Fernandes on board Capital A for five more years

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Fernandes on board Capital A for five more years
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MANCHESTER (Reuters) -Manchester United captain Bruno Fernandes came to his side's rescue with two goals in a 4-2 home victory over the Premier League's bottom club Sheffield United on Wednesday just when more trouble loomed for beleaguered manager Erik ten Hag.

Capital A Bhd’s senior independent non-executive director Datuk Fam Lee Ee, chief executive officer Tan Sri Tony Fernandes, with AirAsia Aviation Group Ltd chairman Tan Sri Jamaludin Ibrahim at a media briefing announcing its five year plan.ended months of speculation swirling around Tan Sri Tony Fernandes’ continuity as its head honcho after announcing that it is extending his tenure as the chief executive officer for five more years, and appointed him as an airline business adviser.

The divisions are teleport, move digital, Capital A aviation services group and Capital A international. “We also need to keep the link between Capital A and AirAsia Group, which is a large part of my job,” Fernandes added. AirAsia Aviation Group is the holding company under Capital A for its group of airlines and airline investments portfolio companies.

Commenting on reports of its bid to purchase SriLankan Airlines, Fernandes clarified that its consulting arm AirAsia Consulting Sdn Bhd parked under Aviation Services division, would raise its own funds for the acquisition if its bid is successful. Meanwhile, AirAsia Consulting chief executive officer Subashini Silvadas said the company has registered its interest in the acquisition of Sri Lanka’s national carrier but has yet to submit a price bid as it has not gone into the due diligence process.“Yes, we are involved in the bidding process. We have submitted our request for quote on April 22. The intention is for us to be selected. If we are selected, we will go ahead with the due diligence process. This is really the initial stage.

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