Airasia Presentation

Topics: Malaysia, Kuala Lumpur, 2010 Formula One season Pages: 2 (450 words) Published: July 5, 2010
Dato’Sri Anthony Francis Fernandes (also known as Tony Fernandes) is a Malaysian Entrepreneur and the founder of Tune Air Sdn. Bhd., who introduced the first budget no-frills airline, AirAsia, to Malaysians with the tagline "Now everyone can fly".

30 April 1964 1977 ~ 1983 1987 1987 ~ 1989 1989 ~ 1991

Born in Kuala Lumpur Educated at Epsom College (London) Graduated from the London School of Economics Work as Finance Controller in London Became the youngest-ever Managing Director of Warner Music (Malaysia) Sdn Bhd Became the South East Asian regional vicepresident for Warner Music Group Meet up with the Prime Minister, Tun Dr. Mahathir Mohamad to pursue his dream of starting a budget no-frills airline

1992 ~ 2001

October 2001

AirAsia, the heavily-indebted subsidiary of the Malaysian government-owned conglomerate company, was losing money speedily. Instead of starting from scratch, Tun Dr. Mahathir Mohamad advised Fernandes to buy an existing airline instead. Fernandes mortgaged his home and sank his savings to acquire the company, comprising two ageing Boeing 737-300 jets (9M-AAA and 9M-AAB) and USD$11 million (RM40 million) worth of debts, for 26 US cents (one ringgit), and transformed it into an industry player. Yet, just one year after his takeover, AirAsia had broken even and cleared all its debts. Its initial public offering (IPO) in November 2004 was oversubscribed by 130 per cent.
In 2007, Tony Fernandes has again created a "first" in Asia by starting a hotel chain, Tune Hotels which is based on the no-frills concept. The first Tune Hotel was opened at the intersection of Jalan Sultan Ismail and Jalan Tuanku Abdul Rahman in the heart of Kuala Lumpur. Expansions are in the works as more hotels will be opened up throughout Malaysia. Another new Tune Hotel will be opening soon in Danga Bay, Johor Bahru.

ABL (Asian Basketball League)
As of 2009, Fernandes is also the president of the ABL (Asian Basketball League)....
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