Thread by @Dick_Lopez77

🧵1. 🔥BREAKING NEWS🔥: @airasia CEO @tonyfernandes_ recently held a 🧑‍✈️pilot's town hall meeting where he shared several key updates about the company's future.

However, the meeting has raised eyebrows given his ongoing involvement in several high-profile scandals.

2. Tan Sri @tonyfernandes_ is currently embroiled in the @Airbus bribery scandal (COUNT 1: MALAYSIA), which involved the company paying off officials in several countries, including Malaysia, to secure aircraft contracts.

3. TonyF has denied any wrongdoing, but the scandal has put a spotlight on his leadership and integrity. He has also been linked to the @RollsRoyce scandal, which involved the company bribing officials in several countries to secure engine contracts.

theedgemarkets.com/article/cover-…

4. Again, @tonyfernandes_ has denied any involvement, but the scandal has further eroded his reputation.

Despite these controversies, Tony revealed that AirAsia is set to receive tax exemption from the Malaysian government!

5. And that AA is acquiring 30 new planes, including the @Airbus 320 and 321neo, with a target of reaching 500 planes.

The merger of @airasia and AirAsia X is set to take place in December 2023, resulting in the creation of "AirAsia Aviation".

6. Tony also revealed that the challenges of low oil prices and a weak ringgit are affecting fares and profits.

Furthermore, there will be no premium flights to London or Subang airport, as they are not deemed profitable.

7. Now how is the Malaysian govt working on a TAX EXEMPTION for @airasia in view of the #corruption and #bribery scandals, not to mention @tonyfernandes_ & Bo Lingam being wanted for questioning in India for #moneylaundering?

theedgemarkets.com/article/india-…

8. On 3 March 2022, the Court of Appeal unanimously dismissed six appeals by AirAsia Berhad and AirAsia X Berhad (collectively, AirAsia) relating to the Kuala Lumpur High Court's decision to award summary judgment in the total sum of approximately RM41.5 million.

9. The RM41.5M summary judgement was to Malaysia Airports (Sepang) Sdn Bhd (MA Sepang) for unpaid passenger service charges (PSC)!

Is this tantamount to effectively "refunding" @tonyfernandes_ for the RM41.5 million and more?

Read more here: malaysianow.com/news/2022/03/0…

10. Adding to the controversy, TonyF was recently linked to @MuhyiddinYassin's Charity Golf event, with reports suggesting that he may have been a donor.

@PasolaOfficial covers it in detail here:

https://twitter.com/PasolaOfficial/status/1618433127269175298?s=20

11. Furthermore, Tony and Bo Lingam are wanted in India for questioning with regards to money laundering allegations involving AirAsia India, a JV between @airasia and @TataCompanies.

theedgemarkets.com/article/india-…

12. Despite these scandals and Tony's questionable track record, TonyF claims that AirAsia plans to expand internationally, with 19 new destinations in China planned for 2023!

13. In addition, senior staff will be offered new stock options, and Tony may step down in two to three years, with Bo Lingam taking over.

Pic below is Tharumalingam Kanagalingam, better known as Bo Lingam. Wanted in India for questioning over moneylaundering.

14. It remains to be seen how these developments will play out for @airasia, but with significant changes on the horizon, it is clear that the airline is in for an uncertain future.

@SPRMMalaysia @PDRMsia @usembassykl @DOJCrimDiv @UKSFO & @pr_financier should investigate ASAP!