Friday, 10 January 2014

Euromoney names AirAsia “best managed company” in Asia for 2nd time

KUALA LUMPUR (Jan 10): AirAsia Bhd has been named “best managed company” in Asia for the airlines and aviation sector by Euromoney’s best managed and governed companies – Asia poll 2014.

This is the second consecutive year that AirAsia became winner of the same accolade due to the company’s focus on integration and expansion and excellent corporate foresight of the aviation industry.

In a statement Friday, AirAsia chief executive officer Aireen Omar said the achievement reflected the carrier’s commitment to ensure utmost transparency and good governance in business, in order to preserve the confidence of its stakeholders and investors.

“Total confidence and unshaken credibility is vital in our quest to expand the business and extend our reach across the region and beyond,” she added.

The poll was based on replies from 93 leading equity analysts in large investment banks and research houses in Asia Pacific region nominating 214 different companies.

Euromoney Magazine editor Clive Horwood said the continuing prominence of Asia in global markets had created new growth opportunities for Asian companies.

“Through our annual survey, leading analysts covering Asia across all sectors have rewarded well governed institutions for sound financials and transparent relations with an increasingly wider investor pool,” he said.

Furthermore, the analysts polled praised AirAsia for its leading role in promoting transparent communication to investors, citing that “the company has a clear strategy and good visibility”.

They also noted that “AirAsia senior management continues to demonstrate prudent gearing, transparency, good governance and clear articulation of strategy.”

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