AirAsia X Board approves new leadership appointments following group consolidation

Following the completion of acquisition of both AirAsia Berhad and AirAsia Aviation Group Limited from Capital A Berhad, the Board of Directors of AirAsia X Berhad approved a new management structure aimed at strengthening leadership execution, enhancing governance and supporting the Company’s next phase of strategic growth.

Bo Lingam
→ Appointed Group Chief Executive Officer, providing overall strategic leadership and direction.

Farouk Kamal
→ Named Deputy Group CEO, overseeing corporate functions and operations.

Low Kar Chuan
→ Appointed Chief Financial Officer, strengthening financial stewardship and governance.

Lavinia Louis
→ Becomes Head of Group Finance, managing group-wide financial reporting and controls.

Benyamin Ismail
→ Continues as General Manager, accountable for day-to-day airline operations.

Strategic Context
- These changes follow AirAsia X’s acquisition of AirAsia Berhad (AAB) and AirAsia Aviation Group Limited (AAAGL) from Capital A Berhad.
- The new structure is designed to enhance governance, leadership depth, and execution capability as the company enters its next growth phase.
- The Board emphasized that the unified short-haul and long-haul structure will improve efficiency, network strength, and guest experience.

Additional Developments
- AirAsia X successfully listed 606,060,606 Placement Shares and 2,307,692,307 Consideration Shares, completing its Proposed Private Placement.
- The company is evaluating a possible name change to reflect the consolidation of its aviation business, subject to approvals.

This move signals AirAsia X’s intent to streamline leadership and position itself for long-term value creation in the aviation sector.