Airasia CEO Sold 944,000 Shares Days Before Flight QZ8501 Disappeared

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On December 28th 2014, flight crew of the Airbus A320 plane requested a deviation to their flight path citing weather conditions as their reason. The crew were reportedly denied their change of flight path over the Java Sea and remained on course for what appears to be a final flight into treacherous weather.

But in hindsight, the ever present questions begin to arise; one of them asking ‘is there such thing as a coincidence?’ [1]

There are several coincidences. The downing of the other flights in 2014, MH370 in March and Malaysian Airlines Flight 17 over the Ukraine: all have questions above their titles. But it isn’t this coincidence alone, the obvious one; that tempts the mind to draw theories of foul play. There are more questionable actions arising from the latest aviation disaster which has left the world speechless, short of “not another one down.”

Tony Fernandes, CEO of AirAsia, who introduced the low budget airline with the “Now everyone can fly” tagline, is under scrutiny for his massive dump of AirAsia shares a week before the disaster. As the search continues for missing flight QZ8501, it has been noted that Fernandes sold 850000 shares on December 22nd and a further 94800 on the 23rd. Following the ‘crash’ shares slumped (expectantly) a large 7 percent in value. The subsidiary airline that is 49 percent owned by AirAsia Malaysia marks the first aviation disaster for the airlines, but how far can a coincidence stretch?

Watch the YouTube Video below to hear more:

At the time of this writing, 30 bodies have said to be recovered; found floating in the Java Sea, but none direct from the aircraft they are yet to locate. Tony Fernandes, an avid tweeter is said to be playing an active role in the investigations, stating that this is his worst nightmare come true. Earlier this year, AirAsia also claimed in their in-flight magazine that their well-trained pilots will never lose a plane. Since the downing of flight QZ8501 the magazine has been reportedly withdrawn. With a hypothesis that the aircraft is now at the bottom of the ocean, only time will tell what coincidences can be accounted for.

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[1] Kotarumalos, A, Mason, M. The Associated Press. (28 December 2014) Indonesian official says AirAsia flight QZ8501 believed to have crashed at sea http://globalnews.ca/news/1745571/airasia-jet-lost-in-stormy-weather-over-indonesia-with-162-aboard/ (Retrieved 4 January 2015)

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6 COMMENTS

  1. well trained pilots will never loose a plane/now one pilot and an F/O who w’d never pass a random drug test before his flights,lost a plane.It is not only the flightcrews,its the chief pilots,flightinstructors, groundinstructors,Avionic inspectors , engine inspectors, ground ramp crew , ground assistance personel,Dispatchers,Ramp mechanics/avioncstechnicians, general work attitude ,it is a DEAD SERIOUS BUSINESS/INDUSTRY. …. last but not least = CEO Tony Fernandez ! Air Asia can survive ,take managment guys from EUROPE or USA

    • Your comment seems to be on course. Rather than consider some foul play by CEO Fernandez, we might consider that he was in a position to know that the combination of poorly skilled employees at every level, from the pilots on down, was a fatal combination indeed, and so he dumped his stock. Prophetic and insightful, he saved himself from a big loss.

  2. yes,
    that’s a situation that makes you say,hmm. just like the owner of the twin towers taking out a major insurance policy right before 9/11, inside knowledge or a set up fore insurance fraud? just wait till other things start happening.

  3. coincidence maybe, maybe not, however you added nothing to this topic of interest. Or actual relevance if i or anyone else wanted to know that information it can easily be found, and when publishing shite like this and remaining anonomyous, is itself injustice. Remember people who support social justice arnt all just sheeple, cheers have a good day,
    Im not a spammer, thanks though for requireing me to tick the box. I feel freedom now. And it feels useless without ownership, it aint free.

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