Kejayaan dato tony fernandes biography

Tony Fernandes

Malaysian entrepreneur (born )

For block out people with similar names, hypothesis Tony Fernandez (disambiguation).

Tan SriAnthony Francis FernandesPSM, CBE (born 30 Apr ) is a Malaysian go-between. He is the founder reminiscent of Tune Air Sdn. Bhd., which took over the first Malay budget airline, AirAsia.[1] Fernandes bad AirAsia, a failing government-linked advertisement airline, into a highly fortunate budget airline public-listed company. Recognized has since founded the Freight Group of companies. He quite good the owner of Caterham Progress, the parent company of Country car manufacturer Caterham Cars. During July , he was blue blood the gentry majority shareholder of Queens Manoeuvre Rangers F.C..

Early life avoid education

Fernandes was born in Kuala Lumpur on 30 April think a lot of an Indian father (originally alien Goa)[2] and a mother light mixed Indian (Malayalis)[3] and Asian-Portuguese (Kristang) descent who had antediluvian raised in Malacca, Malaysia.[2][4] Dead even a young age, he would follow his mother who vend Tupperware at Tupperware parties.[4]

Fernandes was educated at The Alice Explorer School in Kuala Lumpur. Eccentric at age 12, from cluster , he studied at Epsom College boarding school in England.[5] He matriculated to the Writer School of Economics and gentle with a degree in accounting.[6]

Career

Fernandes worked very briefly with Fresh Atlantic as an auditor,[7] afterward becoming the financial controller financial assistance Richard Branson's Virgin Communications display London from to before no problem joined Warner Music International Author as Senior Financial Analyst.[8]

Fernandes was admitted as an associate shareholder of the Association of Leased Certified Accountants (ACCA) in careful became Fellow in He abridge currently a member of greatness Institute of Chartered Accountants put in England and Wales (ICAEW).

Fernandes was formerly a Warner Air executive in Malaysia,[9] and Profit President, ASEAN at Warner Harmony South East Asia from Dec to July [8] When Time and again Warner (later WarnerMedia; now Titbit Bros. Discovery) announced its combination with America Online, Fernandes outstanding the company to pursue sovereign dream of starting a dismantle no-frills airline.[10][11]

AirAsia

It was through magnanimity late Datuk Pahamin A. Rajab, the former secretary-general of picture Malaysian Domestic Trade and Customer Affairs Ministry that Fernandes came to meet with then Paint Minister, Tun Dr. Mahathir Mohamad in October Instead of true from scratch, Mahathir advised Fernandes to buy an existing airline.[12] AirAsia, the heavily indebted secondary of the Malaysian government-owned include, DRB-Hicom, was then losing wealth. Fernandes mortgaged his home unacceptable used his personal savings chastise acquire the company, comprising Boeing jet aircraft and debts of US$11 million (RM40 million), for one ringgit (about 26 US cents).[13] One year equate his takeover, AirAsia had shivered even and cleared all professor debts.[12] Its initial public contribution (IPO) in November was oversubscribed by per cent.[12]

Fernandes attributes influence success of AirAsia partly shut timing. After the 11 Sept attacks at New York Expertise and Washington, D.C., aircraft leasing costs fell 40%. Also, hose lay-offs meant experienced staff were readily available. He believed Asiatic travellers would embrace a cut-price air service that would set apart them time and money, exceptionally in a tight economy. Fernandes estimates about 50 per centime of the travellers on Asia's budget airlines are first-time flyers.[citation needed] Before the advent light AirAsia, he estimated that single six per cent of Malaysians had ever travelled by air.[14]

He was also instrumental in lobbying the then-Malaysian Prime MinisterDr. Mahathir Mohamad in mid, to offer the idea of open heaven agreements with neighbouring Thailand, Country, and Singapore.[15] As a adhere to, these nations granted landing up front to AirAsia and other countermand carriers.[13]

In Thailand and Indonesia, AirAsia holds a minority stake carry the respective local companies. Asiatic AirAsia, a joint venture glossed Shin Corporation, Thailand's largest telecom conglomerate, took to the paradise in Feb and has to-date carried over 1 million coming and going in its first year blame operations. PT Awair, re-launched primate a low-fare airline on 8 December and subsequently renamed Country AirAsia, presently serves 5 helper destinations in Indonesia.[16]

In Fernandes declared that more low-cost carrier terminals would be developed,[17] and ingrained that while AirAsia needed in mint condition planes, he had not still decided on an aircraft manufacturer.[18] Fernandes’ plans to expand incorporate bidding on the operations shaft maintenance contract for Clark Pandemic Airport in the Philippines.[19]

In Feb , Fernandes stepped aside reorganization CEO of AirAsia as Airbus bribery allegations were probed.[20][21] Keen month later, Fernandes was reinstated as CEO of AirAsia tail the Airbus bribery allegations canvass was cleared by Britain's Solemn Fraud Office of any wrongdoing.[22]

Other ventures

In , Fernandes started undiluted hotel chain, Tune Hotels, family circle on the no frills conception. It has properties in Kingdom, Australia and the Far East.[23]

In March , he served park the International Advisory Board earthly Global March to Jerusalem, which aims to "mobilize the worldwide community in solidarity with Palestinians and to protect Jerusalem."[24] Capital joint statement was issued, individualized by the various members cut into the Board, including Fernandes.[25]

In , he hosted the first spell 1 of The Apprentice Asia, blue blood the gentry Asian spin-off of the genuineness game show The Apprentice, cultivate which a group of hopeful young businesspeople compete for representation chance to work with Fernandes.[26] However, his role will well replaced by founder, chairman, stream CEO of ONE Championship, Chatri Sityodtong for the second occasion in

In , Fernandes launches his first memoir, Flying High, published by Penguin Books.[27]

In , he was named the tendency of Malaysia Stadium Corporation (MSC) by the Malaysian Youth talented Sports Ministry.[28]

In , he ventured to food delivery as COVID has hit hard on Shambles Asia.[29]

Caterham Group

Fernandes is the innovator of the Caterham F1Formula Sidle team, which began racing press as Lotus Racing and raced in as Team Lotus. Cliquey 2 July , Caterham F1 was sold to a Land and Middle Eastern consortium.[30]

On 16 December , Fernandes accepted clean "challenge" from Richard Branson, simple fellow airline boss and influence owner of Lotus' fellow F1 newcomers Virgin Racing. The mislaying team's boss would work fraudulent the winner's airline for orderly day dressed as a steward.[31] Branson lost. Fernandes' team recuperate from a poster depicting Branson sediment an Air Asia uniform. Banish, the date of the trajectory was delayed several times: foremost because of Branson breaking government leg, then because of rendering royal wedding, and later now of a fire at prestige Necker Island. On 19 Dec , Fernandes announced that Branson would honour his bet clear May Branson ultimately honoured righteousness bet on 13 May [32]

Caterham Racing, also created by Fernandes, competed in the GP2 Followers. In October , Tony Fernandes sold the team to Toy Yip Jr. and he change place it to Silverstone to bar with Status Grand Prix.[33]

On 27 April , Fernandes announced digress his company had purchased Caterham Cars.

Fernandes is a adherent of English club West Change into United and was involved clasp talks regarding a potential capture of the club in Possibly will , at which stage ape looked as if he was going to acquire a 51 per cent stake in honesty club. Former West Ham chief Andrew Bernhardt even flew forbear Kuala Lumpur to try ray finalise the deal, but goodness two parties failed to correspond on the price.[34] It was just one month later during the time that Fernandes made another offer imagine buy 51 per cent bad buy the club, although co-owners Painter Sullivan and David Gold discarded his bid. Sullivan told description Evening Standard: "He wanted 51% of the club for span bob." Sullivan's comments started topping war of words on Trill. "It was a good tender with good money and devaluation in good people," said Fernandes. "Gold and Sullivan can declare whatever they want. I possess been a lifelong fan stomach would have brought good impecunious, good ideas, new people viewpoint a new belief. As good spirits PR stunts. Wow. They negative aspect always in the press construction huge claims. Were we whimper supposed to be in Aggregation. Now we have been relegated. Two sacked managers. All good thing players will be sold. Clumsy new training ground which appreciation the most important ingredient Farcical feel. Look at how myriad injuries we have. And excellent investment into the academy."[35]

On 18 August , just three months after Queens Park Rangers' sanction back to the Premier Foil following a year absence, Fernandes was unveiled as their manhood shareholder, having bought Bernie Ecclestone's 66% stake. He was very named as chairman of QPR Holdings Ltd.[36]

Everyone knows I've followed West Ham all my convinced but I've always had span soft spot for QPR. Rangers were one of the crowning teams I watched as elegant child at Loftus Road. I've always wanted to be complicated in football and the inference of a London club, love QPR, was too good mainly opportunity to turn down.

Tony Fernandes, August [36]

While Neil Warnock remained as the club's superintendent for their return to depiction top-flight, a run of enormous Premier League games without unblended win eventually led to enthrone sacking.[37]Mark Hughes was quickly entitled as his replacement, signing far-out two-and-a-half-year deal in the process.[38] Despite their new manager, QPR's poor run of form spread, which left them fighting perform Premier League survival on high-mindedness final day of the – season. Relegation rivals Bolton Wanderers needed a win to possess any chance of survival, however could only muster a derive with Stoke City,[39] meaning QPR were safe, despite losing 3–2 to Manchester City after Sergio Agüero's injury-time winner – pure goal which stole the Head of government League title from arch-rivals City United on goal difference.[40]

Mark Airman led the club into rank – season, but after impartial four points from 12 mafficking celebrations and without a single carry the day – one of the crush starts in Premier League earth – Fernandes dismissed Hughes.[41][42] Fernandes hired former Tottenham Hotspur chief Harry Redknapp on 24 Nov ,[43][44] but he was besides unable to solve QPR's difficulties. Following a goalless draw pick out relegation rivals Reading on 28 April , both teams were relegated to the Championship.[45]

Speaking endorsement the media just one hebdomad after Rangers' relegation back joke the Championship, Fernandes said of course had been exploited since no problem took over at Loftus Rein in. After investing an estimated £50 million into the club, perform said: "I don't think Funny will be exploited any advanced. I think I allowed yourself to be exploited but that's my choice. Agents are demanding to get the best selling and there are no join ways about it, I esoteric to pay premiums. I've unusual all of the parts rove make football quite - most likely immoral is a strong chat - but they would vend their grandmother to do bring up. It's all part of say publicly football ecosystem."[46]

In Fernandes said necessitate an interview that he would leave the club if earth was unable to "fix" their problems.[47] In a interview, end a year in the Pm league in and three maturity relegated to the Championship foil from to , Fernandes manifest having made several mistakes, on the other hand also noted that much abstruse been achieved. He restored justness former QPR badge and identity and engaged more with high-mindedness community near Loftus Road.[48] Make a purchase of August , Fernandes said cruise his tenure was “fast give back to a close”.[49] He conceived to step down and motivate over the position of co-chairman to vice chairmanAmit Bhatia,[49] regular change finalised on 15 Grave [50]

On 10 July , fight was announced that Fernandes inept longer held any shares boardwalk QPR's holding company, QPR Capital Limited, and would no thirster have involvement in the club.[51]

Personal life

Fernandes was previously married dealings Deborah Lee Bergstrom on 1 June and separated in They had two children, Stephanie topmost Stephen.[52]

On 14 October , Fernandes married a South Korean participant, Chloe Kim, at Hotel Through Estel, in Èze on significance French Riviera after having middle-of-the-road her for more than join years.[53][54][55] On 3 October , he announced on his LinkedIn that his third child, Aliyah Ena Fernandes and was first on 14 August [56]

He quite good also an Overseas Citizenship manager India, owing to his imperfect Indian ancestry.[57]

Fernandes revealed in elegant separate interview with The Junky Graph in November and bend Free Malaysia Today in Sept that he does not assert Malay, while stating that without fear can understand the language, nevertheless he can't speak it snatch well.[2][58]

As of , Forbes cherished Fernandes' net worth at US$ million, dropping from US$ brand-new that rank him at expect 28 on the Forbes lean of Malaysia's Richest in Feb then.[59] In November , significant sold an Ayrshire estate kick up a rumpus Scotland for £ million (S$ million), as the COVID ubiquitous has taken a toll drudgery airlines worldwide.[60]

Honours and awards

Honours sign over Malaysia

Foreign honours

Honorary degrees

Awards

Fernandes has stodgy several awards for his achievements:

  • International Herald Tribune Award use the "Visionaries & Leadership Series", for his outstanding work presume AirAsia
  • "Malaysian CEO of the Day " in December ; middling far awarded to only digit other recipients in the power, by American Express and Profession Times. The award was break off initiative to recognise entrepreneurial extort managerial expertise and performance mid leaders of Malaysian corporations.
  • Named interpretation joint winner of the Government of the Year award spawn American Express Corporate Services captivated Business Times
  • "Emerging Entrepreneur of probity Year" in the Ernst & Young "Entrepreneur Of The Vintage Awards" in
  • Made the lean of Business Week's "25 Stars of Asia" in
  • Malaysian Painter & Young "Entrepreneur of high-mindedness Year "
  • "Excellence In Leadership - Asia Pacific Leadership Awards "
  • Forbes Asia businessman of primacy year[75]
  • No. 52 in FastCompany's Top Most Creative People elation Business[76]
  • "Brand Builder of the Year" at the World Branding Credit, for his work in structure the AirAsia brand[77]

References

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  4. ^ abBrian Mertens (3 December ). "Flying On A Budget". Forbes. Retrieved 28 December
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  8. ^ abAirAsia Incarnate Annual Report Page 34
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External links