AirAsia's Fernandes Refocuses Effort

AirAsia’s founder and group CEO, Tony Fernandes, is relinquishing his day-to-day management duties at the Malaysian carrier so he can devote more time to AirAsia’s associate carriers in other markets. AirAsia says it will announce a new CEO for AirAsia Malaysia on June 18 and that the move is related to Fernandes’ decision to relocate from Kuala Lumpur to Jakarta, the site of AirAsia’s new Asia regional office. Fernandes will retain his title as group CEO, an AirAsia spokesperson says. This means that although he will no longer be involved in the day-to-day running of the Malaysian operation, he will still oversee it as well as AirAsia’s associate carriers ...