AIR Airbus SE

   By Yi Wei Wong 
 

AirAsia Group Bhd. (5099.KU) shares fell as much as 9.8% on Monday after allegations that it accepted a $50 million bribe from Airbus SE (AIR.FR) to sponsor a sports team owned by two AirAsia executives.

"AirAsia never made purchase decisions that were premised on an Airbus sponsorship," the Malaysian airline said in a statement on Sunday.

U.K. prosecutors had alleged that $50 million was paid to AirAsia to secure orders for 180 aircraft.

AirAsia shares fell 9.8% to MYR1.29, their lowest level since January 2017.

Write to Yi Wei Wong at yiwei.wong@wsj.com

(END) Dow Jones Newswires

February 02, 2020 21:43 ET (02:43 GMT)

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