Capital A chef Fernandes postpones his retirement and extends his contract for 5 years | WIBQ The talk station

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

Fernandes, who said in January that he planned to retire within five years, said he made the decision to extend his contract after requests from the company’s board to stay on.

“Pension plans had to be put on hold to ensure our survival,” Fernandes told reporters.

(Reporting by Danial Azhar; Writing by Rozanna Latiff; Editing by John Mair, Martin Petty)