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Introduction of Airasia

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Introduction of Air Asia
AirAsia is Asia’s largest no-frill and hassle-free airline which based on the low cost carrier (LCC) concept in Malaysia. Dato’ Sri Dr. Tony Fernandes introduced this low cost concept with his believe of “Now Everyone Can Fly”. In year of 1993, AirAsia was established and started its operations on 18 November 1996. Mr. Tony Fernandes’s company Tune Air Sdn Bhd purchased this heavily in debt airline which was originally founded by a government-owned conglomerate DRB-Hicom for the price of RM1 in the year of 2001. Dato’ Sri Dr. Tony Fernandes also took up the RM40 million debts as part of the purchase. Dato’ Sri Dr. Tony Fernandes and his group settled the airline's debts quickly and started to focus on rebranding and relaunching AirAsia as a low-fare carrier. Before this airline company purchased by Mr. Tony Fernandes, there were only 2 aircrafts of Boeing 737-300s flying to 6 routes in Malaysia in January 2002. However, since 2002 AirAsia had been gaining profits and able to launch new routes in a lightning speed to many destinations at a possible promotional low price of US $1 under the leadership of Tony Fernandes. AirAsia was employing more than 8,000 staff and with a market capitalisation of just over RM7.06 billion as at 31 December 2010. It is the only Truly ASEAN airline serving the region 600 million populations from 10 hubs in three countries - Kuala Lumpur, Kuching, Penang and Kota Kinabalu in Malaysia, Bangkok and Phuket in Thailand, and Jakarta, Bali, Bandung and Surabaya in Indonesia.
AirAsia head office is at Kuala Lumpur International Airport (KLIA) while its main hub is the KLIA2. Nowadays AirAsia has flown over 100 domestic and international destinations spanning 22 countries with 132 routes. Over 300 domestic and international flights daily from six hubs located at KLIA2, Johor Bahru, Kota Kinabalu, Kuching, Bangkok

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