#Tony Fernandes

AirAsia Shares Crash 21% as Malaysia Quietly Asks Rivals to Prepare for Its Routes — Fernandes Calls Bailout Talk "Irresponsible

AirAsia and parent Capital A lost as much as a fifth of their market value this week after reports that Malaysia's government asked Malaysia Airlines and Batik Air to prepare contingency plans for absorbing AirAsia's domestic routes; co-founder Tony Fernandes has rejected talk of a bailout or a $3 billion capital need.