Apart from reducing expenses, the corporation will also seek to improve revenue.
PD POLLS | Anwar comes to the defence of the AirAsia boss, saying 'he is good at business, but not politics'.
'We built a huge business for Malaysia Airports,' adds AirAsia boss.
Fernandes believes economic growth would enable the government to handle the RM1 trillion debt.
Why else would passengers be charged the same airport tax in KLIA and the 'inferior' klia2, asks AirAsia boss.
Tony Fernandes says airline passengers have not been charged fairly as facilities vary between KLIA and KLIA2.
AirAsia, however, says it had received no such summons.
This is to assist investigations into corruption allegations AirAsia has been accused of, reports Times of India.
The ariline says it will defend itself to the fullest extent of the law.
UPDATED 2.15PM | It points at a former CEO and says it initiated criminal proceedings against the latter two years ago.
COMMENT | Give some leeway to businesses and government officers who confess to corruption in these first 100 days.
Tony Fernandes thinks that dealing with Mavcom is 'nothing short of torture.'
Airlines states that Fernandes' 'under pressure' video is fully supported by facts and evidence.
UPDATED 3.25PM | In fact, it claims it approved all additional flights the airline applied for where regulations were met.
YOURSAY | This is not the first time Tony Fernandes has shown poor judgement.
It falls as much as 10 pct on Monday in the first trading session since GE14.
The commission says it will keep members of the public informed on the investigation.
UPDATED 5.23PM | Tony Fernandes says he thought the BN-themed flight would appease the BN government.
GE14 | The A330-300 aircraft is emblazoned with BN's election slogan.
GE14 | Tony Fernandes tells Malaysians to vote based on facts and not hearsay.
GE14 | Flights within the peninsula will cost RM99, while Sabah and S'wak will be RM199 and RM129, respectively.
GE14 | 'Can't give free but we will do our best,' CEO Tony Fernandes says on Facebook.
'We are a company that if we make a mistake, we stand up and take the heat,' says Tony Fernandes.
The airline denies a hoax message on social media that claims Fernandes is leaving AirAsia to join the financial technology sector.
Group CEO Tony Fernandes says AirAsia is 'very much an Airbus customer, for now.'
UPDATED 10.45PM | PM thanks CEO Tony Fernandes for crowning him ‘Father of Low-Cost Air Travel'.
AirAsia boss is keen on the idea due to Sabah's strategic location, says party veep Junz Wong.
AirAsia Group CEO Tony Fernandes lauds the deal as 'big day for AirAsia as we move towards Asean.'
Airlines chief insists that airports should be separated by category until price mechanism implemented.