Who is bigger – Tony or AirAsia?

In good hands: File picture showing AirAsia Airbus A320 airplanes parked on the tarmac at the low-cost carrier KLIA2 in Sepang. AirAsia depends on the Fernandes and Kamaruddin for overall direction and they have a track record that proves their capabilities. – AFP

AT the heart of the proposed placement of a block of shares in AirAsia Bhd to its founders is the question of whether the offer should also be extended to all shareholders.

Considering that the share price now is at RM2 each, certainly, there would be queries at the upcoming shareholders’ meeting that would deliberate on the proposed placement to the founders – Tan Sri Tony Fernandes and Datuk Kamarudin Meranun - and not all the shareholders.