Very interesting story here and it may not at all be related, but one does have to question whether or not CEO Tony Fernandes had prior knowledge this would happen.
He dumped 850,000 shares on December 22, and another 94,800 shares on December 23 of stock in Tune Insurance Holdings Bhd, which owns AirAsia.
Of course, the stock prices have fallen one the first day of trading since the disappearance. One has to wonder how much money he just saved himself from losing.
I’d love to hear his comment as to why he decided to dump so much of his shares….