Euromoney has once again named AirAsia Berhad the ‘Best Managed company in Asia for the Airlines & Aviation sector’, for the Euromoney ‘Best Managed and Governed Companies – Asia Poll 2014’. AirAsia was the winner of the same accolade in 2013, a tribute to the company’s focus on integration and expansion and excellent corporate foresight of the aviation industry.
The poll is based on replies received from a total of 93 of the leading equity analysts at the largest investment banks and research houses in the Asia Pacific region nominating a total of 214 different companies. Analysts were asked to name which companies were the most impressive across a number of factors including; management accessibility, accounting transparency and corporate governance procedures amongst others.
Analysts praised AirAsia for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”. Analysts also noted that “AirAsia senior management continues to demonstrate prudent gearing, transparency, good governance and clear articulation of strategy.”
Tony Fernandes, Group CEO, AirAsia commented, “It is great to be voted as Asia’s Best Managed Company as it signifies our strength in ensuring cost is lowered and at the same time find innovative ways to increase revenue. Our focus is really to ensure analysts and investors fully understand the strength of the company in overcoming challenges by being innovative and cost-disciplined in our business.”
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