AAX appoints Farouk Kamal as independent non-ED

by FAYYADH JAAFAR / Pic by TMRgraphic

AIRASIA X (AAX) has appointed Farouk Kamal as an independent non-ED, following the company’s recent confirmation of a new strategic direction.

Farouk is currently the chief investment officer of Urusharta Jamaah Sdn Bhd (UJSB). He is part of the pioneer team at UJSB, which is in charge of managing assets worth more than RM10 billion.

His experience includes advising clients on mergers and acquisitions, corporate restructuring, equity and equity-linked capital market transactions, and debt capital market transactions. This includes several deals in Malaysia that were very important.

He graduated from the London School of Economics and Political Science with an MSc in Finance and Economics and a BSc in Economics degree.

AAX co-founder and non-independent ED Tan Sri Dr Tony Fernandes said Farouk is coming in at a great time as AAX had record sales this week.

“We look forward to his contribution as an experienced board member. AAX is an important part of our overall group expansion strategy, which completes the broad ecosystem of portfolio companies and overarching transformation goal to become the global leading travel and lifestyle platform of choice,” he said.

Farouk said he was excited to be part of the team.

“This is an exciting time to join AAX as it resumes operations as a new look airline and embarks on a journey to revolutionise great value medium- to long-haul air travel across Asean and beyond, to Asia Pacific, the Middle East and Europe.

“I’m confident of AAX’s new chapter as a combination carrier, focused equally on cargo and passengers, to make flying long-haul commercially viable and as affordable as possible for our guests,” he said.