Tony Fernandez has officially resigned as the group CEO of AirAsia X Bhd (AAX) with immediate effect, only months since he was appointed to this role, citing other commitments as the reason for this decision.
In other news, the company said executive chairman Tunku Datuk Mahmood Fawzy will be appointed as the independent non-executive director of Thai AirAsia X (Thai AAX) effective immediately, where he will oversee the strategic direction and drive sustainable growth for the medium-haul of both AAX and Thai AAX.
Fernandes stepped into the position earlier this year, adding to his role as a non-independent non-executive director of AAX, going in with a mandate to restart AAX armed with plans for 20 aircraft for the group – 13 for AAX and seven for Thai AAX.
“We have improved the cost structure, and created the cargo business, which has contributed about 20% to the airline’s revenue during the pandemic and will continue to play a vital role in the recovery of AAX,” he said.
“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,” he added.
Fernandes said he will now focus on delivering value to shareholders of Capital A Bhd, including the AirAsia Aviation Group, aviation services, logistics, travel, fintech and the e-commerce lifestyle platform.