Latest News
HomeAviationTony Fernandes extends leadership at Capital A Berhad for five more years
Aviation

Tony Fernandes extends leadership at Capital A Berhad for five more years

Capital A Behrad

Tony Fernandes has renewed his service contract with Capital A Berhad for another five years, promising continued growth and innovation under his leadership.

KUALA LUMPUR, MALAYSIA – Capital A Berhad, a leading aviation and travel services group, announced that Chief Executive Officer, Tony Fernandes, has signed a new service contract for the next five years, enabling him to continue his pivotal role at Capital A, focusing on driving future growth and financial returns of the Group.

Capital A’s Board of Directors approved an incentive package for Fernandes, designed to align the CEO’s interests with those of the shareholders and ensure a shared commitment to drive the long-term success and sustainability of Capital A. His role encompasses steering Capital A towards unlocking enhanced shareholder value through the execution of profitable transactions across Capital A’s entities within Capital A. The incentive package and its details will be presented to shareholders for their approval at the upcoming extraordinary general meeting.

Dato Fam Lee Ee, Independent Non-Executive Director of Capital A Berhad said, “Time and again, Tony has shown an unparalleled ability to successfully transform Capital A to drive growth and deliver financial returns, earning him a reputation as one of the world’s outstanding CEOs. He has set Capital A on the right strategic path for ongoing value creation, and the Board determined it is in the best interest of the shareholders to extend his tenure through the next five years. We are confident that, under his guidance, we will achieve even greater milestones in the years ahead.”

Tony Fernandes, CEO of Capital Asaid, “I am excited to embark on the journey of completing the full transformation of Capital A, poised to deliver tremendous value to its shareholders following the imminent disposal of its aviation business. Over the next two years, investors and shareholders will witness the rise of four strong pillars of business, born out of the AirAsia Group. All these businesses excite me, each set to become a free-standing entity with its own robust capital structure. Throughout the next five years, I envision Teleport, MOVE Digital, Capital A Aviation Services Group (CAPAS) and Capital A International evolving into separately listed public companies, which share the fundamental DNA of AirAsia— characterized by low-cost, high efficiency, and a relentless commitment to being independent and resilient market disruptors.”

Widely recognized as one of the industry’s most transformative leaders, Tony Fernandes with his visionary leadership has expanded the horizons of Capital A and the broader AirAsia Group, embracing disruption, innovation and strategic acquisitions to propel itself into new realms of success. From democratizing air travel in Asia, to steering the company in becoming the leading aviation and travel services group globally, the 59-year-old entrepreneur has been instrumental in shaping the company as well as the industry in the ASEAN region. Capital A looks forward to continued growth and the realization of even greater achievements under his adept leadership.

Website | + Articles

George, in his capacity as an intern, diligently oversees the flow of news, assists in the publication of content, and delves into the strategies of social media distribution. He is currently pursuing his studies in Business Administration at the Athens University of Economics and Business.

17/05/2024
16/05/2024
15/05/2024
14/05/2024
13/05/2024