Fernandes to quit all except AirAsia, AirAsia X posts

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AirAsia boss Tony Fernandes arrives for a press conference in Sepang, on the outskirts of Kuala Lumpur on July 19, 2018. Malaysian budget airline AirAsia on July 19 announced an additional order of 34 Airbus A330neo planes, bringing the total value of its expanded 100-plane order to $30 billion as it sets its sights on European routes. / AFP PHOTO / Mohd RASFAN

KUALA LUMPUR: AirAsia Group Bhd co-founder and group chief executive officer (CEO) Tan Sri Tony Fernandes (pic) is to step down from all his positions, except in AirAsia Group and AirAsia X.

He, however, did not say when this would happen.

In a tweet yesterday, he said the decision was taken to move up the next generation of AirAsia leaders, to the forefront.

“As the first step of stepping back and moving the next generation of AirAsia leaders to the forefront, I will be stepping down from all boards, except AirAsia Group and AirAsia X,” Fernandes added. 

Last month, AirAsia announced a leadership reorganisation in support of its transformation into a travel and financial platform company, and build airasia.com into a lifestyle brand.

Fernandes doubles as CEO of airasia.com — AirAsia’s travel and lifestyle e-commerce platform — with an eye to appointing a new CEO who will report to him in due course.

The reorganisation exercise includes Aireen Omar who has been appointed AirAsia Group president (RedBeat Ventures) and will head up the corporate venture capital arm. – Bernama

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