Capital A Berhad extends CEO’s contract for five years

Investment holding company Capital A Berhad (which owns AirAsia as part of its portfolio) has extended CEO Tony Fernandes’ service contract for the next five years, ‘enabling him to continue his pivotal role at Capital A’. “[Fernandes] has set Capital A on the right strategic path for ongoing value creation, and the Board determined it is in the best interest of the shareholders to extend his tenure through the next five years,” explained independent non-executive director of Capital A Berhad, Dato Fam Lee Ee. Co-founder of AirAsia Tan Sri Tony Fernandes has also been appointed as an advisor to AirAsia’s