AirAsia CEO says no plans to buy Malaysia Airlines

Budget carrier earmarks $25m a year for tech investments to 'disrupt disrupters'

20190327 Tony Fernandes

AirAsia CEO Tony Fernandes. (Photo by Tsuyoshi Tamehiro)

JUSTINA LEE, Nikkei staff writer

SINGAPORE -- AirAsia CEO Tony Fernandes says the pioneering low-cost carrier has no plans to buy ailing Malaysia Airlines but instead wants to invest toward transforming itself into a "travel technology company."

"For low-cost carriers to go full service ... is a mistake," Fernandes told the Nikkei Asian Review in an interview here on Wednesday, when asked about Malaysia Airlines.

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