AirAsia Group chief executive officer (CEO) Tan Sri Tony Fernandes proudly announced that AirAsia X has completed the International Air Transport Association (IATA) Operational Safety Audit (IOSA), the benchmark for global safety management in airlines.

He said that the airline was the group’s first to register with the audit programme, an internationally recognized and accepted evaluation system designed to access the operational management and control system of an airline, as reported in theStar.
 
The article went on to explain that the IOSA audit covers eight functional and operational areas of AirAsia X, namely organization and management system, flight operations, operational control and flight dispatch, aircraft engineering and maintenance, cabin operations, ground handling operations, cargo operations and security management. 
 
With the audit programme completed, AirAsia X acting CEO Benyamin Ismail added that this has allowed the airline to meet the required standards, allowing the airline to further strengthen the safety and efficiency of the organization.
 
AirAsia X’s share price has been on a downtrend, shedding 42% since the start of the year.  Investors who view a potential rebound in the share price may consider AAX-CT to gain a leverage exposure to the share price.  With an effective gearing of 4x, AAX-CT is expected to move approximately 4% for a 1% move in the mother share.

Source: Macquarie Research - 14 May 2015