Tag: tony Fernandes

AirAsia Group CEO Tony Fernandes on Thursday said the low-cost airline can bounce back to profitability next year, but that it will look to raise 2 billion ringgit ($469 million) in the next six months to be in a “very comfortable” position. In an interview with Nikkei Asian Review, Fernandes expressed confidence that AirAsia can overcome heavy losses brought on by the COVID-19 pandemic. The Malaysia-based company said earlier on Thursday that it was working to raise more than 1 billion ringgit ($234 million). Air Asia gave details of its plans after its shares fell sharply on Wednesday following a ... Read more