AirAsia rebuts claims it condones "accounting gimmicks"

On arrival: Passengers disembark from an AirAsia airbus A320 plane upon their arrival at the Manila International Airport. AirAsia believes that consolidating its associate companies would reflect its actual performance and financial position.

PETALING JAYA: AirAsia Bhd has rebutted claims made by GMT Research Ltd questioning the airline’s corporate governance and accusations that it condones “accounting gimmicks”.

While its audit committee refused to comment on GMT’s analysis of AirAsia’s business, it added that the research house would not have been able to do so if the airline had not made sufficient disclosures in its financial statements.