After Airbus bribery claims, Air Asia shares bumped by Mahathir – dpa international

Tony Fernandes of Air Asia at the World Economic Forum in Myanmar n mid-2013 (Simon Roughneen)

KUALA LUMPUR — Shares in budget airline Air Asia rebounded to 1.25 ringgit (0.30 dollars) after comments on Thursday by Malaysian Prime Minister Mahathir Mohamad about recent bribery allegations involving aircraft maker Airbus. Mahathir, 94, said that it was “normal” in deal-making to ask for an “offset” and that such arrangements were not corrupt unless money was taken for personal use. “Whether you consider an offset as bribery, it is up to you,” Mahathir told reporters after a meeting at the Education Ministry. Shares in the Malaysia-based airline, a household name across Asia, dropped from 1.41 to 1.13 ringgit on Wednesday after it was caught up in allegations that Toulouse-based Airbus bribed its officials to secure aircraft sales.