AirAsia Group CEO Tony Fernandes received the
2009 Frost & Sullivan Excellence in Leadership Award at a recent
congress attended by prominent business executives and industry
thought leaders from across Asia.
The award was presented to Mr
Fernandes for his exemplary leadership skills in driving
excellence within his organization. The award was given
at the recent GIL 2009: Asia Pacific, A Growth,
Innovation and Leadership Congress in Kuala Lumpur,
which was attended by 250 business leaders. Frost &
Sullivan holds the event annually.
Frost & Sullivan is a US-based
consulting firm that serves global top 1000 companies
and that focuses on the research and analyses of new
market opportunities for business growth.
In choosing Tony for the award, Frost
& Sullivan said it considered factors including social
impact, profit margins, stock price, overall market
growth and penetration, growth in market share, and over
all industry impact.
Of his award, Mr Fernandes said, “This
testifies to our belief at AirAsia that when we work
together, we can achieve anything. This award is due to
the 6,500 in the staff who are the backbone of AirAsia.
They inspire me, and collectively we work towards our
dream of growing AirAsia so that even more people can
fly and even more sky bridges are established. It gives
me great pleasure to know that efforts to change the
face of aviation and liberalize air travel are also
appreciated and deemed important by reputable business
When the airline started, it had a
fleet of two aircraft and a staff of 250. The airline
quickly expanded under Mr Fernandes’ leadership and has grown
to include approximately 80 new Airbus A320 aircraft,
113 routes to almost 60 destinations across Asia, and a
staff of 6,500.
Mr Fernandes also leads the rapidly
growing Tune Group,
which currently includes Tune Hotels, a no-frills hotel
chain that offers “5-star beds at 1-star prices;” Tune
Sports, which runs the ASEAN Basketball League; Tune
Money, which caters to the financial needs of the
underserved market at what it calls affordable prices; and Tune Talk,
a mobile phone service that offers flat rate
calls. Tune Group also has an investment in
1Malaysia F1 Team to support the 1Malaysia initiative
and to provide an avenue for Malaysia to advance in the
global sports scene.
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