One of the best-known names in global aviation is preparing to step back from the front lines.
Tony Fernandes, the larger-than-life character credited with revolutionizing budget air travel in Asia, plans to focus more on areas such as health, education and private equity.
The 58-year-old Malaysian would be moving on as the industry emerges from COVID-19. Like other carriers, AirAsia, the group Fernandes founded, was floored by the pandemic. It¡¯s no longer quite the empire it once was, having closed down ventures in Japan and India, but still operates airlines out of Malaysia, Indonesia, Thailand and the Philippines, and plans a Cambodia launch.
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