Published on Friday, December 9, 2011
AirAsia has been quick to deny reports that CEO Tony Fernandes is preparing to quit the airline.
AirAsia said Fernandesâ€™ statement (reported by Malaysian national news agency, Bernama) â€œwas made only in reference to his aspiration and expectation of the quality of his successor, should he decides to retire in the future".
â€œHowever, our group CEO does not have any plans to relinquish his leadership of the company any time â€˜soonâ€™ as suggested by the article,â€ said the airline spokesman.
Fernandes will be a key player in attempts by Qantas to forge a closer relationship with Malaysia Airlines and launch an ultra-premium airline in southeast Asia.
Air Asia owns 20% of Malaysia Airlines, which has unveiled a business plan to return the group back to the black by 2013.
â€œMalaysia Airlines needs to make hard and unpopular decisions simply to survive in order for it to then have the possibility to thrive and realise the airlineâ€™s vision,â€ said group chief executive Ahmad Jauhari Yahya.
MAS plans to dump loss-making routes, add 23 new aircraft and spin off ancillary businesses.
And by the second half of 2012, MAS will launch a new regional premium airline to connect Malaysia to ASEAN destinations and key cities in South Asia and Greater China, using a fleet of Boeing 737-800s.
â€œWe are also exploring the possibility of joint ventures with partners in order to serve multiple markets together, while reducing the financial risks of going alone,â€ said Ahmad Jauhari. â€¨
One of those partners is believed to be Qantas.
by TravelMole Asia
Move scroll bar (above) left to right for more videos!
The recent insolvency of Low Cost Travel Group, one of the large players in the travel industry had a big impact on the travelers, hotels and all related players from both wholesale & retail arms. There were about 27,000 people on a holiday who had booked through the company comprised of a €200 million wholesale arm and €500 million OTA / retail arm.