Was Tony trying to spin again?

“Tan Sri Tony Fernandes has denied that AirAsia benefited from the RM249 mil in Government subsidies paid to Fly Asian Xpress (FAX) for rural air service operations four years ago. Fernandes said that although the shareholders of FAX were similar to AirAsia, they ended up losing almost RM5 mil of shareholder capital owing to the wind-up costs of FAX.” Read HERE for full report. Was the report the truth of the situation or another spin by Tan Sri Tony Fernandes?