KUALA LUMPUR (April 7): Tan Sri Tony Fernandes and Datuk Kamarudin Meranun has sold UK-based Caterham Cars Ltd to Japan-headquartered automotive group VT Holdings as performance-car manufacturer Caterham looks ahead to write the next chapter of its corporate journey.
In a statement yesterday, Caterham said VT Holdings had last Wednesday (March 31, 2021) acquired Caterham from “businessmen Fernandes and Kamarudin.
Fernandes is AirAsia Group Bhd executive director and chief executive officer while Kamarudin is the budget airline’s executive chairman, according to AirAsia Group’s annual report.
In Caterham’s statement, the company had however not disclosed the value of the transaction and specified why Fernandes and Kamarudin sold Caterham to VT Holdings.
Tuesday, 06 Apr 2021 04:18 PM MYT
AirAsia Group CEO Tony Fernandes speaks during a news conference at the AirAsia headquarters in Sepang in this file picture taken on December 13, 2017. Reuters pic
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KUALA LUMPUR, April 6 AirAsia Group Bhd plans to re-hire the employees it had to retrench last year once the airline business starts to pick up.
Recognising that having to terminate the services of some 2,000 employees last year was a tragedy, group chief executive officer Tan Sri Tony Fernandes has vowed to re-hire all of them and is confident that the low-cost carrier will be able to do that.
06 Apr 2021 / 16:37 H. Reuters
KUALA LUMPUR: AirAsia Group Bhd plans to re-hire the employees it had to retrench last year once the airline business starts to pick up.
Recognising that having to terminate the services of some 2,000 employees last year was a tragedy, group chief executive officer Tan Sri Tony Fernandes has vowed to re-hire all of them and is confident that the low-cost carrier will be able to do that.
“We had the tragedy of losing 2,000 staff through Covid-19. Before I retire, I must make sure that I hire everyone back.
“That is my goal and I am very confident we can do that when flying resumes, supported by our other businesses,“ said the aviation tycoon during the virtual Reimagining Malaysia Assets (RESET) 2021 conference held today.
Following a mutual agreement between Renault and Caterham, the former has increased its stake in Société des Automobiles Alpine Caterham to 100%, following
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