AirAsia won’t get involved in Malaysia Airlines, founder says

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Airasia Won’t Get Involved In Malaysia Airlines, Founder Says

AirAsia founder and group CEO Tony Fernandes has ruled out any involvement in Malaysia’s ailing national airline, which is at risk of being sold or shut down, according to the South China Morning Post.

Fernandes’ clarification contradicts earlier reports that a group of businessmen led by former AirAsia Group chairman Pahamin Ab Rajab had met the Prime Minister on July 3 to express their interest in helping the government turn around the struggling national airline.

He said that his profitable budget airline – which flew some 80 million passengers last year – was focused on “growing organically” and speeding up its push to become a digital enterprise.

His comments came after Malaysia’s Prime Minister Mahathir Mohamad on July 9 said he was considering four proposals to resuscitate the carrier. These were mostly from “local companies,” who offered to either buy a stake in the flag carrier or to manage it, Mahathir said.

“I am not sure how many languages I have to say it in. I am on this big journey of transforming AirAsia. AirAsia is focused on AirAsia,” Fernandes noted.

But the aviation entrepreneur, who spoke to the South China Morning Post on the sidelines of a conference in Hong Kong on July 9, welcomed Malaysia Airlines’ recent move to expand its cooperation with Singapore Airlines, saying the expanded partnership would in turn improve AirAsia.

“Competition is what makes us better. I don’t want anyone or anything to be blocked from doing a decent business, saving jobs or creating jobs,” Fernandes said.

Late last month, Malaysia Airlines said it would expand its relations with Singapore Airlines to develop a “wide-ranging partnership” on flights, cargo and aircraft maintenance.

Malaysia Airlines is under the supervision of the country’s sovereign wealth fund Khazanah Nasional, which has pumped insix billion ringgit ($1.45 billion) to keep the airline afloat.

The airline, including its subsidiaries MASwings and Firefly, carried 16.1 million passengers in 2018. The company currently has 113 planes in service, made up mostly of single-aisle Boeing 737s and turboprops to serve domestic and regional routes.

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AirAsia founder and group CEO Tony Fernandes has ruled out any involvement in Malaysia’s ailing national airline, which is at risk of being sold or shut down, according to the South China Morning Post. Fernandes’ clarification contradicts earlier reports that a group of businessmen led by former AirAsia Group chairman Pahamin Ab Rajab had met the Prime Minister on July 3 to express their interest in helping the government turn around the struggling national airline. He said that his profitable budget airline - which flew some 80 million passengers last year - was focused on “growing organically” and speeding up...

Reading Time: 2 minutes

Airasia Won’t Get Involved In Malaysia Airlines, Founder Says

AirAsia founder and group CEO Tony Fernandes has ruled out any involvement in Malaysia’s ailing national airline, which is at risk of being sold or shut down, according to the South China Morning Post.

Fernandes’ clarification contradicts earlier reports that a group of businessmen led by former AirAsia Group chairman Pahamin Ab Rajab had met the Prime Minister on July 3 to express their interest in helping the government turn around the struggling national airline.

He said that his profitable budget airline – which flew some 80 million passengers last year – was focused on “growing organically” and speeding up its push to become a digital enterprise.

His comments came after Malaysia’s Prime Minister Mahathir Mohamad on July 9 said he was considering four proposals to resuscitate the carrier. These were mostly from “local companies,” who offered to either buy a stake in the flag carrier or to manage it, Mahathir said.

“I am not sure how many languages I have to say it in. I am on this big journey of transforming AirAsia. AirAsia is focused on AirAsia,” Fernandes noted.

But the aviation entrepreneur, who spoke to the South China Morning Post on the sidelines of a conference in Hong Kong on July 9, welcomed Malaysia Airlines’ recent move to expand its cooperation with Singapore Airlines, saying the expanded partnership would in turn improve AirAsia.

“Competition is what makes us better. I don’t want anyone or anything to be blocked from doing a decent business, saving jobs or creating jobs,” Fernandes said.

Late last month, Malaysia Airlines said it would expand its relations with Singapore Airlines to develop a “wide-ranging partnership” on flights, cargo and aircraft maintenance.

Malaysia Airlines is under the supervision of the country’s sovereign wealth fund Khazanah Nasional, which has pumped insix billion ringgit ($1.45 billion) to keep the airline afloat.

The airline, including its subsidiaries MASwings and Firefly, carried 16.1 million passengers in 2018. The company currently has 113 planes in service, made up mostly of single-aisle Boeing 737s and turboprops to serve domestic and regional routes.

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