AirAsia's Fernandes Pushes Back on Financial Health Concerns, Signals Growth Plans
The airline's co-founder disputed a report questioning AirAsia's finances while pointing to plans to expand operations.
AirAsia co-founder Tony Fernandes has refuted concerns raised in a report about the airline's financial health, according to CNBC.
In comments cited by the network, Fernandes pushed back against the report's characterization of the carrier's financial position.
Fernandes also signaled that the airline intends to resume growth, though specific details of the expansion plans were not immediately disclosed, CNBC reported.
AirAsia, a Malaysia-based budget carrier co-founded by Fernandes, has been a major player in Southeast Asia's low-cost aviation market.
Further details on the original report's specific concerns, as well as the scope of AirAsia's planned growth, were not immediately available.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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