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phxa340
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Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 3:55 pm

Allegedly Airbus paid the AirAsia boss $50M to order all of those airbuses.

And the corruption at Airbus appears to keep getting deeper ...

https://www.reuters.com/article/us-airb ... SKBN1ZV3LV
 
KlimaBXsst
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 4:26 pm

Hardcore.

Let’s just hope in this, a fix was not missed and on an aircraft that was supposed to be delivered to Air Asia and went to someone else.

Yep it’s happened before remember Lockheed and McDonnell Douglas.
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ElroyJetson
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 4:36 pm

Does not look good. I have always wondered why AIrAsia was so rabidly pro Airbus. I guess now we know.
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blueflyer
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 4:46 pm

phxa340 wrote:
And the corruption at Airbus appears to keep getting deeper ...

How is it "deeper" at all? This is (days) old news rehashed as new news. What the real news is that Airbus is now being investigated in Malaysia for practices they reached a settlement on with French, British, and American authorities just days ago. As part of the deal, they disclosed their abusive practices.

https://www.wsj.com/articles/airbus-bri ... 1580480153

What would be more interesting is to figure out Malaysia's motivation. Did they really only find out recently when disclosures were made as part of the settlement? Or did they know a while ago through inquiries and investigations by the three countries, but Malaysia didn't want to go after powerful men? Could be the Malay government feels compelled to act now that Airbus' corrupt practices have become publicly known and the government doesn't want to appear as though it is covering it up.
 
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Aesma
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 5:14 pm

EADS sponsoring a F1 team is a bit strange for sure, but it's not the same thing as sending money to an account in the Caymans or something like that. As a follower of Formula 1 I was exposed to those ads, just like many other ads on F1 cars.
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dtw2hyd
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 5:19 pm

How and why do you bribe a private carrier owner? New concept!!!
All posts are just opinions.
 
Weatherwatcher1
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 7:42 pm

It makes me wonder how real the giant Air Asia A330neo order is. It always felt that Air Asia X never needed all of those planes, which is why the order has been renegotiated so many times. Was Airbus trying to pad it’s order book by bribing Air Asia’s CEO?
 
anshabhi
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 7:44 pm

How exactly can you bribe a private company? The company is free to enter into any kind of business with it's partners right?
Is taxpayer money invested in AirAsia in any way?

AirAsia boss is founder and CEO, Tony Fernandes. Who else should Airbus be dealing with at AirAsia?
 
Antarius
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 7:57 pm

anshabhi wrote:
How exactly can you bribe a private company? The company is free to enter into any kind of business with it's partners right?
Is taxpayer money invested in AirAsia in any way?

AirAsia boss is founder and CEO, Tony Fernandes. Who else should Airbus be dealing with at AirAsia?


https://www.mofo.com/resources/insights ... sures.html

Air Asia is publicly traded in Malaysia. As a result,it is required to comply with MACC Provisions.
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ElroyJetson
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:01 pm

Maybe Malaysia is looking for their own settlement.
Last edited by ElroyJetson on Sun Feb 02, 2020 8:05 pm, edited 1 time in total.
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:04 pm

anshabhi wrote:
How exactly can you bribe a private company? The company is free to enter into any kind of business with it's partners right?
Is taxpayer money invested in AirAsia in any way?

AirAsia boss is founder and CEO, Tony Fernandes. Who else should Airbus be dealing with at AirAsia?


No.

The CEO is supposed to put the company's interests before personal interests, otherwise he is screwing the other shareholders. No doubt this would also breach loan covenants. Do you really think paying money into the CEO / founder's personal bank account is legal?
 
blueflyer
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:08 pm

dtw2hyd wrote:
How and why do you bribe a private carrier owner? New concept!!!

anshabhi wrote:
How exactly can you bribe a private company? The company is free to enter into any kind of business with it's partners right?

Both AirAsia and its AirAsiaX subsidiary are listed on the Malaysian stock exchange, they are not privately-held companies. Further, Tony Fernandes owns less than 40% of AirAsiaX, and that is including shares he owns directly, and shares owned by entities that he controls.

As such, Tony Fernandes and all other members of executive leaderships are expected to manage the companies in the best interest of all shareholders, not theirs personally. The moment a decision maker lets personal gains sway their decision (e.g. gaining a sponsor for a side project), there is a risk that they did not act on behalf of all their shareholders, and were motivated by self-interest. That is corruption.

Virgin or Orix would not have acquired significant shareholding in AirAsiaX if they thought fleet decisions would be based on the vendor's willingness to sponsor a project that had nothing to do with the carrier.
 
dtw2hyd
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:13 pm

blueflyer wrote:
As such, Tony Fernandes and all other members of executive leaderships are expected to manage the companies in the best interest of all shareholders, not theirs personally.


Poor Tony, he is being investigated by Malaysia(citizen) and India(origin and overseas citizen, misnomer, just a lifetime visa).
All posts are just opinions.
 
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Slug71
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:19 pm

Aesma wrote:
EADS sponsoring a F1 team is a bit strange for sure, but it's not the same thing as sending money to an account in the Caymans or something like that. As a follower of Formula 1 I was exposed to those ads, just like many other ads on F1 cars.


Nothing strange about it considering aviation and F1 has tons of aerodynamic work.
 
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TheFlyingDisk
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:42 pm

Slug71 wrote:
Aesma wrote:
EADS sponsoring a F1 team is a bit strange for sure, but it's not the same thing as sending money to an account in the Caymans or something like that. As a follower of Formula 1 I was exposed to those ads, just like many other ads on F1 cars.


Nothing strange about it considering aviation and F1 has tons of aerodynamic work.


It is strange if the team in question is a perennial backmarker like how the Caterham F1 team was during its short history in F1.

To put things into perspective, Virgin paid $30 million to sponsor Brawn during the same time - the difference is Brawn was a championship winning team.

Anyways, I honestly doubt this is going to go anywhere. This will give the government a leverage to have Tony take MH off their backs under their terms, not Tony's.

Plus AirAsia X's chairman is closely associated with the new regime, what with her being the former minister under the current PM's previous government & current ally of the new government.
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ikolkyo
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 8:47 pm

Yikes, that would be one hell of a bribe.
 
AngMoh
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Sun Feb 02, 2020 11:18 pm

Aesma wrote:
EADS sponsoring a F1 team is a bit strange for sure, but it's not the same thing as sending money to an account in the Caymans or something like that. As a follower of Formula 1 I was exposed to those ads, just like many other ads on F1 cars.


GE was sponsoring that same car... I don't think that was a coincidence.

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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 3:00 am

Air Asia stock is down 11% on the news of the corruption

https://finance.yahoo.com/news/airasia- ... 03324.html
 
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qf789
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 4:51 am

More details on when this bribe took place, the orders were for

55 Airbus A330neos unveiled in 2014 plus earlier agreements for 25 A330s, 64 A320neos and 36 A320s.


https://www.flightglobal.com/news/court ... 82.article
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ElroyJetson
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:20 am

qf789 wrote:
More details on when this bribe took place, the orders were for

55 Airbus A330neos unveiled in 2014 plus earlier agreements for 25 A330s, 64 A320neos and 36 A320s.


https://www.flightglobal.com/news/court ... 82.article



Per the article some pretty deep and systemic corruption. It looks like this is far from over for Airbus.
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:41 am

Fernandes was publicly toying with buying 787s. Will be interesting if the allegations pan out and if they did factor into the decision. Of course, it could have all been posturing to pressure a better deal from Airbus.

http://www.reuters.com/article/us-airas ... SKBN1FM0JS
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TheFlyingDisk
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 6:02 am

ClipperYankee wrote:
Fernandes was publicly toying with buying 787s. Will be interesting if the allegations pan out and if they did factor into the decision. Of course, it could have all been posturing to pressure a better deal from Airbus.

http://www.reuters.com/article/us-airas ... SKBN1FM0JS


Timing for this was not right. The alleged bribes took place in the early 2010s, which checks out because his F1 team was active from 2010 - 2014.
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ClipperYankee
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 6:17 am

TheFlyingDisk wrote:
ClipperYankee wrote:
Fernandes was publicly toying with buying 787s. Will be interesting if the allegations pan out and if they did factor into the decision. Of course, it could have all been posturing to pressure a better deal from Airbus.

http://www.reuters.com/article/us-airas ... SKBN1FM0JS


Timing for this was not right. The alleged bribes took place in the early 2010s, which checks out because his F1 team was active from 2010 - 2014.


Ah, very good. I stand corrected. Thank you.
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 6:25 am

ElroyJetson wrote:
qf789 wrote:
More details on when this bribe took place, the orders were for

55 Airbus A330neos unveiled in 2014 plus earlier agreements for 25 A330s, 64 A320neos and 36 A320s.


https://www.flightglobal.com/news/court ... 82.article



Per the article some pretty deep and systemic corruption. It looks like this is far from over for Airbus.


Yes I agree its far from over for Airbus. The A330neo was launched at Farnborough in 2014 and in December 2014 AirAsia had placed their order for the A330neo of which they are the biggest customer and Tony Fernandes was the one pushing Airbus from the front to launch it. The dots are starting to line up.
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DartHerald
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 10:07 am

Will a similar scandal be the next to hit Boeing? To me it defies credibility that one vendor would be offering money to middlemen etc. whilst the other doesn't. Both are selling in the same parts of the world and if corruption is endemic in those areas it's not unreasonable to suspect that it would affect both vendors. Perhaps it is the case that Boeing just haven't been caught yet!
 
VV
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 10:26 am

DartHerald wrote:
Will a similar scandal be the next to hit Boeing? To me it defies credibility that one vendor would be offering money to middlemen etc. whilst the other doesn't. Both are selling in the same parts of the world and if corruption is endemic in those areas it's not unreasonable to suspect that it would affect both vendors. Perhaps it is the case that Boeing just haven't been caught yet!


I think they have already been prosecuted for bribery in the past and they had learned their lesson.
You can probably Google "Boeing bribery".

The stake for Boeing if they bribe officials again is so huge that today they might prefer lose a contract than taking the risk to bribe anyone.

I can imagine some corrupt individuals could bribe officials to obtain a retro-bribery by some kind of collusion or a sharing-scheme of bribe. Even then today's transaction control would not allow such thing to happen.
However I have hard time imagining anything organized so extensively at corporate level.
Last edited by VV on Mon Feb 03, 2020 10:30 am, edited 1 time in total.
 
Etheereal
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 10:30 am

DartHerald wrote:
Will a similar scandal be the next to hit Boeing? To me it defies credibility that one vendor would be offering money to middlemen etc. whilst the other doesn't. Both are selling in the same parts of the world and if corruption is endemic in those areas it's not unreasonable to suspect that it would affect both vendors. Perhaps it is the case that Boeing just haven't been caught yet!

Well, they'd have to prove something first.

For the time being, this is an Airbus thread, so let's keep it Airbus only.
 
Weatherwatcher1
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 2:03 pm

ClipperYankee wrote:
Fernandes was publicly toying with buying 787s. Will be interesting if the allegations pan out and if they did factor into the decision. Of course, it could have all been posturing to pressure a better deal from Airbus.

http://www.reuters.com/article/us-airas ... SKBN1FM0JS


I wonder if the posturing was for a bribe before he ordered more A330neos than his airline had any need for.
 
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qf789
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 2:12 pm

Both Fernandes and Kamarudin are stepping down from AirAsia exec roles for 2 months to facilitate investigation, both deny any wrongdoings

https://twitter.com/avweekscho/status/1 ... 79073?s=21
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william
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 4:59 pm

qf789 wrote:
Both Fernandes and Kamarudin are stepping down from AirAsia exec roles for 2 months to facilitate investigation, both deny any wrongdoings

https://twitter.com/avweekscho/status/1 ... 79073?s=21



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enilria
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:02 pm

qf789 wrote:
Both Fernandes and Kamarudin are stepping down from AirAsia exec roles for 2 months to facilitate investigation, both deny any wrongdoings

https://twitter.com/avweekscho/status/1 ... 79073?s=21

Is the accusation that the bribe went to executives personal accounts or that Airbus paid the company a secret bribe to order the planes? Very different. The latter is hardly a bribe.
 
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william
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:04 pm

Why is the US involved? Was bribes offered to the US carriers? Would love to know what was offered to them though it would be hard to keep such bonuses off the books of a publicly traded company.
 
bgm
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:09 pm

ElroyJetson wrote:
Does not look good. I have always wondered why AIrAsia was so rabidly pro Airbus. I guess now we know.


Perhaps it's also because, like so many other operators, the A320 series fit the needs of the airline?
 
anshabhi
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:30 pm

blueflyer wrote:
dtw2hyd wrote:
How and why do you bribe a private carrier owner? New concept!!!

anshabhi wrote:
How exactly can you bribe a private company? The company is free to enter into any kind of business with it's partners right?

Both AirAsia and its AirAsiaX subsidiary are listed on the Malaysian stock exchange, they are not privately-held companies. Further, Tony Fernandes owns less than 40% of AirAsiaX, and that is including shares he owns directly, and shares owned by entities that he controls.

As such, Tony Fernandes and all other members of executive leaderships are expected to manage the companies in the best interest of all shareholders, not theirs personally. The moment a decision maker lets personal gains sway their decision (e.g. gaining a sponsor for a side project), there is a risk that they did not act on behalf of all their shareholders, and were motivated by self-interest. That is corruption.

Virgin or Orix would not have acquired significant shareholding in AirAsiaX if they thought fleet decisions would be based on the vendor's willingness to sponsor a project that had nothing to do with the carrier.



Did AirAsia board not approve these orders or what?
If the orders were approved by shareholder appointed board, then I fail to understand why Airbus giving anything to Tony Fernandez should be a matter of concern

Wooing your clients is a standard practice across all business domains. Some bankers even take their wealthy client's children to school lol. Would you call that corruption?
Last edited by anshabhi on Mon Feb 03, 2020 5:33 pm, edited 1 time in total.
 
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Momo1435
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:33 pm

william wrote:
Why is the US involved? Was bribes offered to the US carriers? Would love to know what was offered to them though it would be hard to keep such bonuses off the books of a publicly traded company.

The US is involved as this case also covers arms sales that would fall under their international arms sales regulations (ITAR). It doesn't seem to have anything to do with commercial sales to any US airline.

With the settlement they might have cleared themselves with the Europe, UK and the US, but it could still have effects in other countries that are involved, like Malaysia. It's possible that Airbus will still be excluded in military deals from these countries if the local investigations find enough dirt about these suspicious deals.
 
dtw2hyd
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:35 pm

Third world - Bribe
Europe = Gift
North America - Contribution

All are synonyms
All posts are just opinions.
 
anshabhi
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 5:40 pm

If suddenly such favors become bribes, then the entire government lobby industry is corrupt.
 
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FLALEFTY
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 6:14 pm

dtw2hyd wrote:
Third world - Bribe
Europe = Gift
North America - Contribution

All are synonyms


In the USA they are called "Incentives"...

I like the way Airbus is getting a pass by saying, "Yeah, we unwittingly made a horrible mistake with those gifts! We will just quit incentivizing our potential customers in the (near) future, Your Honor?" Judge: "Yes, I understand. It was just a temporary lapse in judgement. But please endeavor to behave yourselves in the future! Case dismissed!"

Meanwhile, Trump is probably telling Boeing that ,"Incentives to get foreign orders is in the national interest! Make Boeing Great Again!"
Last edited by FLALEFTY on Mon Feb 03, 2020 6:16 pm, edited 1 time in total.
 
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Revelation
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 6:15 pm

enilria wrote:
qf789 wrote:
Both Fernandes and Kamarudin are stepping down from AirAsia exec roles for 2 months to facilitate investigation, both deny any wrongdoings

https://twitter.com/avweekscho/status/1 ... 79073?s=21

Is the accusation that the bribe went to executives personal accounts or that Airbus paid the company a secret bribe to order the planes? Very different. The latter is hardly a bribe.

The accusation is in the thread starter's link:

The SFO’s allegations concern a 2012 sponsorship agreement between the now-defunct Caterham Formula 1 racing team, founded by AirAsia boss Tony Fernandes, and Airbus’s then-parent, EADS.

The SFO said on Friday that between October 2013 and January 2015, EADS paid $50 million to sponsor Caterham, which was jointly owned by two people described as AirAsia Executive 1 and Executive 2. It said Airbus employees offered an additional $55 million, though no payment was made.

Fernandes bought Caterham together with his partner Kamarudin Meranun, AirAsia’s chairman, in 2011. Fernandes and Kamarudin could not immediately be reached for comment.

The SFO said that Executives 1 and 2 were “key decision makers in AirAsia and AirAsia X, and were rewarded in respect of the order of 180 aircraft from Airbus”.

“The payments to the sports team were intended to secure or reward improper favor by them in respect of that business.”


So Airbus pumped $50M into the racing team (and offered to pump in another $55M) which was a direct benefit to Fernandes and Kamarudin, and in turn Airbus got orders for 180 aircraft.

anshabhi wrote:
If suddenly such favors become bribes, then the entire government lobby industry is corrupt.

True, but off topic.
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AEROFAN
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 7:01 pm

In such a situation, do the orders previously placed become null and void? Do they have to put out a new RFP for aircraft?
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ikolkyo
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 7:58 pm

If this comes out to be it true it makes you wonder if there is anyone else with Airbus bribes, perhaps Indigo and other similar airlines.
 
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:08 pm

Revelation wrote:
enilria wrote:
qf789 wrote:
Both Fernandes and Kamarudin are stepping down from AirAsia exec roles for 2 months to facilitate investigation, both deny any wrongdoings

https://twitter.com/avweekscho/status/1 ... 79073?s=21

Is the accusation that the bribe went to executives personal accounts or that Airbus paid the company a secret bribe to order the planes? Very different. The latter is hardly a bribe.

The accusation is in the thread starter's link:

The SFO’s allegations concern a 2012 sponsorship agreement between the now-defunct Caterham Formula 1 racing team, founded by AirAsia boss Tony Fernandes, and Airbus’s then-parent, EADS.

The SFO said on Friday that between October 2013 and January 2015, EADS paid $50 million to sponsor Caterham, which was jointly owned by two people described as AirAsia Executive 1 and Executive 2. It said Airbus employees offered an additional $55 million, though no payment was made.

Fernandes bought Caterham together with his partner Kamarudin Meranun, AirAsia’s chairman, in 2011. Fernandes and Kamarudin could not immediately be reached for comment.

The SFO said that Executives 1 and 2 were “key decision makers in AirAsia and AirAsia X, and were rewarded in respect of the order of 180 aircraft from Airbus”.

“The payments to the sports team were intended to secure or reward improper favor by them in respect of that business.”


So Airbus pumped $50M into the racing team (and offered to pump in another $55M) which was a direct benefit to Fernandes and Kamarudin, and in turn Airbus got orders for 180 aircraft.



Sounds more like a quid pro quo than an outright bribe.
 
Antarius
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:13 pm

AEROFAN wrote:
In such a situation, do the orders previously placed become null and void? Do they have to put out a new RFP for aircraft?


I don't believe they do by default. The board and leadership can conduct a review and potentially terminate the deal if needed, however I don't think they are forced to.

The a330neo is a great aircraft, and one that fits their needs, so even after review it wouldn't surprise me if they did the same thing again. It isn't like they ordered Ilyushins or something.
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marcelh
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:13 pm

ikolkyo wrote:
If this comes out to be it true it makes you wonder if there is anyone else with Airbus bribes, perhaps Indigo and other similar airlines.

Yes, we have to look at Emirates. Buying 100+ copies of a plane the rest of the world is dumping already.....
 
Antarius
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:15 pm

ikolkyo wrote:
If this comes out to be it true it makes you wonder if there is anyone else with Airbus bribes, perhaps Indigo and other similar airlines.


I think we know there will be more. That's why they settled with the EU and US regulators even before this news broke.
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ikolkyo
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:21 pm

marcelh wrote:
ikolkyo wrote:
If this comes out to be it true it makes you wonder if there is anyone else with Airbus bribes, perhaps Indigo and other similar airlines.

Yes, we have to look at Emirates. Buying 100+ copies of a plane the rest of the world is dumping already.....


I only bring up Indigo and AirAsia because their order books are absolutely mind boggling. They gave atleast 1000 aircraft on order between them.
 
9Patch
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:31 pm

ILNFlyer wrote:
Sounds more like a quid pro quo than an outright bribe.

Sounds like a difference without a distinction.
 
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Revelation
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:38 pm

ILNFlyer wrote:
Revelation wrote:
The accusation is in the thread starter's link:

Fernandes bought Caterham together with his partner Kamarudin Meranun, AirAsia’s chairman, in 2011. Fernandes and Kamarudin could not immediately be reached for comment.

The SFO said that Executives 1 and 2 were “key decision makers in AirAsia and AirAsia X, and were rewarded in respect of the order of 180 aircraft from Airbus”.

“The payments to the sports team were intended to secure or reward improper favor by them in respect of that business.”


So Airbus pumped $50M into the racing team (and offered to pump in another $55M) which was a direct benefit to Fernandes and Kamarudin, and in turn Airbus got orders for 180 aircraft.

Sounds more like a quid pro quo than an outright bribe.

That's why I extended the quote to include the "improper favor" part.
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dtw2hyd
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 8:58 pm

Malaysia will have tough time proving anything without the cooperation from UK-SFO or other investigative agencies, which they never going to get under settlement terms with Airbus.

Even if Malaysia moves European courts, they will take several years. EU judiciary stance on Euro gifts is never clear.

Eight year old alleged crime, Malaysia can try for another eight years and give up.
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ZEDZAG
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Re: Airbus under new Malaysia Investigation for bribing AirAsia

Mon Feb 03, 2020 9:36 pm

qf789 wrote:
More details on when this bribe took place, the orders were for

55 Airbus A330neos unveiled in 2014 plus earlier agreements for 25 A330s, 64 A320neos and 36 A320s.


https://www.flightglobal.com/news/court ... 82.article



Logicaly, this has nothing to do with 330neo.

Both Airbus and GE started sponsoring Caterham in 2012, and guess what, that just happend after AirAsia ordered 200+ 320neo CFM powererd at the end of 2011.

In 2010 and 2011 team Caterham was racing as Lotus racing, and was later renamed because dispute with Lotus Renault, and Lotus racing team did not wear any sponsorships from Airbus nor GE.
Tony Fernandes was CEO of both Teams.

If this was a "bribe" it involved this three parties. Just as others noted I dont think that someone can bribe a private company, as this was rather a business at "mutual satisfaction".

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