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The trouble with AirAsia's charismatic founder Tony Fernandes
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AirAsia chief executive officer Tony Fernandes (above) appeared at events in a branded baseball cap and vigorously defended the sprawling group on social media before he quit both Facebook and Twitter over the past year.
PHOTO: AFP
David Fickling
(BLOOMBERG) - Asia's largest budget carrier is in trouble, caught up in an anti-corruption investigation of Europe's aerospace industry. Things could get worse.
AirAsia chief executive officer Tony Fernandes stepped down for two months earlier this week, along with chairman Kamarudin Meranun, after the airline was named in a €3.6 billion (S$5.5 billion) settlement of bribery allegations against Airbus. Shares have fallen about 16 per cent since the agreement was announced. The carrier denies any wrongdoing.
