News about air

KUALA LUMPUR (Feb 6): Prime Minister Tun Dr Mahathir Mohamad said today the Malaysian government had always asked for offsets when it bought equipment at high prices and that it is not bribery if an offset in a business transaction is for a specific purpose.

KUALA LUMPUR (Feb 4): AirAsia Group Bhd co-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun have denied all allegations of wrongdoing or misconduct in relation with the Airbus SE corruption charges, which implicated two executives from the low-cost carrier.

KUALA LUMPUR (Feb 3): AirAsia Group Bhd said today that its co-founders Tan Sri Tony Fernandes and Datuk Kamarudin Meranun have relinquished their executive roles in the company effective today, amid a corruption probe by authorities on the company’s executives.

KUALA LUMPUR (Feb 3): AirAsia Group Bhd (AAGB) and AirAsia X Bhd (AAX) shares fell as much as 11.

KUALA LUMPUR (Feb 3): The Securities Commission Malaysia (SC) will review the bribery and corruption allegations against executives at low-cost carriers AirAsia Group Bhd and AirAsia X Bhd involving US$50 million (RM205 million) from a plane-maker.

KUALA LUMPUR (Feb 3): To say Malaysia’s much anticipated Visit Malaysia Year 2020 (VMY2020) is not off to a good start is probably an understatement, what with the severe blow dealt to the tourism industry by the Wuhan virus, now a global health emergency that has caused the death of over 300 and infected over 14,000 worldwide since the start of the outbreak at end-December.

KUALA LUMPUR (Jan 31): Motorists plying highways managed by PLUS Malaysia Bhd will enjoy an 18% reduction in toll rates from midnight.

KUALA LUMPUR (Jan 31): Beijing has not given the greenlight for Malaysia to use military transport planes to evacuate our citizens stuck in Hubei province and Wuhan as a result of the novel coronavirus outbreak, Foreign Affairs Minister Saifuddin Abdullah (pictured) said, reported Malaysiakini.

KUALA LUMPUR (Jan 30): Airlines face risks from the coronavirus outbreak similar to those that gripped the industry from another rapidly spreading illness in 2003, according to an S&P Global Ratings.

KUALA LUMPUR (Jan 29): Mega coffee shop chain Starbucks has announced it has closed about half of its almost 4,300 outlets in The People’s Republic of China, reported the BBC today.