Tony Fernandes Biography

A businessman from Malaysia named Tony Fernandes. He established Tune Air Sdn. Bhd., who used the slogan "Now everyone can fly" to introduce Malaysians to the first low-cost, no-frills airline, AirAsia. Fernandes was able to transform the failed government-affiliated commercial airline AirAsia into a very profitable low-cost airline that is publicly traded. Since then, he has established the Tune Group of businesses. In mid-2003, he actively lobbied Malaysia's then-Prime Minister Tun Dr. Mahathir Mohamad to suggest the notion of open skies agreements with Singapore's neighbors Thailand, Indonesia, and Malaysia. He is also the club's biggest stakeholder. These countries have given AirAsia and other low-cost airlines landing privileges as a result. As of February 2014, Forbes Asia estimated Fernandes' net worth to be $650 million, placing him at number 28 on the Forbes list of Malaysia's Richest.

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