Tony Fernandes Named Capa Airline CEO of the Year

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AMSTERDAM, 28 October 2016 – AirAsia Group CEO Tony Fernandes has been named Airline CEO of the Year at the 2016 CAPA Aviation Awards for Excellence.
 
The award was presented to him at a gala dinner held at Hotel Okura here last night.
 
This is the third time Fernandes has won the accolade from the influential CAPA – Centre for Aviation. The first two times were in 2004 and 2005.
 
“AirAsia Group CEO Tony Fernandes said, “AirAsia has come a long way since I won the first ever CAPA Airline CEO of the Year award in 2004. And in those 12 years, AirAsia has both changed and stayed the same. Back in 2004, the low-cost model was still something new to Asia. We had just embarked on our first two affiliates outside of Malaysia, in Thailand and Indonesia. We had 17 planes and 1,400 staff, and people were only starting to notice us.”
 
“Since then, we’ve grown into a truly Asean airline with operations in Malaysia, Thailand, Indonesia, Philippines, India, and soon, Japan, with more than 200 aircraft and 17,000 Allstars. We’re the only airline that flies to all 10 Asean nations and, with Fly-Thru, we can connect the whole of Asia Pacific, from Japan, Korea and China to Australia and New Zealand to India and beyond, in just one stop. We even fly as far as Mauritius now. So that’s what’s changed.
 
“What has stayed the same throughout the years is our unending commitment to quality and innovation and the dream that everyone can fly. This wonderful award is a testament to the fact that the dream is still very much alive, and we will continue to hold to this dream as we go into the next 12 years and beyond.”
 
CAPA said Fernandes was selected for the award for successfully steering AirAsia to increased profitability and an improved outlook this year following an “extremely challenging” 2015.
 
It noted that the new capital raised from the issuance of new shares, expansion of operations in China, the upcoming relaunch of AirAsia Japan and the formation of an aircraft leasing business which is expected to be spun off are raising more capital and reducing group leverage.
 
CAPA Executive Chairman Peter Harbison said, “AirAsia is back at the front of the pack in the challenging Asian market and Tony has once again shown why he is one of the industry’s leading executives. The original short-haul operations in Malaysia and Thailand are again among the most profitable airlines in Asia while Indonesia and Philippines are expected to be profitable again in H2 2016. AirAsia X is also back in the black following a restructuring.”
 
The CAPA Aviation Awards is regarded as the pre-eminent awards for strategic excellence in aviation.
 
Recipients are chosen by an independent international panel of judges to reward airlines and airports that are not only successful but also provide industry leadership in adjusting to a new environment.
 
Past winners of the Airline CEO of the Year award include Qantas Airways CEO Alan Joyce, Etihad Airways CEO James Hogan and Willie Walsh, CEO of IAG, the holding company for British Airways, Aer Lingus, Iberia and Vueling.
 
AirAsia is Asia’s largest low-cost carrier by passengers carried and jet fleet, and boasts an extensive network of more than 120 destinations across Asia, Australia, the Middle East and Africa.
 
AirAsia was named World’s Best Low-Cost Airline for the eighth year in a row and AirAsia X won the World’s Best Low-Cost Premium Cabin and Premium Seat for the fourth straight year at the 2016 Skytrax World Airline Awards.
 
For its exemplary inflight service, AirAsia was also awarded the title of Asia’s Leading Inflight Service at the recent World Travel Awards, beating full-service carriers in the region and replicating its historic achievement last year when it became the first ever low-cost carrier to win Asia’s Leading Cabin Crew.
 
About CAPA – Centre for Aviation
 
Established in 1990, CAPA – Centre for Aviation is the leading provider of  independent aviation market intelligence, analysis, reports and data services, covering worldwide developments on a daily basis. It offers an extensive range of information services developed by a global team of writers and analysts covering the entire spectrum of commercial aviation. CAPA Members receive unrivalled industry analysis and a customised selection of over 400 daily news articles, as well as online access to comprehensive industry data and company profiles. CAPA also produces Airline Leader – the bi-monthly strategy journal distributed to 25,000 industry leaders globally and a range of CAPA Reports and presentations on key industry issues and trends. The largest collection of current CEO interviews and aviation executive commentary is available via CAPA TV. CAPA also runs C-level aviation and corporate travel summits in key markets around the world, bringing together the key stakeholders of the global commercial aviation industry.
 
About AirAsia Group
 
AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with over 120 destinations. Within 15 years of operations, AirAsia has carried over 330 million guests and grown its fleet from just two aircraft to over 200. The airline is proud to be a truly Asean (Association of Southeast Asian Nations) airline with operations in Malaysia, Indonesia, Thailand, Philippines and India, servicing a network stretching across Asia, Australia and New Zealand, the Middle East and Africa. AirAsia has been named the World’s Best Low Cost Airline at the annual Skytrax World Airline Awards for eight consecutive years from 2009 to 2016. AirAsia is the first airline globally to collaborate with INTERPOL to implement the I-Checkit system to screen the passports of all prospective passengers against information contained in the world police body’s Stolen and Lost Travel Documents (SLTD) database.
 

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