CEO Fernandes unfazed by AirAsia's 'financially distressed' label
AirAsia Group changes name to Capital A to reflect its growing portfolio of companies
Kuala Lumpur
EVEN though Capital A - the company formerly known as AirAsia Group - has been classified by Malaysia's stock exchange as financially distressed, its chief executive Tony Fernandes maintains there is no effect on the group going forward.
Earlier this month, Bursa Malaysia Securities branded the company a "Practice Note 17", or PN17, even though Capital A has been busy raising funds to boost its balance sheet.
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