Wednesday, 22 June 2016

AirAsia buys bosses’ plane

AirAsia Bhd is buying Tune Group Sdn Bhd’s private jet plane, used primarily by its executive chairman Datuk Kamarudin Meranun and group chief executive officer (CEO) Tan Sri Tony Fernandes to carry out their airline business, for US$10mil (RM40.26mil).

The purchase, the low-cost carrier said, would enable Kamarudin and Fernandes to continue enjoying the benefits of flying private, while at the same time, saving the company some money.

In a statement to Bursa Malaysia yesterday, AirAsia said the private jet would be paid for in cash from the company’s internally available funds.

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