Berjaya Corp director appointed chairman at AirAsia parent company's aircraft MRO arm

TheEdge Mon, Apr 25, 2022 02:41pm - 2 months View Original


KUALA LUMPUR (April 25): AirAsia parent company Capital A Bhd's wholly-owned aircraft maintenance, repair and overhaul (MRO) company Asia Digital Engineering (ADE) had on Monday (April 25) announced its newly-formed board of directors which include Berjaya Corp Bhd independent non-executive director Datuk Hisham Othman, who has been appointed ADE chairman to oversee ADE's future strategy to become a leading aircraft MRO firm in Southeast Asia.

In a statement, Capital A said that besides Hisham, ADE's newly-formed board of directors include independent directors Datuk Sreesanthan Eliathamby, Suhnylla Kler and Natasha Kamaluddin.

"ADE today (April 25) announces its newly-formed board of directors to oversee the future strategy of Capital A group’s engineering company as it sets its sights on becoming the leading MRO powerhouse in Southeast Asia.

"The announcement of a new board of directors, including the new independent non-executive chairman Hisham, is among one of a number of initiatives to reflect ADE’s commitment to deliver industry leading engineering solutions for AirAsia and other third-party airlines in the region," Capital A said.

On Hisham, Capital A said he is highly regarded for his extensive senior management experience in numerous relevant fields including overarching business strategy, operations and project management.

"He brings a wealth of experience in the fields of automotive, maintenance, automotive sales and aftersales, transportation, real estate, property development, construction and infrastructure," Capital A said.

Capital A was formerly known as AirAsia Group Bhd.

At Bursa Malaysia on Monday, Capital A's share price was down one sen or 1.42% at 69.5 sen at 2:50pm for a market capitalisation of about RM2.89 billion.

Capital A's latest-reported number of outstanding shares stood at 4.16 billion, according to Capital A's Bursa filing on April 6.

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