AirAsia CEO Tony Fernandes Out For Now Amid Airbus Bribery Probe
Photo Credit: Air Asia Group CEO Tony Fernandes is stepping down, temporarily, as leader of the company. Air Asia Group
Skift Take
There's always some give-and-take whenever any customer places a big order for anything. But did Airbus go too far to try to sway AirAsia? And what will this mean for CEO Tony Fernandes' grand digital plans?
AirAsia Group CEO Tony Fernandes, one of the world's most iconic airline entrepreneurs, will step aside from the company for at least two months after reports surfaced he and another top executive may have accepted a bribe from Airbus in exchange for major aircraft orders.
The news comes four days after Airbus entered into deferred prosecution agreements with regulators in the United States, the United Kingdom, and France over allegations the plane maker bribed its way into winning orders in many countries. In all, Airbus agreed last week to pa
