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Tony Fernandes to remain AirAsia parent CEO for another 5 years

Capital A chief defers retirement plan to 'ensure we survive'

Tony Fernandes, the CEO of AirAsia's parent company, Capital A, has put his retirement plans on hold.   © Reuters

KUALA LUMPUR (Reuters) -- Capital A's Tony Fernandes said on Wednesday he has agreed to put aside retirement plans and has signed a new five-year contract to continue as chief executive of the company, the operator of budget airline group AirAsia.

Fernandes, who said in January he intended to retire within the next five years, said he made the decision to renew his contract following requests from the company's board to stay on.

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