AirAsia denies Tony Fernandes’ resignation

AirAsia group CEO Tan Sri Tony Fernandes says the initial share sale plans of the Indonesia and Philippines units are proceeding well.

KUALA LUMPUR: AirAsia Bhd has strongly denied news that AirAsia Group chief executive officer (CEO) and AirAsia X Co-Group CEO, Tan Sri Tony Fernandes will be resigning to enter the financial technology sector.

In a statement Monday, the budget carrier advised the public and media to disregard screenshots of a hoax CNN story, titled, “Tony Fernandes Leaves Air Asia, Jumps On Financial Tech” circulating on social media.

It said Fernandes remained committed to AirAsia and would continue to oversee its strategic direction and business operations.

Earlier, Fernandes tweeted that: “Had many scams on me. This is the best fake news. The reality is (a) long way to go before I leave AirAsia, and AirAsia is investing big in Fintech. Some very valuable assets coming”