TABLE OF CONTENTS INTRODUCTION This report is about new management accounting techniques that AirAsia can apply in their organisation to enable them to sustain its competitive advantage as Asia’s leading low cost carrier (LCC). In this report‚ it’s also stated types of new management accounting technique and the important of these techniques. Besides‚ this report also explain in detailed about balanced scorecard for example‚ the definition‚ person that responsible in introduce this techniques
Premium Strategic management Low-cost carrier Marketing
- Who is Tony Fernandes? Malaysian entrepreneur and the founder of Tune Air Sdn.Bhd. Introduced the first budget no frills airline‚ AirAsia‚ to Malaysians with the tagline “Now everyone can fly” Why we chose him? Flying to over 65 destinations in more than 20 different countries. Their revenues have tripled since 2007 taking in 3‚948 million Malaysian Ringgit in 2010. Built a work force and corporate structure that would reflect his own personality Leadership
Free Kuala Lumpur Malaysia Malaysia Airlines
operation on 18 November 1996‚ AirAsia is a low cost carrier (LCC) airline in the aviation industry. On 2 December 2001‚ the heavily-indebted government-linked commercial airline was bought over by the current Chief Executive Officer (CEO) of AirAsia‚ Tony Fernandes. From then‚ AirAsia cleared its former debts which worthed USD 11 million and became a profit-making low cost carrier. The main hub of AirAsia is in Kuala Lumpur‚ namely the Low Cost Carrier Terminal (LCCT). In 2003‚ AirAsia launched its second
Premium Leadership Low-cost carrier
hubs are in Kuala Lumpur International Airport 2. AirAsia is very first budget or low cost carrier (LCC). It is co-founded in Malaysia by two prominent entrepreneurs‚ Mr. Tony Fernandes and Mr. Kamaruddin Meranun‚ which have spotted business opportunity arising from the inexistence of the much needed affordable air travel service in Asia. Mr. Fernandes and Mr. Meranun acquired the then loss-making full carrier AirAsia in 2001 from a government-owned company and transformed it into a profitable LCC.
Premium Low-cost carrier Marketing Airline
Introduction AirAsia originally was founded by government and on 2 December 2001 was bought byTonyFernandes. AirAsia was established in year 1993. AirAsia has travel around the earthandascend to become the world’s best in year 2001. AirAsia continues to spread out the way for low-cost aviation through the innovation‚ efficient and passionate approach to businesswith a route a network that extent through over 20 countries. There are some companieswhich link withAirAsia such as AirAsia X‚ Thai AirAsia
Premium Airline Low-cost carrier Southwest Airlines
Task 1 We would like to write up about Tan Sri Anthony Francis Fernandes also known as Tony Fernandes which he was born in 30th of April in 1964 in Kuala Lumpur. He had graduated in accountancy from the London School of Economics in 1987 and started working as Financial Controller at Virgin Communications London for two years‚ Senior Financial Analyst at Warner Music International London for three years‚ and returns to Malaysia and became the youngest Managing Director of Warner Director at Warner
Premium Airline Low-cost carrier
commenced operations on 18 November 1996‚ AirAsir 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. 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
Premium Tony Fernandes Organizational culture Edgar Schein
carrier was obtained by Tony Fernandes‚ proprietor of Tune Air Sdn Bhd for the token whole of RM1 (Jusmpstart Malaysia‚ 2011). As a feature of the buy‚ Tony likewise took up the RM40million obligation. In any case‚ under the initiative of Tony Fernandes‚ today‚ Air Asia is a world renowned ease carrier that works broad systems both locally and globally. Air Asia is set to take minimal effort travelling to an all new high through their rationality of ’Now Everyone Can Fly’ (Fernandes‚ 2004). Their vision
Premium Airline Tony Fernandes Low-cost carrier
Abstract. Introduction – Air Asia Berhad Air Asia is a Malaysia Low Cost Carrier Airline Company which was founded in 2001 by Tony Fernandes. It was the first successful and is one of the largest low cost airlines in Southeast Asia. Also‚ it has become Malaysia first international low cost carrier. Air Asia Company’s simple philosophy ‘Now Everyone Can Fly’ has successfully positioned itself in customers’ mind where majority of the customer would choose Air Asia as their choice of transport
Premium Airline
fares. Their mission is to attain the lowest cost so that everyone can fly with Air Asia and to create a globally recognized ASEAN brand. In the meantime‚ I also get to know more about Tan Sri Dr. Tony Fernandes. He is the Group Chief Executive Director of Air Asia since December 2001. Fernandes mortgaged his home and used his personal savings to acquire the company‚ comprising two ageing
Premium Subang Jaya Low-cost carrier