Malaysia’s AirAsia said on Monday it had appointed Aireen Omar to head its local operations as the founder of Asia’s largest budget carrier Tony Fernandes moves to Indonesia to oversee its regional expansion plans.
Prior to the appointment, Aireen was AirAsia’s regional head of corporate finance and treasury. She will assume her new post on July 1 and report directly to Fernandes, now CEO for the AirAsia group, who confirmed he was moving to Jakarta.
“During the credit crisis, Aireen kept AirAsia ahead of the curve,” AirAsia co-founder Kamarudin Meranun told reporters at the budget carrier’s headquarters at Kuala Lumpur Airport in Sepang.
“While other companies fell into trouble securing any financing at all, Aireen was able to lock up financing at very competitive rates for two years for the purchase of aircraft for AirAsia.”