You are here: Home » Reuters » News
Business Standard

AirAsia shares fall after chief apologises for backing Malaysia's Najib

Reuters  |  KUALA LUMPUR 

KUALA LUMPUR (Reuters) - Shares in AirAsia Group Bhd fell as much as 10 percent on Monday in the first trading session since Malaysia's election and after its chief Tony Fernandes apologised for endorsing former prime minister Najib Razak in the election.Najib was ousted by former leader Mahathir Mohamad in a shock election result last week. Najib's Barisan Nasional coalition, which had governed Malaysia since independence in 1957, was booted out of power for the first time.AirAsia has several airlines in various Asian countries but Malaysia, its home market, is its largest contributor to ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, May 14 2018. 08:50 IST