AirAsia was a company originally owned by Malaysian government which was later bought by Anthony Francis Fernandes that commonly known as Tony Fernandes. On September 2011, Fernandes bought this airline for one ringgit. It is an airline that only owned two ageing Boeing 737 jets, 200 employees and 40 million ringgit in debt. Fernandes who was a former music executive successfully turn the company around. After a year operating, the company broke even then turned it into a profitable airline within two years (The story of Tony Fernandes and AirAsia, 2013).
Fernendes reformed this highly indebted airline by introducing short haul low cost carrier. The first and main base of AirAsia is the Low Cost Carrier Terminal (LCCT) at Kuala Lumpur International Airport, while its secondary hubs are at Kota Kinabalu International Airport, Senai International Airport and Penang International Airport. It continues to pave the way for low-cost aviation for international flights and successfully launched the first international flight to Bangkok.
In 2007, AirAsia X was established focusing on the low-cost, long-haul segment. Establishing this sister company is to provide high-frequency and point-to-point networks to the long-haul business. AirAsia X’s cost efficiencies are derived from maintaining a simple aircraft fleet and a route network based on low-cost airports, without complex code-sharing and other legacy overheads that weigh down traditional airlines without compromising on safety.. AirAsia X’s efficient and reliable operations are fully licensed and monitored by Malaysian and