Skip to content
Living

AirAsia: Neither we nor CEO has received any notice from India’s CBI

By Minjun ParkIndia
1 min read
tony fernandes
tony fernandes
In this article (5)

Airasia Group Bhd and its CEO Tan Sri Tony Fernandes have not received any notices from the India’s Central Bureau of Investigation (CBI) contrary to reports which stated that Fernandes has been summoned for questioning on June 6.

“We wish to state categorically that neither AirAsia Group nor Tan Sri Tony Fernandes, in his personal capacity, has received any such notice as of today,” the group said in a statement.

If and when any such notice is received through formal and official channels, then in accordance with the sovereign laws of Malaysia we will abide by the due process of the letter of the law,” it added.

AirAsia said both the group and Tony will fully cooperate with the respective authorities in India in the investigations.

The group was referring to news reports quoting sources in which it was reported that AirAsia’s Indian unit allegedly broke rules while obtaining rights for international flights out of the country.

CBI reportedly named Fernandes, the airline and others in a complaint, alleging they lobbied government officials “to secure mandatory approvals, some of them through non-transparent means”.

Reuters quoted a CBI source on Friday as saying that Tony had been called for questioning in the case on June 6, adding that others would also be called as part of the investigation.

In 2014 the low-cost carrier launched its domestic flight operations in India with local joint venture partner Tata Sons.

At market close, Airasia’s share price rose 4.19% to close at RM3.23 with some 10.5million shares done.

Questions & Answers

Q.

Has AirAsia Group or its CEO received a notice from India's CBI?

A.

No, AirAsia Group and Tan Sri Tony Fernandes, its CEO, stated they have not received any notice from India's Central Bureau of Investigation as of today.

Q.

What is AirAsia's stance if a notice is received in the future?

A.

AirAsia stated that if a notice is received through formal channels, they will abide by the due process of the law and cooperate fully with the Indian authorities in their investigations.

Q.

Why is India's CBI reportedly investigating AirAsia?

A.

The CBI reportedly named Fernandes and the airline in a complaint alleging they lobbied government officials to secure mandatory approvals, some through non-transparent means, for international flight rights.

Q.

What was the immediate market reaction to these reports?

A.

AirAsia's share price rose 4.19% to close at RM3.23 at market close, with approximately 10.5 million shares traded.

Reader pulse

What is AirAsia's biggest challenge regarding the CBI investigation?

23,866 votes so far

Weekly Briefing

Asia's retail intelligence, in your inbox

Monday, Wednesday and a Friday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.

  • Top industry moves and market shifts
  • Weekly data-driven analysis from across Asia
  • Monday, Wednesday and the Friday Weekly Wrap

Read by retail operators, investors and brand teams across Asia.

Protected by a quick human check. No spam, ever. Unsubscribe in one click.

SecureGDPR ready