TONY FERNANDES

  • QPR owner Tony Fernandes to stand by Harry Redknapp October 28, 2014

    Loyalty and football are two words that do not often go together, but after watching his side climb off the bottom of the Premier League table with victory over Aston Villa, Queens Park Rangers owner Tony Fernandes is standing by manager Harry Redknapp. Redknapp has come under pressure after his side...
  • Caterham F1 factory closed, team's fate in the balance October 23, 2014

    London: Caterham Formula One employees found their factory closed on Thursday but a legal administrator overseeing the property held out hope that the struggling team might still survive. Finbarr O'Connell told Reuters various parties had approached him to express interest either in the assets or keeping Caterham racing as an F1...
  • QPR chairman rebukes Harry Redknapp and Adel Taarabt over row October 22, 2014

    Queens Park Rangers chairman Tony Fernandes has apologised to supporters and rebuked the Premier League club's manager Harry Redknapp and striker Adel Taarabt for their public spat over the player's fitness. In a statement on the club's website, Fernandes called a halt to a row that has escalated since Sunday. "We regret...
  • Speculation swirls around Tony Fernandes' Caterham team June 28, 2014

    Caterham owner Tony Fernandes triggered speculation about the future of his tailend Formula One outfit on Friday after declaring "F1 hasn't worked" on Twitter before closing his account. The team have not scored a point in various guises since entering the sport in 2010 and the Malaysian said in January that...
  • Caterham not for sale, says Tony Fernandes May 28, 2014

    Caterham owner Tony Fernandes denied on Tuesday that his group of companies, which includes the struggling Formula One team, was up for sale but said it was seeking new investment. Reports in Malaysia at the weekend had said the AirAsia budget airline boss was seeking to sell the Britishbased team and...
  • Budget carrier AirAsia plans flights in India soon May 23, 2014

    Manila: Asia's leading budget carrier, AirAsia, is hoping to begin operations in India in two to three months, the airline's CEO said on Friday. The carrier this month won court approval to operate in India after delays because of domestic airlines' opposition. AirAsia India will begin flying with two planes, Tony...
  • AirAsia promises low fares in India; expects launch in MarchApril January 23, 2014

    Davos: Hopeful of launching flights in India in next two to three months, AirAsia chief Tony Fernandes has said that the airline would introduce 'dramatically' low fares in the country, which would be cheapest in the market and take air travel to masses. Fernandes, who is in Davos for World...
  • SC to hear Subramanian Swamys plea challenging AirAsia deal today August 16, 2013

    New Delhi: The Supreme Court will hear the PIL filed by Janta Party President Subramanian Swamy challenging the Air Asia deal on Friday. The PIL was filed after the Finance Ministry granted approval to the Malaysian airline to launch operations in India. Claiming it to be a fraudulent deal, Swamy...
  • AirAsia: The Tony Fernandes and Mittu Chandilya show July 22, 2013

    Tony Fernandes and Mittu Chandilya are as different as chalk and cheese. Gregarious, irreverent Fernandes, who's promised to paint the Indian skies in the red hues of his AirAsia airline once he gets a permit to fly domestic routes later this year, is a journalist's delight, full of quotable and...
  • AirAsia hits back at Swamy for calling the deal 'fraudulent' July 3, 2013

    New Delhi: AirAsia CEO Tony Fernandes has hit back at Janata Party chief Subramanian Swamy for calling his company's deal with the Tata group for a new airline "fraudulent". Responding to Swamy's allegation, Fernandes said that the Indian aviation industry is missing great opportunities due to vested interests. "I don't want...
  • AirAsia to start India operations later in 2013 June 29, 2013

    Chennai: Malaysian lowcost carrier AirAsia on Saturday said its Indian operations should begin later in 2013 with flights for southern region and the company would also look at setting up some ancillary businesses in the country. "We are hopeful of starting Indian operations later this year with three aircraft serving...
  • Redknapp to stay as QPR manager despite relegation April 29, 2013

    London: Harry Redknapp will remain as manager of Queens Park Rangers despite the club's relegation from the Premier League. QPR owner Tony Fernandes held talks with Redknapp on Monday and says "I don't think there was any point where he was thinking of not being with us and continuing this...
  • AirAsia India has appointed CEO: Tony Fernandes April 21, 2013

    Mumbai: Low cost carrier AirAsia on Sunday said that the AirAsia India board has approved and appointed a Chief Executive Officer for the Indian subsidiary. Earlier, an airlines spokesperson had said that the airline had not yet appointed a CEO for AirAsia India. "The board of Airasia India has approved and...
  • AirAsia incorporates Indian venture March 31, 2013

    New Delhi: Gearing up to launch services in partnership with Tatas, Malaysian lowcost carrier AirAsia has incorporated a company in India with the filing of all requisite documents with the Ministry of Corporate Affairs. The venture, AirAsia (India) Pvt Ltd, was incorporated as an "Indian nongovernment company" with its registered...
  • Will AirAsia disrupt Indian aviation? March 13, 2013

    Any foreign investor entering the Indian civil aviation market will know the unwritten rule before making any public announcement of his intent: Always seek the blessings of the ministry beforehand. Jet Airways chairman Naresh Goyal and Etihad CEO James Hogan, both well-versed in the workings of the Indian system, did...
  • Bottom club QPR's debt soars to 89 million pounds March 7, 2013

    London: Queens Park Rangers' debts have increased to almost 89 million pounds, according to the latest financial results published for the Premier League's bottom club. The accounts, which cover the 2011-12 season and do not include the last two transfer windows when QPR invested heavily on new players, show debts...
  • AirAsia's proposal to set up airline with Tata gets approval March 6, 2013

    New Delhi: The Foreign Investment Promotion Board on Wednesday approved AirAsia's proposal to set up an airline jointly with the Tata group, a Finance Ministry official said. Malaysia's AirAsia, the largest budget carrier in Asia, plans to launch a regional airline in India. The new airline, AirAsia India, will be...
  • AirAsia to invest $ 50 mn in new Indian airline February 21, 2013

    New Delhi: A new Indian airline, proposed to be launched by the Tata Group, AirAsia and another Indian investor, is likely to start operations by the fourth quarter of 2013 with about $50 million initial investment by the Malaysian budget carrier. The airline, which would be based on the lowcost, no...
  • AirAsia ready for India if environment is right: CEO October 10, 2012

    Kuala Lumpur: AirAsia is keen to have more presence in India if the "aviation environment" and tax structure are "conducive and friendly" for low-cost airline operations, the group's CEO Tony Fernandes has said. He felt that though the Indian government has allowed 49 per cent foreign direct investments in the...
  • QPR chairman backs struggling manager Hughes October 2, 2012

    London: Queens Park Rangers chairman Tony Fernandes has backed struggling manager Mark Hughes to turn around the club's fortunes after a 21 home loss to West Ham United left them rooted to the bottom of the Premier League. After a number of preseason acquisitions, supporters had hoped the club would avoid...
  • Trulli exit a significant low for F1mad Italy February 18, 2012

    London: Jarno Trulli's abrupt departure from Formula One on Friday triggered no shockwaves around the world, but the Italian's exit was still a significant moment for the glamour sport and the home of Ferrari. Trulli had not scored a point since 2009 and the quality of the Montepulciano d'Abruzzo wines...
  • Petrov to drive for Caterham F1 team February 17, 2012

    Hingham: Russian driver Vitaly Petrov replaced Jarno Trulli at the Caterham F1 team on Friday, leaving the Italian veteran without a drive after 15 seasons in Formula One. Caterham, formerly known as Team Lotus, said Petrov was at the team's factory in Hingham for a seat fitting and will take part...