News
| Date of change | 31 Oct 2022 |
| Name | TAN SRI ANTHONY FRANCIS FERNANDES |
| Age | 58 |
| Gender | Male |
| Nationality | Malaysia |
| Designation | Non-Independent Director |
| Directorate | Executive |
| Type of change | Resignation |
| Reason |
Tony Fernandes went in with a clear mandate to restart AAX and brings it back to life from hibernation. He is 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. After the excellent job led by Lim Kian Onn on the restructuring, Tony Fernandes' job was to bring the airline back to profitability and growth. AAX has improved the cost structure, and created the cargo business, which has contributed about 20% to the airlines revenue during the pandemic and will continue to play a vital role in the recovery of AAX. He is confident that AAX will come back stronger providing a great value mid-range travel, led by the senior leadership teams in Malaysia and Thailand. Tony Fernandes is now going to focus on delivering significant value to shareholders of Capital A Berhad, including the AirAsia Aviation Group Limited, aviation services, logistics, travel, fintech and the e-commerce lifestyle platform. |
| Details of any disagreement that he/she has with the Board of Directors | No |
| Whether there are any matters that need to be brought to the attention of shareholders | No |
Qualifications
| No |
Qualifications
|
Major/Field of Study
|
Institute/University
|
Additional Information
|
| Working experience and occupation | |
| Family relationship with any director and/or major shareholder of the listed issuer | |
| Any conflict of interests that he/she has with the listed issuer | |
| Details of any interest in the securities of the listed issuer or its subsidiaries |
| Remarks : |
|
Tan Sri Anthony Francis Fernandes resigned as an Acting Group Chief Executive Officer and a Board Member of AirAsia X Berhad with effect from 31 October 2022. |
Announcement Info
| Company Name | AIRASIA X BERHAD |
| Stock Name | AAX |
| Date Announced | 01 Nov 2022 |
| Category | Change in Boardroom |
| Reference Number | C03-01112022-00005 |