Tony Fernandes

KUALA LUMPUR: Tan Sri Tony Fernandes has resigned from his position as the group chief executive officer of AirAsia X Bhd (AAX), citing other commitments.

“I am confident that AAX will come back stronger providing a great value mid-range travel, led by the senior leadership teams in Malaysia and Thailand. Fernandes said he had accomplished his mandate to restart AirAsia X with a plan for 20 aircraft for the group – 13 for AAX and seven for Thai AAX. He will oversee the strategic direction and drive sustainable growth for the medium-haul of both AAX and Thai AAX.

Filing to Bursa Malaysia cites 'other commitments' as his reason for stepping down.

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KUALA LUMPUR, Oct 31 — Tan Sri Tony Francis Fernandes has resigned as AirAsia X Bhd's (AAX) group chief executive officer (CEO) effective today.

Previously, Fernandes was a non-independent non-executive director at the company. Fernandes stepped into the role after his predecessor Nadda Buranasiri ...

Tunku Datuk Mahmood Fawzy will be appointed as the independent non-executive director of Thai AirAsia X (Thai AAX), both effective as of today,” AirAsia said in ...

“I went in with a clear mandate to restart AAX and bring it back to life from hibernation. The resurgence in AAX and Thai AAX as leading low-cost carriers in the mid-range category, would not have been possible without the outstanding leadership and support from Tony as acting group CEO. “Tony Fernandes, who was recently appointed as the acting group CEO, in addition to his position as a non-independent non-executive director of AAX in July this year, will be stepping down from his senior leadership positions with AAX, ensuring a smooth transition in leadership. Our strategy is to focus on flying our most popular and profitable medium haul routes first, which have proven to be successful in the past including leveraging cargo operations in key markets,” said Mahmood Fawzy. “AAX group is reborn and rebounding fast, thanks to strong pent up demand for affordable mid-range travel across Asia and Asia Pacific. To cater to the “overwhelming consumer demand”, Mahmood Fawzy said the AAX group has added a significant number of new services for both Malaysia based AAX (D7) and Thailand based TAAX (XJ), “with many more in the pipeline”.

Tony Fernandes has resigned as acting head of low-cost operator AirAsia X to focus on his role at diversifying airline group Capital A.

”After the excellent job led by Lim Kian Onn on the restructuring, my job was to bring the airline back to profitability and growth. “I am confident that AAX will come back stronger, providing great value mid-range travel, led by the senior leadership teams in Malaysia and Thailand. ”I went in with a clear mandate to restart AirAsia X and bring it back to life from hibernation,” says Fernandes.

Mr Fernandes reportedly wants to concentrate on Capital A, which is the holding company of AirAsia Aviation Group. Read more at straitstimes.com.

“My job was to bring the airline back to profitability and growth. “I went in with a clear mandate to restart AirAsia X and bring it back to life from hibernation. Despite key changes in the senior management team, the source pointed out that the current AAX CEO Benyamin Ismail would play a key role in enhancing AirAsia’s growth, and the group has yet to find Mr Fernandes’ replacement in AAX.

Fernandes explained that he went in with a clear mandate to restart AAX and bring it back to life from hibernation.

After the excellent job led by Lim Kian Onn on the restructuring, my job was to bring the airline back to profitability and growth," he said. "I am happy that this has been accomplished with a very edifying plan for 20 aircraft for the AAX Group— 13 aircraft for AAX and seven for Thai AAX. The airline said in a separate statement that Fernandes (pictured) is doing so to ensure a smooth transition in leadership.