AirAsia Malaysia Chief Executive Officer Riad Asmat is leaving his role at the airline and will become a board member at AirAsia Aviation Group.
Riad was appointed to the role in January 2018 and had been responsible for the company’s Malaysia-based operations, AirAsia Aviation Group said in a statement. The executive, who is relinquishing the position effective Dec. 31, said he would “take a bit of a break” in an Instagram message to followers.
The move comes as Capital A Bhd, the holding company for AirAsia, seeks to expand its services beyond aviation. In September, Capital A CEO Tony Fernandes said he expected its non-airlines business to be bigger than its airline operations within five years.