Travel Industry News at TravelNewsAsia.com since 1997
Tue, 1 November 2022

Tony Fernandes Steps Down as Acting Group CEO of AirAsia X

(01/11/22)  AirAsia X (AAX) has made key changes to its senior management team as the company prepares for the next phase of growth as a mid-range airline.

Tony Fernandes, who was recently appointed as Acting Group CEO in addition to his position as a Non-Independent, Non-Executive Director of AAX, has stepped down from his senior leadership positions with AAX, while Tunku Dato Mahmood Fawzy has been appointed as the Independent Non-Executive Director of Thai AirAsia X (TAAX), effective immediately.

AirAsia X wingtip and a sunbow in sky above DMK. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.
AirAsia X wingtip and a sunbow in sky above DMK. Picture by Steven Howard of TravelNewsAsia.com

I went in with a clear mandate to restart AirAsia X and bring it back to life from hibernation, said Tony Fernandes. I am happy that this has been accomplished with a very edifying plan for 20 aircraft for the AAX Group - 13 for AAX and 7 for Thai AAX. After the excellent job led by Lim Kian Onn on the restructuring, my job was to bring the airline back to profitability and growth. We have 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. 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. Im now going to focus on delivering significant value to shareholders of Capital A, including the AirAsia Aviation Group, aviation services, logistics, travel, fintech and the e-commerce lifestyle platform.

Tunku Dato Mahmood Fawzy will now focus on overseeing the strategic direction and driving sustainable growth for the medium-haul airline group - AAX and TAAX.

I am thrilled to join the TAAX board of directors as the group embarks on our new phase of growth as a predominantly mid-range airline. 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 Tunku Dato Mahmood Fawzy. In just a short period of six months, AAX has already increased its cash flow by over 100% compared to when it restarted in April, with robust plans to continue this positive trajectory moving forward. To cater to the overwhelming consumer demand, the AAX Group has added a significant number of new services for both Malaysia based AAX (D7) and Thailand based TAAX (XJ) over recent times with many more in the pipeline.

Latest exclusive video interviews16 HD Video Interviews from Routes Europe 2024 in Aarhus, Denmark; 9 HD Video Interviews from Routes Asia 2024 in Langkawi, Malaysia; Standard to Open Residences in Hua Hin and Phuket, Thailand; Video Interview with Amar Lalvani, Executive Chairman; 9 Exclusive Video Interviews from ASEAN Tourism Forum 2024 in Vientiane, Laos; 8 NTO Press Conferences from ASEAN Tourism Forum 2024 in Vientiane, Laos; 13 HD Video Interviews from World Travel Market 2023 in London, England; 5 HD Video Interviews from APG World Connect 2023 in Monaco, France; 15 HD Video Interviews from Routes World 2023 in Istanbul, Türkiye; and Electric Airport Taxis at Almaty Airport (ALA) in Kazakhstan - HD Video Interview with CEO.

Headlines: Sabre Embraces Increasing Power of AI to Launch SabreMosaic  Thailand International Boat Show to Take Place at Phuket Yacht Haven in 2025  Aeroflot Opens Ticket Sales on Flights Between Krasnoyarsk and Sanya, China  Norwegian Cruise Line Unveils Details of 24 Port-Intensive Cruises Across Asia  British Airways to Launch Seasonal Flights to Tromsø, Norway  SITA Expands Portfolio of Airport Solutions with Materna IPS Acquisition  United Airlines Takes Wrexham AFC's Recent Success to New Heights  Peter Tichy Joins Radisson Blu Plaza Bangkok as General Manager  SMFL LCI Orders 14 Airbus Helicopters  Apollo Extends Charter Contract with Scandinavian Airlines (SAS)  Garuda Indonesia and Singapore Airlines Sign FFP and Revenue Sharing Agreements  Mandarin Oriental Signs Fifth Luxury Hotel in Italy  Saudia Signs Firm Order for 105 Airbus Aircraft  IHG Signs Three Resorts in Turks & Caicos  Plaza Premium Appoints Dr. Syafrina Sharif as Global Head of ESG & Sustainability  TFE Hotels Launches New Loyalty Program  The First Collection at Jumeirah Village Circle Joins Marriott's Tribute Portfolio  Emirates to Double Number of Flights to Saigon, Vietnam  Korean Air Partners AWS for AI-Powered Contact Center  GOLIAT Project to Explore Use of Liquid Hydrogen in Aviation  Singapore Airlines to Establish a Foundation  Plaza Premium to Open City Terminal Lounge in Osaka, Japan  ATR Appoints Andrea Coccetti as CFO and SVP Finance  Pegasus Airlines to Launch Flights Between Ankara and Dublin, Ireland  Hawaiian Airlines Launches Flights Between Honolulu and Salt Lake City  IHG Signs Crowne Plaza Resort in Nepalgunj, Nepal  Minor Hotels Appoints Puneet Dhawan as Head of Asia  Pegasus Airlines Launches Flights Between Istanbul and Bratislava, Slovakia  Amelia Appoints APG as Online GSA in Belgium and Offline GSA in Luxembourg  Queen Elizabeth 2 Hotel in Dubai Appoints Nidal Shbat as Director of Sales  Cross Launches New Hotel Brand  Air Astana Warns Nomad Club FFP Members About Upcoming Upgrade  WTM London 2024 Opens Call for Papers  IndiGo to Launch Direct Flights Between Deoghar and Bengaluru  Travel and Tourism Industry Deal Activity Down 13.5%  Thai AirAsia Reports Q1 2024 Results  Greg Gubiani Joins World's Best Airport Hotel as GM  Passenger Security Charge at Hong Kong Airport to Increase in Phases  Hotel Management Japan to Upgrade Distribution with SynXis and Channel Connect  Trials on Use of Renewable Diesel for Airside Vehicles at Singapore Changi Airport  IHG to Expand Hotel Indigo and Vignette Collection Brands to Vietnam  Pegasus Airlines to Launch Flights Between Istanbul and Edinburgh, Scotland  Philippines and Singapore Agree to Significantly Improve Air Connectivity  Lokesh Kumar Joins Minor Hotels as Vice President of Development - Middle East  Norse Atlantic Reports Strong Passenger Numbers for April 2024  Hong Kong to Host Routes World 2025  Emirates to Refurbish 71 More A380 and B777 Aircraft  Yotel Partners Frasers Hospitality for First Hotel in Japan  British Airways Holidays Reveals Results from 2024 Travel Trends Report  Hangzhou ZhongWei Goethe Hotel Joins WorldHotels  Four Seasons Signs New-Build Luxury Hotel in Madinah, Saudi Arabia  Etihad Airways Offers Free Hotel Stays in Abu Dhabi Stopover Promotion  Shell Sells Energy and Chemicals Park in Singapore  SWISS Launches Flights Between Zurich and Seoul, South Korea  Marriott Opens First AC Hotel in Southwest China  High-Speed Fun in Denmark! HD Video Interview with Aarhus Sea Rangers  Dusit Signs First All-Inclusive Hotel  Scoot's First E190-E2 Enters Commercial Service with Flight to Krabi, Thailand  Pjey Mayandi Appointed GM of M Social Phuket Hotel in Thailand  Accor Takes Over Management of Hotel in Brisbane, Australia  16 Exclusive HD Video Interviews from Routes Europe 2024 in Aarhus, Denmark  IndiGo to Double Number of Flights Between Delhi and Phuket, Thailand  Marasca's Second Hotel in Thailand to Open on Koh Samui in July  Over 400 Exhibitors Expected at ITB India 2024 in September  AirAsia Launches Flights Between Kuala Lumpur and Ahmedabad, India  Korean Air to Launch Direct Flights Between Seoul Incheon and Portugal  Marriott's 150th Hotel in India is a Vegetarian Resort in Katra  Plaza Premium Expands Flight Club at Kuala Lumpur Airport with Restaurant in T1  Aviation: International RPK Increases 18.9% Globally; Asia Pacific Airlines +38.5%  Brunei Orders Six H145M Helicopters to Replace BO105s  Singapore-Based Lessor Orders 10 ATR 72-600s  AirAsia's Seventh Airline Launches Flights  Pattaya Airways Takes Delivery of First of Two ATR Freighters  Minor Hotels Opens Office in Bengaluru; Targets 50 Hotel Openings in India Within Decade  Marriott Opens Eighth Sheraton Hotel in Vietnam  IHG Signs Hotel in The Forestias Mixed-Use Development Near Bangkok, Thailand  Association of Asia Pacific Airlines Reports March 2024 Traffic Numbers  Hong Kong Airlines Resumes Saipan Flights  Sabre Becomes First GDS to Provide NDC Content Through Zeno  FCM Appoints Siddharth Mehta as Vice President of Supply for India  Hong Kong Airlines Launches Flights to Vientiane, Laos  Air Astana to Resume Flights Between Astana and Seoul, South Korea  Airbus Expands Pléiades Neo Earth Observation Constellation with New Programme  ASM Global to Operate ICC Sydney for 10 More Years  SAS Signs Alliance Adherence Agreement with SkyTeam  OUE Awarded Tender for 255-Room Zero-Energy Hotel at Changi Airport, Singapore  Korean Air to Launch Seoul Incheon - Macau Flights  John Girard Joins Plaza Premium as General Manager Operations - Hong Kong  IndiGo to Order 30 A350-900s Powered by 60 Rolls-Royce Trent XWB-84s  Sabre Expands Lodging, Ground & Sea Team  Lodz Airport (LCJ) Central Poland - Interview with Robert Makowski, Commercial Director (CCO)  Greenland Airports - Interview with Jens R. Lauridsen, CEO  Glasgow (GLA), Southampton (SOU) and Aberdeen Airports (ABZ) - Interview with Christopher Tibbett, Aviation Director  Visit Aarhus - Interview with Pia Lange Christensen, CEO  Aarhus Airport (AAR) in Denmark - Interview with Lotta Sandsgaard, CEO  Visit Estonia - Interview with Kristina Kästik, B2B Team Lead, at Routes Europe 2024  Airsiders - Interview with Antonio Pascale, Commercial Director, at Routes Europe 2024  PDC Airport Solutions - Interview with Flemming Glyager at Routes Europe 2024 in Aarhus, Denmark  Hannover Airport (HAJ) - Interview with Prof. Dr. Martin Roll, CEO  Princess Juliana Airport (SXM) - Interview with Michiel Parent, Commercial Director  London Southend Airport (SEN) - Interview with Marc Watkins, RDM  Tallinn Airport (TLL) in Estonia - Interview with Eero Pärgmäe Board Member and CCO  Isle of Man Airport (IOM) - Interview with Gary Cobb, Airport Director  Visit Isle of Man - Interview with Deborah Heather, CEO, at Routes Europe 2024  OAG - Interview with Chelsea Waller at Routes Europe 2024 in Aarhus, Denmark  IHG Signs Crowne Plaza Hotel in Dehradun, India  Air Astana and Neos Sign MOU on Strategic Partnership  Fiji Airways to Use Assaia's TurnaroundControl Solution  AirX Signs LOI with Eve For Up To 50 eVTOL Aircraft  Executive Changes as bp Simplifies Organisational Structure  Thai AirAsia to Launch Daily Flights Between Suvarnabhumi and Hat Yai  Nine Exclusive HD Video Interviews from Routes Asia 2024 in Langkawi, Malaysia  9 Exclusive Video Interviews with VIPs at ASEAN Tourism Forum 2024 in Vientiane, Laos  8 NTO Press Conferences from the ASEAN Tourism Forum 2024 in Vientiane, Laos  13 Exclusive HD Video Interviews from World Travel Market 2023 in London, England  5 Exclusive HD Video Interviews from APG World Connect 2023 in Monaco, France  15 Exclusive HD Video Interviews from Routes World 2023 in Istanbul, Türkiye  Electric Airport Taxis at Almaty Airport in Kazakhstan - Video Interview with Co-Founder  Pictures from Miss International Queen 2023 Transgender Beauty Pageant in Pattaya, Thailand  Exclusive Video Interviews with 17 Miss International Queen 2023 Contestants  Living With One Eye - Six Years On by Steven Howard  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS Feed - Travel Industry News  Ticker - Travel Industry News  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2024 TravelNewsAsia.com