AirAsia's Fernandes Refutes Financial Concerns, Points to New Growth Plans AirAsia, once a darling of budget airlines, has been struggling to stay afloat amidst soaring fuel prices and geopolitical uncertainty.
Tony Fernandes, the airline's co founder, insists that AirAsia is "sustainable" despite mounting financial concerns.
At a recent media briefing, Fernandes pointed to new growth plans, including a tie up with Airbus, as evidence that the airline is turning things around. However, these claims are not entirely convincing.