AirAsia's Cozy Deals With Airbus in Focus With Fernandes Exit.

"AirAsia is clearly a major Airbus customer", said Sash Tusa, an aerospace and defense analyst at Agency Partners in London. Fernandes and Meranun, together with Nasarudin Nasimuddin, chairman of car assembler Naza Group, founded the Caterham Formula One Team in motor racing in 2009, later counting Airbus among its sponsors. Four days later, an AirAsia executive emailed a senior Airbus employee saying that "instead of sponsorship we want to put it as a grant", according to the prosecutors. [Extracted from the article]