Sunday 13 November 2011

Entrepreneur Profile


Tan Sri Anthony Francis Fernandes CBE (born 30 April 1964; also known as Tony Fernandes) is  Malaysia entrepreneur and the founder of Tune Air Sdn. Bhd., who introduced the first budget no-frills airline, AirAsia to Malaysians with the tagline "Now everyone can fly". He has since founded the Tune Group  of companies.

He rose to prominence by turning AirAsia, a failing government-linked commercial airline, into a highly successful budget airline public-listed company. Fernandes was also instrumental in lobbying the then Malaysian Prime Minister, Tun Dr.Mahathir Mohamad  in mid-2003, to propose the idea of open skies agreements with neighbouring Thailand,Indonesia and Singapore. As a result, these nations have granted landing rights to AirAsia and other discount carriers.
 
Born in Kuala Lumpur to an Indian Goan father, Stephen Edward Fernandes, and Malacca Portuguese mother, Ena Dorothy Fernandez. At a young age, Tony used to follow his mother, a businesswoman, to Tupperware dealer parties and conventions. He was educated at Epsom College 1977-83 and then graduated from the London School of Economics in 1987. He worked very briefly with Virgin Atlantic as an auditor, subsequently becoming the financial controller for Richard Branson's Virgin Records in London from 1987 to 1989. Tony was admitted as Associate Member of the Association of Chartered Certified Accountants (ACCA) in 1991 and became Fellow Member in 1996.

Upon his return to Malaysia, he became the youngest managing director of Warner Music (Malaysia) Sdn Bhd. Though an accountant, Fernandes is an amateur guitarist and also has achieved grade 8 piano which is where his musical inclination lies. He was responsible for revolutionising ethnic music, nasyid and dangdut, bringing them into the mainstream of contemporary Malaysian music.

He subsequently became the South East Asian regional vice-president for Warner Music Group from 1992-2001. When Time Warner Inc announced its merger with America Online Inc., Fernandes left to pursue his dream of starting a budget no-frills airline. However, his application for a license from the Malaysian government was rejected.
 

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