Business AirAsia CEO Fernandes and chairman step aside as Airbus bribery allegations probed Updated : February 05, 2020 08:51 AM IST Senior company executive Tharumalingam Kanagalingam will be the acting CEO, with the changes effective immediately. In a joint statement, Fernandes and Kamarudin denied any allegations of wrongdoing or misconduct as directors of AirAsia. TA Securities downgraded AirAsia Group stock to "sell" from "buy". Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.