AirAsia co-founder Tony Fernandes on Sept. 18 said he is taking “the first step of stepping back” and will step down from “all board positions, except [the boards of] AirAsia Group and AirAsia X.” Fernandes clarified he will continue as CEO of AirAsia Group and airasia.com. Making the announcement via social media Sept. 18, Fernandes said the move would allow new generations of leaders to “move into the forefront,” but did not give a specific time line ...

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