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AirAsia Foundation to help budding businessmen

Publication Date : 18-07-2012


Malaysian aviation tycoon Tony Fernandes is turning his attention to philanthropy and will launch the AirAsia Foundation to render financial aid to budding entrepreneurs.

The AirAsia chief said the foundation would be launched by the end of October and will provide grants to entrepreneurs carrying out projects that benefit their communities.

The foundation would operate “from Johor all the way to Cambodia” and added he believed it would have an impact in Sabah, he said in a talk at Universiti Teknologi Mara (UiTM) Sabah campus in Kota Kinabalu yesterday.

He said the foundation would start off with a 10 million ringgit (US$3.17 million) fund contributed by various individuals, including himself.

“We don't believe in charity but we will fund those who want to help themselves.”

He also told students attending the talk that another project he was thinking about was setting up a low cost medical centre.

“The cost can be like that of a government hospital but services offered will match that of a private medical facility,” he said.

He said by then, AirAsia could be carrying up to 60 million passengers annually from the present 32 million.

“Always remember that we Malaysians are as good as anyone else. We can do anything,” said Fernandes, who flew to Sabah to watch his English Premier League football team Queens Park Rangers take on the Sabah Selection team at the Likas Stadium yesterday.


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