AirAsia X Thailand Group Chief Executive Officer Resigns

AirAsia X has confirmed that its Group Chief Executive Office Thailand, Mr Nadda Buranasiri has resigned from his post, his last day will be 31 March.

This comes off the troubled state the airline has been since its failure in addressing its financial status with its creditors, AirAsia X reported a net operating loss of RM11.9 million on the back of RM119 million in revenue in the three months to December 2021. As for the group Capital A, EBITDA loss for 2021 was reported at RM1.1 billion, contracted by 68% compared to the EBITDA loss of RM3.4 billion in 2020. The Consolidated Group continued to enforce strict cost control measures and this prudent effort resulted in a reduction of operating costs of 49% YoY.

Nadda Buranasiri joined AirAsia X Thailand as the Chief Executive Officer in January 2014 and was appointed as the Group Chief Executive Officer of AirAsia X on 1 November 2018.

He was instrumental in the establishment of AirAsia X Thailand, the country’s first low-cost long-haul airline. Under his leadership, AirAsia X Thailand grew to profitability within three years of operations.

Buranasiri came with wealth of experience in various industries, starting as a Sales Executive for Siam Cement before progressing to the role of Product Manager at Asia Porcelain Industry and eventually, Market Executive for American Express until 1991.

He was also in the advertising industry as the Account Group Director of J Walter Thomson (JWT), where he continued until 1996, when he moved to the music industry to be Managing Director of newly formed record label MCA. When MCA became Universal Music (Thailand) Co Ltd in 2007, Buranasiri remained Managing Director and directed business strategy explored new business opportunities and partnerships until 2013.

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