AirAsia's chief Tony Fernandes responds to crisis with quick compassion
https://www.smh.com.au › Business › Companies › Aviation
Jan 1, 2015 - AirAsia CEO Tony Fernandes during a press conference at the crisis ... on September 8, 2001, just three days before the 9/11 terrorist attacks.......................................
MH 370 to QZ 8501: Is 2014 the worst year for Airline industry? - India ...
www.india.com/.../mh-370-to-qz-8501-is-2014-the-worst-year-for-airline-industry-23...
Dec 28, 2014 - This is the third such major aviation disaster in this part of the region after two Malaysian Airlines involved in such incident. - MH 370 to QZ ...MH370, MH17 and now QZ8501: Allianz lead re-insurer in all cases ...
https://www.firstpost.com/.../mh370-mh17-now-qz8501-allianz-lead-re-insurer-cases-...
Dec 29, 2014 - Hong Kong: German insurer Allianz said on Monday it was the lead re-insurer to the AirAsia jet missing off the Indonesian coast with 162 ...Indian police launch probe against AirAsia boss Tony Fernandes .reuters.
In 2002, Air Asia had only two aircraft in the air, but under Mr Fernandes the company expanded rapidly and by the end of the decade it was flying 30 million passengers around the world on 86 planes.
But the 50-year-old businessman did not stop at airlines. After entering Formula 1 racing in 2010, buying a team called Lotus Racing (now called Caterham), the lifelong football fan became owner of Queen’s Park Rangers, the Premier League club, in 2011.
That same year, the Home Counties-educated entrepreneur from Kuala Lumpur was officially welcomed into the British establishment when he became a CBE, receiving the award from the Queen.
While dining with David Cameron the following year, he tweeted that the Prime Minister had told him he was was trying to persuade his son to support QPR.
As he accompanied Mr Cameron on a tour of an Airbus wings factory in Broughton, North Wales, two years ago, after his airline had commissioned 100 more jets, Mr Fernandes hinted that he had not finished dreaming.
"One day, Air Asia would be as well-known as Coca Cola,” he said. “That would be cool.”,,,,,,,,,,,,,,,,,,,, www.reuters.com/article/us-airasia-india-police/indian-police-launch-probe-against-airasia-boss-tony-fernandes-idUSKCN1IU208
The man behind AirAsia: chief executive Tony Fernandes
https://www.smh.com.au/.../the-man-behind-airasia-chief-executive-tony-fernandes-201...
Dec 29, 2014 - Mr Fernandes, a flamboyant Malaysian-born, British-educated ... AirAsia chief executiveTony Fernandes at a news conference about the missing plane. ... UK Supreme Court says woman must remain in 'loveless' marriage.-
Anonymous29 December 2014 at 11:36http://www.infowars.com/did-mysterious-chinese-blogger-predict-disappearance-of-airasia-flight/
Did Mysterious Chinese Blogger Predict Disappearance of AirAsia Flight?
Weibo user warned travelers to avoid AirAsia in series of posts
mysterious user of the Chinese social media network Weibo apparently predicted the disappearance on AirAsia Flight QZ8501 almost two weeks before the plane went missing, urgently warning Chinese nationals not to use the airliner in dozens of posts.
The report, carried by the Epoch Times, relates the story of how the individual “repeatedly warned people away from Malaysia Airlines (and) AirAsia.”
“Do not become another victim of MH370,” warned the individual in a December 15 post, adding that AirAsia was about to be targeted by “powerful” forces which he referred to as the “black hand”...
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Indian police launch probe against AirAsia boss Tony Fernandes .reuters.
https://www.reuters.com/article/us-airasia-india-police/indian-police-launch-probe-against-airasia-boss-tony-fernandes-idUSKCN1IU208
Indian police launch probe against AirAsia boss Tony Fernandes
NEW DELHI (Reuters) - Indian police said on Tuesday they have filed a case against AirAsia Group Bhd (AIRA.KL), the airline’s CEO Tony Fernandes and its domestic entity AirAsia India, over allegations of corruption and breaking rules in obtaining a flying license.
The Central Bureau of Investigation (CBI) accused the airline, some of its employees and third parties of violating India’s foreign direct investment rules while obtaining the license, and of bribing government officials in an attempt to get regulations relaxed to allow AirAsia India to fly international routes.
AirAsia India said in a statement on Tuesday it refuted any allegations of wrongdoing and was co-operating with all regulators and agencies “to present the correct facts”.
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The parent group, AirAsia, on Wednesday referred requests for comment to AirAsia India. Fernandes did not respond to requests for comment.
Shares in AirAsia slid 4 percent in early Wednesday trade, compared with a 2 percent decline for the wider market.
The police investigation is a blow for the budget airline, which has been planning to add new jets to its Indian fleet as it seeks to expand in one of the world’s fastest-growing aviation markets.
In its complaint, the CBI said the airline, Fernandes and others “chose to beat the legal frameworks and policies of the aviation sector of India” and lobbied government officials “to secure mandatory approvals, some of them through non-transparent means”.
The Malaysian low-cost carrier in 2014 launched domestic flight operations in India along with local joint venture partner Tata Sons.
At the time, India’s aviation rules required AirAsia India to operate in the domestic market for a period of five years and have a fleet of 20 aircraft before it was allowed to fly international routes.
India in 2017 relaxed the rules by abolishing the five-year clause.
According to the complaint, Fernandes wanted the airline’s Indian operation to be able to fly internationally from day one.
The CBI has alleged that bribes were paid to government officials “for securing permit for operation of international scheduled air transport services”.
The complaint listed five other individuals and a Singapore-based company, along with unidentified government officials.
A CBI spokesman said it was conducting searches at AirAsia’s offices, including in Delhi and Mumbai, without elaborating.
Fernandes is also under investigation in Malaysia in a dispute with the country’s regulator, the Malaysian Aviation Committee, over the cancellation of 120 flights during the general election period earlier in May.
Airasia Group Bhd
3.51
AIRA.KLKUALA LUMPUR STOCK EXCHANGE
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AIRA.KL
AIRA.KL
AirAsia Group Bhd, said in January it was considering an IPO of the Indian operation, which had 14 planes at end-2017 with plans to grow to 60 over the next five years.
Additional reporting by Aditya Kalra, and Liz Lee in Kuala Lumpur and Jamie Freed in Singapore; Editing by Alex Richardson and Edwina Gibbs
AirAsia CEO Dumped Shares Days Before Flight Disappeared
Move prompts speculation Tony Fernandes had prior knowledge
AirAsia CEO Tony Fernandes dumped 944,800 shares in Tune Insurance Holdings Bhd, the organization that provides travel insurance for AirAsia passengers, just days before the disappearance of Flight QZ8501.
On December 26, the Malaysian Insider reported that Fernandes, the founder of Tune Group Sdn Bhd which owns AirAsia, had sold a total of 944,800 shares in Tune Insurance Holdings Bhd, with 850,000 shares being dumped on December 22, and the other 94,800 being sold the day after.
According to its official website, Tune Insurance Holdings Bhd is “an insurance product manager” for AirAsia in which “insurance products are sold to (AirAsia) customers as part of their online booking process.”
The share prices of AirAsia and Tune Insurance Holdings both fell on the first day of trading after the disappearance of Flight QZ8501, with the former shedding 12.9 percent at one point. Tune Insurance Holdings lost 0.6%.
Fernandes decision to dump the shares less than a week before AirAsia Flight QZ8501 disappeared over the Java Sea prompted some to speculate that he may have had prior knowledge of the incident.
“Did Fernandes know his company stock was about to take a hit? The timing is suspicious,” asks Heavy.com, adding, “If so, it indicates knowledge of an impending attack on AirAsia.”
The International Business Times adds that the move has prompted many to voice the theory that Fernandes, “possibly knew about an impending attack on one of the company’s aircraft.”
The story bears some similarity to the unusual market activity in airline stocks that preceded the September 11, 2001 terror attacks. An “extraordinary” amount of ‘put options’ – speculation that a stock price will fall – were placed on United and American Airlines in the days leading up to 9/11.
As we reported earlier, one of the other main unanswered questions surrounding the incident is why a Chinese blogger urged people to avoid AirAsia flights less than two weeks before the disappearance of Flight QZ8501.
Some say the posts, which were made on Chinese social media site Weibo, are a startling indication of prior knowledge whereas others claim the posts were deceptively edited after the crash of Flight QZ8501 to create the impression that its disappearance had been predicted ahead of time.