AirAsia announces further company reorganization as rapid transformation continues

SEPANG, MALAYSIAAirAsia Aviation Limited (AAAL), the holding company for the airline group, today announces key strategic and organizational changes as Capital A’s rapid transformation continues.



Following the recent group holding name change from AirAsia Group to Capital A, AAAL is to be renamed AirAsia Aviation Group Limited (AAAGL). The name change reflects the aviation group’s recovery and growth strategy by consolidating all of its airline operations under one entity to focus expansion of the business within the larger ecosystem.

The new airline group entity also announces the establishment of an independent board of directors, including the recent appointment of Tan Sri Jamaludin Ibrahim as independent non-executive Chairman, providing fresh perspectives and robust board leadership to support the strategic growth of the airline businesses.

Under the new structure, AAAGL will oversee all airlines in Capital A, as well as related international support functions including AirAsia Consulting, shared corporate services division AirAsia SEA, the Santan food group, and the ground handling services joint venture business called GTR.

The formation of a new board of directors for AAAGL, comprising all independent directors, (except the Group CEO), will be separate from the board of Capital A. This provides a dedicated focus on the aviation businesses to support sustainable growth including setting up new joint ventures in the future. The plan is to assemble a balanced mix of industry-leading professionals with diverse backgrounds and complementary skills. It is envisaged that the board will comprise some of the best in their respective areas including well-known figures from the various countries it operates in to ensure diversity in nationalities, skills, and gender.
© Airlinerwatch.com