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November 1st 2022
AirAsia X (AAX) said Tony Fernandes had stepped down as its acting CEO and a non-independent non-executive director to ensure a “smooth transition in leadership”. Read More » The LCC named Tunku Dato’ Mahmood Fawzy as an independent non-executive director of Thai AirAsia X (TAAX) and said he would “focus on overseeing the strategic direction and driving sustainable growth for the medium-haul airline group” of Malaysia-based AAX and TAAX. “AAX Group is reborn and rebounding fast thanks to strong pent-up demand for affordable mid-range travel across Asia and the Asia-Pacific,” Dato' Mahmood said. “In just a short period of six months, AAX has increased its cash flow by more than 100% against its restart in April and has robust plans to continue this positive trajectory moving forward.” Fernandes, who has been acting CEO of the airline since July, added: “I am confident AAX will come back stronger providing great value mid-range travel, led by senior leadership teams in Malaysia and Thailand. I will 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.”
