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AirAsia was established on December 20, 1993, by DRB-HICOM, a Malaysian government-owned conglomerate, as a full-service carrier.The airline commenced operations on November 18, 1996, with its inaugural flight from Kuala Lumpur to Langkawi, utilising a Boeing 737-300. [7]
AirAsia, the heavily indebted subsidiary of the Malaysian government-owned conglomerate, DRB-Hicom, was then losing money. Fernandes mortgaged his home and used his personal savings to acquire the company, comprising two Boeing 737-300 jet aircraft and debts of US$11 million (RM40 million), for one ringgit (about 26 US cents). [ 13 ]
Tony Fernandes, the CEO of AirAsia, remains hopeful to resume a significant portion of its previous destinations with adjusted frequencies. [1] However, due to the low-cost model of the business, this would be unlikely and it is possible that a significant number destinations may be terminated to optimise route efficiency.
The Apprentice Asia is an Asian reality game show that was broadcast from May until July 2013. [1] In this show, a group of aspiring young businesspeople compete for the chance to work with the host of the show, Malaysian entrepreneur Tony Fernandes.
AirAsia X Berhad, operating as AirAsia X (formerly FlyAsianXpress Sdn. Bhd.), is a Malaysian long-haul, low-cost airline and a subsidiary of the AirAsia Group. The airline was initially established in 2006 as FlyAsian Express (FAX) and began by operating regional routes under Malaysia’s Rural Air Service. After encountering operational ...
Bhaskaran started his career in 1987 as a management trainee at Tata Steel. After that, he became the Vice President of Corporate services at Tata Steel. He worked in Tata Steel for over 30 years. [5] On 15 November 2018, he joined AirAsia India as the chief executive officer and managing director. [6]
Indonesia AirAsia in the old red and white livery. A buy out of Batavia Air was announced on 26 July 2012, that was to be done in two stages; AirAsia would buy 76.95% shares from Metro Batavia in a partnership with Fersindo Nusaperkasa (Indonesia AirAsia). Following that, by 2013, AirAsia was to acquire the remaining 23.05% held by other ...
AirAsia X claims that it is the first true low-cost long-haul carrier since the end of Skytrain. In late 2007, Cebu Pacific , the Philippines ' largest low-cost carrier, announced non-stop flights from the Philippines to the United States West Coast and other US cities from mid-2009. [ 29 ]