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Air Asia Company Profile

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Air Asia Company Profile
Air Asia Berhad Background
Founded : 1993
Hubs : Kuala Lumpur International Airport
Secondary hubs: * Kota Kinabalu International Airport * Senai International Airport * Penang International Airport
Subsidiaries:
* Thai AirAsia * Indonesia AirAsia * VietJet AirAsia * AirAsia RedTix

Fleet size : 103 (+ 121 orders)
Destinations : 70 in 19 countries
Company slogan : Now Everyone Can Fly
Parent company : Tune Group

Headquarters Registered office : Petaling Jaya, Selangor

Head office : Kuala Lumpur International Airport Sepang, Selangor

Key people : Tony Fernandes (CEO) Azran Osman Rani
Revenue ▲ RM 2.635 billion (2008)
Operating income ▼ RM -416 million (2008)
Net income ▼ RM -497 million (2008)
Total assets ▲ RM 9.521 billion (2008)
Total equity ▼ RM 1.606 billion (2008)

AirAsia Berhad is a Malaysian low-cost airline. It operates scheduled domestic and international flights and is Asia's largest low-fare, no-frills airline. AirAsia is a pioneer of low-cost flights in Asia and was also the first airline in the region to implement fully ticketless travel. Its main base is the Low-Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport (KLIA).
In 2010 AirAsia won the Skytrax World's best low-cost airline award.
Air Asia budget with no-frills airline is introduced by Tony Fernandes with the tagline “Now everybody can fly” and the man himself is also the founder of Tune Group.
No fuel surcharge and no admin fee. However, ticket fare and airport tax need to be paid.

Establishment
Established in 1993 and commenced operations on 18 November 1996. It was originally founded by a government-owned conglomerate DRB-Hicom. On 2 December 2001, the heavily-indebted airline was purchased by former South East Asian regional vice-president Warner Music Group Tony Fernandes's company Tune Air Sdn Bhd for one ringgit. This was after great deliberation as the initial offer was fifty sen.
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