Rejects Bailout Talk and Targets 1 Billion Dollar Debt Refinancing
Co-founder Tony Fernandes says the carrier holds sufficient liquidity to navigate soaring unhedged jet fuel prices without state intervention.
Sarah ChenGeneral
Malaysia Asks Airlines to Prepare to Absorb AirAsia Routes
Authorities are conducting contingency planning as the budget carrier faces financial pressure from debt and rising fuel costs, though no operational transfer has been decided.
Minjun ParkGeneral
Rehiring everyone laid off is my priority, says AirAsia boss
One of the first things Tony Fernandes wants to do after the company is back in business is to rehire every staff he had to let go during the Covid-19 crisis, even as he remains confident the airline is set to come out much stronger. The AirAsia Group’s CEO…
Wei ZhangGeneral
Tony Fernandes says AirAsia ‘can survive’ just on domestic traffic
AirAsia Group Bhd group CEO Tan Sri Tony Fernandes said the budget airline “can survive” just on domestic traffic, which is about 50% of the group’s business. “That is very different from Singapore Air (Singapore Airlines) or JAL (Japan Airlines Co Ltd) or…
Aiko TanakaGeneral
AirAsia founder Tony Fernandes claims governments ’ Covid-19 coordination ‘horrific’
“The coordination on Covid-19 is horrific,” AirAsia Group Bhd founder and group chief executive officer Tan Sri Tony Fernandes laments and claims in a direct swipe at world governments’ on how the global pandemic has been managed and its impact on the travel…
Sarah ChenGeneral
ED summons AirAsia CEO Tony Fernandes
The Enforcement Directorate has summoned AirAsia chief executive officer (CEO) Tony Fernandes on 20 January in an ongoing probe against the airline. Summons have been issued to the entire top brass of the airline, both past and present, under the Prevention…
Aiko TanakaGeneral
Tony Fernandes steps down from all posts except Airasia, Airasia X
AirAsia Group Bhd chief executive Tan Sri Tony Fernandes said today he is stepping down from all official board positions except AirAsia Group and AirAsia X Berhad to pave the way for new leaders to move up the company’s ranks. On Twitter, Fernandes he made…
Aiko TanakaGeneral
AirAsia’s Tony Fernandes: ‘Too Many Leaders Stay Too Long’
The public nature of aviation means it tends to attract large-scale palace intrigue about executive leadership changes from employees, customers and other stakeholders and observers. With the industry typically having small margins and many uncontrollable…
Wei ZhangGeneral
AirAsia’s Tony Fernandes quits Facebook, citing social media ‘hate’
AirAsia Group chief executive officer Tony Fernandes closed his Facebook account and said he may shut his Twitter page, citing “hate” being transmitted on the networks after the live-streaming of the terror attack on two mosques in New Zealand. “The amount of…
Aiko TanakaLiving
AirAsia to freeze launches for next 3 years barring Vietnam
Malaysian discount carrier AirAsia Group won’t open any new airline in the next three years and will focus on current operations after its proposed Vietnam launch, Group CEO Tony Fernandes said Wednesday. “After Vietnam, we will focus on what we have,”…
Rajiv MenonGeneral
AirAsia boss Tony Fernandes wants to help Malaysian football
Malaysian businessman and AirAsia’s chief executive officer Tan Sri Tony Fernandes has expressed interest to work with the Football Association of Malaysia (FAM) after visiting the national body for a meeting on Monday. “At the meeting, Tony, through his…
Sarah ChenGeneral
AirAsia Group CEO launches memoirs
Airasia Group chief executive officer Tan Sri Tony Fernandes launched his memoirs, Flying High, a look back at his journey from music man to airline man. The book was unveiled at a star-studded affair at Marini’s On 57 in Kuala Lumpur, in the shadow of the…