People On The MoveAfter brief stint as acting CEO, the prominent airline chief makes a quick X-it.

In and out: Tony Fernandes steps down from AirAsiaX

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Tony Fernandes is leaving to pursue ‘other commitments’
Tony Fernandes is leaving to pursue ‘other commitments’

In a surprise move, Tony Fernandes has resigned as the acting group chief executive of low-cost carrier AirAsiaX “with immediate effect”, less than four months after he was appointed to the role.

His resignation was “due to other commitments”, according to the airline’s filing to the Kuala Lumpur exchange.

Fernandes stepped into the role in July following the resignation of the company's previous chief executive, Nadda Buranasiri.

Fernandes, 58, remains chief executive of Capital A, an affiliate of AirAsia X that oversees operations of budget carrier AirAsia and other entities.

AirAsia X said Mahmood Fawzy, its chairman, would oversee the airline’s strategic direction in addition to taking on a role of director at its Thai associate airline, Thai AirAsia X.

Fernandes said he is leaving AirAsiaX in good shape. “I went in with a clear mandate to restart AirAsiaX and bring it back to life from hibernation. I am happy that this has been accomplished with a very edifying plan for 20 aircraft for the AAX Group — 13 aircraft for AAX and seven for Thai AAX,” he added.

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