AirAsia named Best Managed Airline in Asia
Thursday 16, January 2014
AirAsia Berhad, parent company of AirAsia Philippines, has been named the Best Managed Company in Asia for the Airlines and Aviation sector 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."
The award is part of Euromoney's annual "Best Managed and Governed Companies - Asia Poll." AirAsia won the same award in 2013 for the airline's focus on integration and expansion as well as excellent corporate foresight of the aviation industry. The poll is based on the results of surveys submitted to 93 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region covering nominations of 214 different companies.
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."
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