AirAsia engulfed in massive Airbus bribery scandal

Southeast Asia’s largest budget airline faces graft allegations

Malaysia-based  budget airline AirAsia and it long-haul division AirAsiaX have been named in court documents in the UK as being the recipients of a $50-million bribe from European plane maker Airbus.

The documents in a multi-billion dollar settlement between the aircraft manufacturer and anti-graft authorities in Britain, France and the US state that two directors and employees of the low-cost carrier and its long-haul unit were paid the sum for Airbus to secure contracts through corrupt middlemen to sell its aircraft worldwide.

Two executives of AirAsia and AirAsiaX have been mentioned in the documents in which Airbus admitted to “endemic levels of bribery across its international business”, according to British paper The Telegraph.

“Endemic levels of bribery” by Airbus

Apart from paying $50 million directly, Airbus offered $55 million more to sponsor a motor sports team linked to two unnamed “key decision makers” at AirAsia and AirAsiaX, according to investigations by the UK’s Serious Fraud Office.

“The airlines ordered 180 aircraft from Airbus, with the executives described as being ‘rewarded in respect of the aircraft order’ which the document said was ‘secured by way of improper payments’,” the report said.

It also cited an angry email from one of the executives to a senior Airbus official.

“You owe me four million already and I’m owed 16 million in total. This should have been paid ages ago when I bought the first 60 aircraft. I want my money,” the email went.

Malaysia’s anti-graft agency is now investigating the allegations. AirAsia officials have strongly denied any wrongdoing and said the company would issue a statement on the matter shortly.

Southeast Asia's largest budget airline faces graft allegations Malaysia-based  budget airline AirAsia and it long-haul division AirAsiaX have been named in court documents in the UK as being the recipients of a $50-million bribe from European plane maker Airbus. The documents in a multi-billion dollar settlement between the aircraft manufacturer and anti-graft authorities in Britain, France and the US state that two directors and employees of the low-cost carrier and its long-haul unit were paid the sum for Airbus to secure contracts through corrupt middlemen to sell its aircraft worldwide. Two executives of AirAsia and AirAsiaX have been mentioned in...

Southeast Asia’s largest budget airline faces graft allegations

Malaysia-based  budget airline AirAsia and it long-haul division AirAsiaX have been named in court documents in the UK as being the recipients of a $50-million bribe from European plane maker Airbus.

The documents in a multi-billion dollar settlement between the aircraft manufacturer and anti-graft authorities in Britain, France and the US state that two directors and employees of the low-cost carrier and its long-haul unit were paid the sum for Airbus to secure contracts through corrupt middlemen to sell its aircraft worldwide.

Two executives of AirAsia and AirAsiaX have been mentioned in the documents in which Airbus admitted to “endemic levels of bribery across its international business”, according to British paper The Telegraph.

“Endemic levels of bribery” by Airbus

Apart from paying $50 million directly, Airbus offered $55 million more to sponsor a motor sports team linked to two unnamed “key decision makers” at AirAsia and AirAsiaX, according to investigations by the UK’s Serious Fraud Office.

“The airlines ordered 180 aircraft from Airbus, with the executives described as being ‘rewarded in respect of the aircraft order’ which the document said was ‘secured by way of improper payments’,” the report said.

It also cited an angry email from one of the executives to a senior Airbus official.

“You owe me four million already and I’m owed 16 million in total. This should have been paid ages ago when I bought the first 60 aircraft. I want my money,” the email went.

Malaysia’s anti-graft agency is now investigating the allegations. AirAsia officials have strongly denied any wrongdoing and said the company would issue a statement on the matter shortly.

NO COMMENTS

Leave a Reply