AirAsia chiefs temporarily step down

SEPANG, 3 Feb 2020:

We refer to the press announcement made by AirAsia on 1 Feb 2020 in relation to allegations made against us in the “Airbus’ Deferred Prosecution Agreement”. This agreement and the contents were arrived at without any reference to us; neither were any explanations sought from us. This is in clear violation of fundamental legal principles of fairness.

We categorically deny any and all allegations of wrongdoing or misconduct on our part as directors of AirAsia. We would not harm the very companies that we spent our entire lives building up to their present global status.

So as to facilitate a full and independent investigation by AirAsia, we are relinquishing our executive roles with immediate effect for a period of two months, or such other period that the companies may deem fit.

We will nonetheless continue to assist AirAsia in an advisory capacity as and when required.

Finally, we welcome any investigations by the authorities and will extend our fullest cooperation.

AirAsia co-founder, executive chairman Datuk Kamarudin Meranun and confounder, group CEO Tan Sri Tony Fernandes