Tony Fernandes Bio

Topics: Airline, AirAsia, Low-cost carrier Pages: 3 (957 words) Published: July 7, 2010
Tony Fernandes founded Tune Air Sdn Bhd in 2001, with a vision to make air travel more affordable to Malaysians. With that in mind, Tony and his three partners bought over AirAsia from its owner DRB-Hicom. Tune Air's initial project was to remodel AirAsia into a low fare no frills carrier after successful low fare airlines such as U.S.-based Southwest Airlines and Dublin-based Ryanair and create a new aviation product in Malaysia. Under Tony’s leadership, the fledging airline with a RM40 million debt became a blooming, thriving business. The airline repaid all debts and has been in a profitable position from the first day of operation. In less than 3 years, AirAsia grew from 2 modest Boeing 737-300 to 30 and is now operating over 100 domestic and international daily flights from hubs in KLIA, Johor Bahru , Bangkok and Jakarta. Under his wings, AirAsia went on to revolutionize the air travel industry in Malaysia and pioneered the low cost phenomenon in Asia. In 2004, AirAsia formed successful joint ventures in Thailand and Indonesia where AirAsia holds 49% stake in both companies. Thai AirAsia, a joint venture with Shin Corporation, Thailand’s largest telecommunication conglomerate, took to the skies in Feb 2004 and has to date carried over 1 million guest in its first year of operations. PT AWAIR , re-launched as a low fare airline on Dec 8th 2004 presently served 5 domestic destinations in Indonesia. Tony was educated in United Kingdom in Finance. Upon graduation in 1987, Tony joined Virgin Group before moving on to Warner Music International London in 1989. Subsequently, Tony was transferred back to Malaysia in 1992. At the age of 28, Tony became the youngest person in recording industry’s history to head Warner Music Malaysia - a role, which he excelled in. Tony’s last serving role at Warner Music was as Vice President ASEAN. When Tony Fernandes wanted to start Malaysia's first discount airline a few years ago, he couldn't get a license. Then he heard...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Social Responsibility of Tan Sri Tony Fernandes Essay
  • Success Factor of Tony Fernandes Essay
  • Tony Fernandes Essay
  • Tony Fernandes Research Paper
  • Background Of Tony Fernandes Essay
  • Essay on Air Asia with Tony Fernandes
  • Tony Fernandes Leadership Essay
  • Essay about Tony Fernandes and Airasia

Become a StudyMode Member

Sign Up - It's Free