Tony Fernandes, Kamarudin Meranun to deal in AirAsia X securities

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KUALA LUMPUR (Jan 25): AirAsia X Bhd said Tan Sri Tony Fernandes and Datuk Kamarudin Meranun intend to deal in the budget airline's securities during the company's closed period prior to its fourth quarter results announcement. 

In a filing with Bursa Malaysia, AirAsia X said Fernandes and Kamarudin are non-independent executive directors in the company. Kamarudin is AirAsia X group chief executive officer (CEO), while Fernandes is co-group CEO, according to AirAsia X. 

AirAsia X said Fernandes and Kamarudin intend "to deal in the securities of AAX (AirAsia X) during the closed period", ahead of the company's fourth quarter results announcement for the financial year ended Dec 31, 2017 (FY17).

Today, AirAsia X shares were traded at 39.5 sen at 10:28am, for a market capitalisation of RM1.64 billion. The stock saw some six million shares traded.