TONY FERNANDES the ebullient entrepreneur behind Asia’s number-one budget airline, is on the verge of taking a big stake in Malaysia’s struggling flag carrier. AirAsia sponsors motorsports - Williams F1 and MotoGP; basketball – Philippines Patriots and ASEAN League, and has previously been linked to Manchester United showing the audacious business style of Fernandes. The bid for Malaysian Airline Systems comes through his privately held investment vehicle and would not give Fernandes overall control. However he would have considerable influence over route choices at the airline which competes against AirAsia in a number of international markets.
You need to be a SportBusiness Sponsorship subscriber to view this content
Talk to our team of experts to learn more about the benefits of subscribing
Already have an account? Sign in here