High-flying AirAsia rocked by research report

Tony Fernandes, group CEO of AirAsia.

FOR the longest time, budget carrier AirAsia Bhd seemed to be immune to the upheavals of the industry. That may not be the case anymore.

Sitting in Paris and then in Jakarta, Tan Sri Tony Fernandes (pic) and his partner, Datuk Kamarudin Meranun in Kuala Lumpur, are furiously trying to address worries that all is not well with the financials of the airline. Fernandes is group CEO of AirAsia, the airline which he co-founded with Kamarudin, while Kamarudin is executive chairman.