AirAsia Berhad, parent company of AirAsia Philippines, has been named the “Best Managed Company in Asia for the Airlines and Aviation sector” by leading international magazine, Euromoney, for the second consecutive year.
“It is great to be voted best managed company as it typifies our strength in ensuring cost is lowered, and at the same time, finding innovative ways to increase revenues,” said Tony Fernandes, AirAsia’s Group CEO. “Our focus is really to ensure that analyst and investors fully understand the strength of the company in overcoming challenges by being innovative and cost disciplined in our business.”
Companies are ranked by analysts on a number of factors such as accounting transparency, corporate governance procedures, and management accessibility. AirAsia was praised most recently for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility.” Analysts added that “AirAsia senior management continues to demonstrate prudent gearing, transparency, good governance and clear articulation of strategy.”
Click here to read more.