Malaysia's Tony Fernandes, one of Asia's most prominent entrepreneurs, has decided to extend his contract as chief executive of Capital A, the firm said Wednesday, after the board persuaded him to delay his planned retirement.
Fernandes, 59, a pioneer of Southeast Asia's budget carrier sector who is often compared to British tycoon Richard Branson, said in January that he intended to step aside within the next five years after more than two decades at the helm.
