Malaysia's AirAsia says review cleared Airbus sponsorships

Malaysia’s AirAsia Group Bhd said on Friday that the internal inquiry into corruption allegations by Britain’s Serious Fraud Office (SFO) has found that its procurement process with Airbus was robust and justifiable. In a filing to the stock exchange, the airline said the sponsorship of a sports team by Airbus was disclosed to and supported by the Board of Directors of AirAsia Bhd (AAB), the name AirAsia Group was then known by, at the relevant time. …read more

Source:: Yahoo Finance

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