KUALA LUMPUR: AirAsia X
has approved a new management structure with several reappointments following the group's consolidation exercise, which entailed the airline's aquisition of AirAsia Bhd and AirAsia Aviation Group Limited (AAAGL) from Capital A Bhd.
Bo Lingam has been apointed group CEO for overall strategic leadership while Farouk Kamal has been made the deputy group CEO to oversee corporate functions and operations and driving performance across the business.
Low Kar Chuan has been appointed chief financial officer. Lavinia Louis is the new head of group finance, managing groupwide financial amangement, reporting and controls.
Benyamin Ismail has been appointed general manager, and will continue to be the accountable manager in running the day-to-day operations of AirAsia X as an airline operating company.
"This new management structure reflects the board’s commitment to strengthening the leadership depth and ensuring that the Company is well positioned to execute its strategic priorities.
"With Bo's proven leadership and deep understanding of the business, we are confident AirAsia X is in good hands. Each appointment brings relevant experience and capability that will support AirAsia X as it continues its transformation and long-term value creation journey," said AirAsia X chairman Datuk Fam Lee Ee.
AirAsia X also announced the successful listing and quotation of 606.06 million placement Shares and 2.31 million consideration shares, marking the completion of its proposed private placement.
The company is evaluating a possible change of name to reflect the consolidation of the group's aviation business, with any proposals subject to the relevant approvals and further announcement in due course.
