Bangkok--15 Jan--AirAsia
Leading international magazine Euromoney has today named AirAsia Berhad as winner of the overall best managed company in Malaysia as well as the best managed company in Asia in the Airlines/Aviation sector for the Euromoney ‘Best Managed and Governed Companies - Asia poll 2013’. The poll is based on replies received from a total of 130 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 207 different companies. Analysts were asked to name which companies were the most impressive across a number of factors including; management accessibility, accounting transparency and corporate governance procedures amongst others.
Analysts praised AirAsia for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”. Analysts also noted that “AirAsia senior management is open to all questions and requests from investors and analysts regarding the company’s performance and external relations are properly maintained.”
Tan Sri Tony Fernandes, Group Chief Executive Officer of AirAsia stated that, “We are very proud of the acknowledgement that Euromoney has given us. This is a conscious effort by the management to ensure the company is committed in ensuring investors and stakeholders confidence are maintained through transparency and good governance. We have always believed we have a strong investment case and will continue to push the barriers by gaining further access to a wider investor base.”
This is the 14th annual ranking of the Best Managed and Governed Companies in Asia that Euromoney has published and is seen as the benchmark survey of the opinions of equity analysts in the region.
Clive Horwood, Editor of Euromoney Magazine, said: “Asia’s best-managed companies are taking advantage of their country’s world-beating growth rates to focus on integration and expansion, while peers from other parts of the world are distracted by the tough global environment. The results of this year’s poll show that analysts are still rewarding prudent gearing, transparency, good governance and clear articulation of strategy.”
Subscribers to Euromoney can access all of the rankings online at www.euromoney.com.
About Euromoney Magazine
Euromoney Magazine is the flagship title of London based financial communications company Euromoney Institutional Investor PLC. Founded in 1969 by Sir Patrick Sergeant, Euromoney Magazine is the voice of the international capital markets and for 43 years has offered unparalleled coverage of the global bond, equity and foreign exchange markets Euromoney Institutional Investor PLC is a constituent of the FTSE-250 index and is listed on the London and Luxembourg Stock Exchanges.
About the AirAsia Group
AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with 85 destinations. Within 11 years of operations, AirAsia has carried over 180 million guests and grown its fleet from just two aircraft to approximately 117. The airline today is proud to be a truly ASEAN (Association of Southeast Asian Nations) airline with established operations based in Malaysia, Indonesia, Thailand, Japan and the Philippines servicing a network stretching across all ASEAN countries, China, India, Sri Lanka and Australia. AirAsia was named the World’s Best Low Cost Airline in the annual World Airline Survey by Skytrax for four consecutive years in 2009, 2010, 2011, 2012.
For more information, contact AirAsia Communications:
Krittiyawadee Pongpanich
[email protected]
Nuttawut Jitardharn
[email protected]
Piyasuda Archasantisuk
[email protected]