KUALA LUMPUR - AirAsia Group CEO Tony Fernandes and chairman Kamarudin Meranun will step aside for at least two months while the airline and authorities investigate allegations Airbus paid a bribe of US$50 million to win plane orders from the company.
Senior company executive Tharumalingam Kanagalingam will be the acting CEO, with the changes effective immediately. Shares in AirAsia and unit AirAsia X fell on Monday after the allegations by Britain's Serious Fraud Office came to light on Friday . The allegations were revealed as part of a record US$4 billion settlement Airbus agreed with France, Britain and the United States.
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