KUALA LUMPUR: Tony Fernandes has resigned as AirAsia X Bhd (AAX) group CEO, months after he was appointed to the post.
Fernandes cited “other commitments” for his decision to step down, according to a filing to Bursa Malaysia.
On July 8, Fernandes was redesignated as AAX acting group CEO.
In a statement issued late this evening, AirAsia said executive chairman Tunku Mahmood Fawzy will be appointed as independent non-executive director of Thai AirAsia X (Thai AAX) effective immediately.
He will oversee the strategic direction and drive sustainable growth for the medium-haul of both AAX and Thai AAX.
The statement quoted Fernandes as saying that 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 said the airline group has managed to improve its cost structure and created the cargo business, which had contributed about 20% of the airline’s revenue during the Covid-19 pandemic.
“It will continue to play a vital role in the recovery of AAX,” he said.
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.
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