AirAsia CEO Dumped Shares Days Before Flight Disappeared


By Paul Joseph Watson
Prison Planet

AirAsia CEO Tony Fernandes dumped 944,800 shares in Tune Insurance Holdings Bhd, the organization that provides travel insurance for AirAsia passengers, just days before the disappearance of Flight QZ8501.

On December 26, the Malaysian Insider reported that Fernandes, the founder of Tune Group Sdn Bhd which owns AirAsia, had sold a total of 944,800 shares in Tune Insurance Holdings Bhd, with 850,000 shares being dumped on December 22, and the other 94,800 being sold the day after.

According to its official website, Tune Insurance Holdings Bhd is “an insurance product manager” for AirAsia in which “insurance products are sold to (AirAsia) customers as part of their online booking process.”

The share prices of AirAsia and Tune Insurance Holdings both fell on the first day of trading after the disappearance of Flight QZ8501, with the former shedding 12.9 percent at one point. Tune Insurance Holdings lost 0.6%.

Fernandes decision to dump the shares less than a week before AirAsia Flight QZ8501 disappeared over the Java Sea prompted some to speculate that he may have had prior knowledge of the incident.

“Did Fernandes know his company stock was about to take a hit? The timing is suspicious,” asks Heavy.com, adding, “If so, it indicates knowledge of an impending attack on AirAsia.”

The International Business Times adds that the move has prompted many to voice the theory that Fernandes, “possibly knew about an impending attack on one of the company’s aircraft.”

The story bears some similarity to the unusual market activity in airline stocks that preceded the September 11, 2001 terror attacks. An “extraordinary” amount of ‘put options’ – speculation that a stock price will fall – were placed on United and American Airlines in the days leading up to 9/11.

As we reported earlier, one of the other main unanswered questions surrounding the incident is why a Chinese blogger urged people to avoid AirAsia flights less than two weeks before the disappearance of Flight QZ8501.

Some say the posts, which were made on Chinese social media site Weibo, are a startling indication of prior knowledge whereas others claim the posts were deceptively edited after the crash of Flight QZ8501 to create the impression that its disappearance had been predicted ahead of time.

avatar
After years of research and a series of unpleasant experiences concerning the current child protection services system, Alec Cope decided to combat the cancerous corruption through information. Freelance writing articles as a form of protest and distributing them throughout his former high-school and local area, Alec struck special chords with whomever he was in contact with.

Alec has been involved in activism such as sit down protests as well as Idle No More gatherings. Being independent for the majority of his time, Alec became a member of the WeAreChange family to assist one of the organizations that inspired him to become active in the first place. With a larger platform and positive support Alec has committed the majority of his time to research, writing, and maintaining social media with the goal to continue expanding the awakening sweeping throughout all levels of society.

Growing up within a rural area in Northern Michigan as well as being a native American descendant, Alec is seeking to expose environmental abuse in his state as well as globally. A high-school dropout, Alec chases his passion for writing and empowering individuals while showing any isolated person that they too can overcome the odds with a community that will support them. Alec lives in the lower peninsula of Michigan near Kalamazoo.

http://www.facebook.com/alec.cope.75

alecope8@gmail.com

https://www.twitter.com/AlecCope

http://www.pinterest.com/aleccope75/

Pin It on Pinterest

Share This
logo1

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!