By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Reading: Air Asia Refutes Bribery Allegations
Share
Sign In
Notification Show More
Font ResizerAa
Font ResizerAa
Travel Radar - Aviation NewsTravel Radar - Aviation News
  • Breaking News
  • Aviation
    • Aircraft
    • Airlines
    • Airshow & Events
    • Careers
    • Manufacturing
  • Travel
    • Airports
    • Points & Loyalty
    • Technology
    • Trip Reviews
  • Newsletters
Signin Sign In
Follow US
Copyright © Travel Radar Media Ltd. 2025 | All Rights Reserved
Travel Radar - Aviation News > News > Air Asia Refutes Bribery Allegations

Air Asia Refutes Bribery Allegations

Travel Radar
Last updated: 3 February 2020 13:05
By Travel Radar Staff
2 Min Read
Share
Air Asia © Edgar Su-Reuters
SHARE
  • Share prices of AirAsia/AirAsia X plummet in Monday trade
  • Allegations involve sponsorship of sports team
  • Investigations by Malaysian authorities come as consequence of Airbus settlement with UK, France & US authorities
  • Similar allegations involving Sir Lankan Airlines

The share price of the Malaysian AirAsia Group and its affiliate AirAsia X fell drastically today, Monday after allegations by the British Serious Fraud Office that Airbus paid a bribe of $50 million to secure orders from the budget airline group.

The share prices fell by 11% for AirAsia to their lowest since May 2016, while those for AirAsia X plummeted by 12% to an all-time low.

© msn.com

The allegations of taking bribes—which AirAsia strenuously denies—come as Airbus agrees a settlement with French, British and American authorities of $4 billion after a four year investigation. The Malaysian Anti-Corruption Commission is investigating the allegations as well as also whether the group broke securities law. Airbus would not comment on the investigations.

The issues with AirAsia and AirAsia x come at a particularly difficult time for Asian carriers as they struggle to cope with the decline in traffic due to the coronavirus outbreak in China.

© hksar.org

The allegations involve improper payments paid to directors or employees of the airline as sponsorship for a sports team over a period at some point between October 2005 and November 2014 during which the airline acquired 135 aircraft.

In other developments, a similar allegation is being investigated by Sri Lankan authorities in that Airbus had engaged the wife of a Sri Lankan Airlines executive as an intermediary and paid $2 million to her company between July 2011 and June 2015.

You Might Also Like

Brussels Airlines Pilots Preparing to Strike This Summer
UtAir 737 CRASH lands
Lufthansa Commences their Longest Ever Flight
Boeing Suffers Loss of Revenue and Workers
The World is Opening up Again but UK Quarantine Threatens to Keep Some Countries Closed to British Holidaymakers
Share This Article
Facebook Twitter Email Copy Link
What’s your thoughts?
Love0
Sad0
Happy0
Angry0
Travel Radar
ByTravel Radar Staff
Follow:
Articles from guest contributors wishing to remain anonymous are credited to this account. Want to contribute to Travel Radar either in-name, or anonymously? Get in touch: [email protected]
Previous Article Coronavirus; What Effect on Airlines?
Next Article Flight returns to Madrid after landing gear ruptures, entering engine
Subscribe
Login
Notify of
guest

guest

1 Comment
Oldest
Newest Upvoted
Inline Feedbacks
View all comments

Stay Connected

FacebookLike
TwitterFollow
InstagramFollow
YoutubeSubscribe

Trending News

Qatar Airways aircraft with a palm tree in the foreground
Why Don’t Planes Bring Back Gaming with New In-Flight WiFi?
Aviation Travel Travel Radar
American Airlines unveils new Airbus A321XLR © American Airlines
American Airlines Unveils Luxurious Airbus A321XLR
Aircraft Airline Economics Airlines Aviation Travel
IATA streamlined ground operations and digital tools © Thomas Nugent
IATA Unveils 2026 Cargo and Ground Operations Update
Aircraft Airline Economics Aviation Did You Know Technology Travel Travel Radar
San Diego, California skyline
Alaska Airlines adds 13 new routes totalling to their most ever
Airports Aviation Travel
Workshop organised by TRAFFIC with Malaysia’s Ministry of Natural Resources and Environmental Sustainability (NRES) and supported by the Aviation Security Division of Malaysia Airports Holding Berhad (MAHB)
TRAFFIC fights against wildlife trafficking in Malaysian Air Sector
Aviation Travel
//

Travel Radar is the leading digital hub for all things aviation and air-travel. Discover our latest aviation news, aviation data, insight and analysis.

Discover

  • Latest News
  • Subscribe
  • Weekly Digest
  • Contact Us
  • Privacy Policy
  • About Us
  • Advertising
  • Media Coverage
  • Press & Events
  • Join Our Team
  • Our Brands

Signup to our Newsletter!

And get the latest aviation news via our weekly news digest!

© Travel Radar Media Ltd. 2015-2025 | ISSN #2635-0696 | Trademark #UK00003579704
wpDiscuz
adbanner
Welcome to the TR Community!

Sign in to your account

Not a member? Sign Up