Fernandes, Kamarudin to focus on AirAsia


Analysts covering the airline said Fernandes(left in file pic) told them that he, and his long-term business partner Kamarudin Meranun(right), would become more hands on.

SINGAPORE: AirAsia Bhd boss Tan Sri Tony Fernandes has told staff and analysts that he will spend more time working on the budget airline and put his other business and sporting interests to one side, after a report questioning the company’s accounts sent its share price tumbling.

The chief executive has said his other work will take a back seat as he focuses on repairing the financial damage done to Asia’s largest low cost airline, according to analysts and two AirAsia executives who spoke to Reuters on condition of anonymity.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , AirAsia , fernandes , stock , shares , klci , klse , airlines ,

Next In Business News

Nam Cheong nets US$20.5mil in vessel sale
NuEnergy disposes of non-core asset
PLB Engineering flagged for material uncertainty
Consumer sector posts ESG compliance gains
Foreign funds set to U-turn into Bursa
Trive Property to bank on its rental income
Borneo Oil’s associate seeks Nasdaq listing
Advancecon appoints Phum as MD
Nexgram focuses on core operations
SIB disposes of Seremban land for RM25mil

Others Also Read