KUALA LUMPUR: Shares of AIRASIA Group Bhd rose to a high of RM1.25 in afternoon trade on Thursday as investors took heart from comments by the Prime Minister over the low-cost carrier's business deals. The Prime Minister was commenting on media reports over allegations of corruption involving AirAsia and Airbus. AirAsia Group rejected allegations of wrongdoing after reports cited legal documents showing Airbus paid US$50mil (RM204mil) and offered US$55mil (RM225mil) more, to sponsor a sports team linked to the two AirAsia and AIRASIA X executives. “We categorically deny all allegations of wrongdoing or misconduct on our part as executives and directors of AirAsia, ” they said. “At the request of the board of AirAsia, we have agreed to continue to assist AirAsia in an advisory capacity as and when required, ” they added.

Source: The Star February 06, 2020 07:18 UTC