BUSINESS

Reborn in the cloud

Asia focus, Erich Parpart, Published on 26/11/2018

» Back in December 2001, AirAsia was a debt-ridden business with just two planes in its fleet when Tony Fernandes bought it for one million ringgit (US$240,000 at today's rates). Seventeen years later, it is one of the leading low-cost carriers in the world.