Airlines
AirAsia Boss To Step Down Amid Bribery Probe
AirAsia and its long-haul arm, AirAsia X, allegedly accepted a $50 million bribe from Airbus in the form of a sports sponsorship agreement.
AirAsia CEO Tony Fernandes appears at the 2017 World Travel & Tourism Council Global Summit. (Photo: Flickr: Creative Commons (BY) by World Travel & Tourism Council)
AirAsia CEO Tony Fernandes appears at the 2017 World Travel & Tourism Council Global Summit. (Photo: Flickr: Creative Commons (BY) by World Travel & Tourism Council)

AirAsia co-founders CEO Tony Fernandes and chairman Kamarudin Meranun will step down from their executive roles temporarily over alleged bribery involving the sale of Airbus aircraft, the Malaysian airline said Monday. The move comes just days after the airframe maker reached a record-breaking $4 billion bribery settlement with U.S., French, and British authorities, ending a four-year investigation into a string of corruption allegations.


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