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Tony Fernandes steps down as acting group CEO at AirAsia X

Tony Fernandes steps down as acting group CEO at AirAsia X
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Kuala Lumpur, Malaysia – AirAsia X, the long-haul budget airline under the airasia airline fleet, has announced that Tony Fernandes is stepping down from his role as acting group CEO role of the airline. According to AirAsia X, Fernandes will focus on his much-larger role as the group CEO of Capital A.

“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. I’m 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,” Fernandes said.

Fernandes’ resignation from the AirAsia X board comes months after Rafidah Aziz stepped down from her role as chairman of AirAsia X.

“I went in with a clear mandate to restart AirAsia X and bring it back to life from hibernation. 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,” Fernandes added.

AirAsia X has also announced the appointment of Tunku Dato’ Mahmood Fawzy will be appointed as the independent non-executive director of Thai AirAsia X (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,” Fawzy said.

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