financetom
Market
financetom
/
Market
/
Shares of AirAsia, AirAsia X fall after CEO, chairman step aside
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Shares of AirAsia, AirAsia X fall after CEO, chairman step aside
Feb 3, 2020 10:58 PM

Shares of budget airline AirAsia Group and its long-haul subsidiary, AirAsia X, fell in early trade on Tuesday after the group’s CEO Tony Fernandes and Chairman Kamarudin Meranun said they would step aside for two months.

Share Market Live

NSE

Both Fernandes and Kamarudin announced late Monday that they would step aside as authorities investigate allegations that Airbus had paid a bribe of $50 million to win plane orders from the AirAsia.

AirAsia Group’s shares fell 5 percent as markets opened in Kuala Lumpur, while AirAsia X shares lost 8 percent.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved