Tony Fernandes

The deal, which will involve the merger of the branding unit with the US-listed company, will probably be announced within the next two months, AirAsia CEO Fernandes said

One of the best-known names in global aviation is preparing to step back from the front lines

Malaysian carrier's India foray ends after eight years; Tatas are working to merge AirAsia India with low-cost service Air India Express

Malaysian parent planning to quit the joint venture fully

The Covid-19 crisis has forced the Malaysia-based AirAsia group to review its investment in the country.

Airline chief Tony Fernandes' "out-of-the-box" choices of CEOs have proved to be disastrous for AirAsia

Tatas in advanced talks to buy 49 per cent stake in Indian joint venture

AirAsia Group's 49% stake in JV valued at Rs 550 cr amid sale talks

With cash shortage and plans going awry, the AirAsia owner is looking to cash out of the venture he built with Ratan Tata in 2013

The Tata group is likely to tie up with other financial investors to acquire its Malaysian partner's 49 per cent stake in AirAsia India, said banking sources.

Chairman Kamarudin Meranun, too, relinquishes post temporarily over links to bribery scandal

From AirAsia CEO, chairman quitting over bribery scandal to Malaysia saying that palm oil dispute with India is temporary, here are the day's top headlines

Fernandes, one of the aviation industry's best-known faces, on Monday stepped aside as chief executive of Asia's biggest budget airline for at least two months

Airbus said last week it had agreed to set aside up to 3.6 billion euros to settle a corruption probe by authorities in France, Britain and the United States

The clause may impede Tatas' bid for Air India

Few others linked to the present and past management of the airline have also been asked to depose

The ED probe is related to allegations that the airline tried to manipulate government policies through corrupt means to get international licence for its Indian venture Air Asia India Limited

The Enforcement Directorate (ED) has summoned senior executives of AirAsia including CEO Tony Fernandes for questioning in connection with a money laundering case

Tony Fernandes says in Twitter post he is "a big fan" of social media, but he had to think hard about whether to remain on Facebook after the live-streaming of the mass shooting in New Zealand.