Malaysia’s anti-graft agency is investigating allegations that Airbus paid a bribe of $50 million to AirAsia.
Airbus is now under investigation for supposedly bribing AirAsia, the largest airline in Malaysia, with $50 million to win aircraft orders.
The deal supposedly included 180 aircraft:
- 55 Airbus A330neos unveiled in 2014 plus earlier agreements for 25 A330s, 64 A320neos and 36 A320s.
However, AirAsia has denied these allegations:
“AirAsia vigorously rejects and denies any and all allegations of wrongdoing,” it said.
“The entering into of each aircraft purchase agreement was never made by any single individual decision, but instead arrived at through careful evaluation, deliberation and the collective decision of the board members after taking into account technical specifications, aircraft flight performance and operating economics,” AirAsia said in a statement.
AirAsia already has a ton of aircraft in its pure-Airbus fleet (274 aircraft) and many more on order.
In total, AirAsia itself (excluding subsidiaries) has a total of 353 A321neos on order, 2 of which have already been delivered.
AirAsia’s long-haul subsidiary, AirAsia X, has 78 A330-900neos and 30 A321XLRs on order.
Airbus on Friday agreed a record US$4 billion settlement with France, Britain and the United States after prosecutors said it had bribed public officials and hidden the payments as part of a pattern of worldwide corruption.
The deal allowed Airbus to avoid criminal prosecution that could have led to it being barred from public contracts in the US and the European Union.
Pretty interesting… I’ve always wondered why AirAsia needed so many aircraft. Since the news, AirAsia’s stock has been declining. If this is true, it would create a bad image for Airbus.