Tony Fernandes News

Companies

Tata eyes options on AirAsia’s exit

The Tata group, which has the first right of refusal for the 49% stake held by Tony Fernandes-owned AirAsia Bhd in the Indian airline, is weighing at least three alternatives

2 min read7 Oct 2020
Companies

AirAsia may eventually exit India JV: Report

The Asean region is a core market for the airline, while India and Japan are peripheral marketAirAsia India, a joint venture between Tata Sons and AirAsia Berhad, reported 46% load factor and 7.8% market share in May

1 min read23 Jun 2020
News

AirAsia CEO, who allegedly schmoozed Airbus, exits with orders in focus

Tony Fernandes has stepped aside from the company for two months amid Airbus bribery probeAirbus admitted to illegally trying to sway plane sales and agreed to a record $4 billion bribery settlement

5 min read4 Feb 2020
Companies

AirAsia CEO Tony Fernandes and chairman step aside as Airbus bribery allegations probed

Senior company executive Tharumalingam Kanagalingam will be the acting CEO, with the changes effective immediatelyThe allegations were revealed as part of a record $4 billion settlement Airbus agreed with France, Britain and the United States

2 min read4 Feb 2020
Companies

Air Asia PMLA case: ED issues fresh summons to CEO Fernandes, others

The ED is also probing this case under the Foreign Exchange Management ActFew others linked to the present and past management of the airline have also been asked to depose

3 min read24 Jan 2020
Companies

ED probes AirAsia for criminal misconduct, summons Tony Fernandes

ED has also summoned the entire top brass of AirAsia – both past and presentSummons have been issued under the Prevention of Money Laundering Act (PMLA)

2 min read16 Jan 2020
Opinion

Opinion | What happens when an airline opens a restaurant?

AirAsia wants to diversify by getting into the fast-food business. It might have miscalculatedThe problem for AirAsia is that winning customers in Southeast Asia's cutthroat restaurant industry will be much harder than winning passengers on budget aircraft

3 min read2 Jan 2020
Companies

Airline went through some unfortunate incidents: AirAsia India CEO

The airline currently has around 5 % market shareIt is one of the smaller players in the Indian aviation market with 20 aircraft in its fleet

2 min read12 Feb 2019
Companies

Tata Steel’s Sunil Bhaskaran appointed AirAsia India CEO

Sunil Bhaskaran is currently vice-president of corporate affairs at Tata Steel. His appointment will be effective from November 15

2 min read11 Oct 2018
Companies

Airbus near blockbuster $23 billion jet sale to AirAsia

The new planes would help AirAsia CEO Tony Fernandes further his plan to build a pan-Asian budget airline and capture a share of a market dominated by Etihad Airways, Emirates and Air India

2 min read15 Jul 2018
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