On December 28th 2014, flight crew of the Airbus A320 plane requested a deviation to their flight path citing weather conditions as their reason. The crew were reportedly denied their change of flight path over the Java Sea and remained on course for what appears to be a final flight into treacherous weather.

But in hindsight, the ever present questions begin to arise; one of them asking ‘is there such thing as a coincidence?’ [1]

There are several coincidences. The downing of the other flights in 2014, MH370 in March and Malaysian Airlines Flight 17 over the Ukraine: all have questions above their titles. But it isn’t this coincidence alone, the obvious one; that tempts the mind to draw theories of foul play. There are more questionable actions arising from the latest aviation disaster which has left the world speechless, short of “not another one down.”

Tony Fernandes, CEO of AirAsia, who introduced the low budget airline with the “Now everyone can fly” tagline, is under scrutiny for his massive dump of AirAsia shares a week before the disaster. As the search continues for missing flight QZ8501,it has been noted that Fernandes sold 850000 shares on December 22nd and a further 94800 on the 23rd. Following the ‘crash’ shares slumped (expectantly) a large 7 percent in value. The subsidiary airline that is 49 percent owned by AirAsia Malaysia marks the first aviation disaster for the airlines, but how far can a coincidence stretch?

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At the time of this writing, 30 bodies have said to be recovered; found floating in the Java Sea, but none direct from the aircraft they are yet to locate. Tony Fernandes, an avid tweeter is said to be playing an active role in the investigations, stating that this is his worst nightmare come true. Earlier this year, AirAsia also claimed in their in-flight magazine that their . Since the downing of flight QZ8501 the magazine has been reportedly withdrawn. With a hypothesis that the aircraft is now at the bottom of the ocean, only time will tell what coincidences can be accounted for.
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[1] Kotarumalos, A, Mason, M. The Associated Press. (28 December 2014) Indonesian official says AirAsia flight QZ8501 believed to have crashed at sea http://globalnews.ca/news/1745571/ai...th-162-aboard/(Retrieved 4 January 2015)

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AirAsia group chief executive officer Tan Sri Tony Fernandes' investment vehicle Tune Group Sdn Bhd has sold a total of 944,800 shares in Tune Insurance Holdings Bhd.

According to a filing with Bursa Malaysia, some 850,000 shares were sold on December 22 and an additional 94,800 shares the day after. All shares were sold at RM1.60 each.

Tune Insurance share price has been on a decline since early August, falling from RM2.50 to a low of RM1.56 two weeks ago. The stock jumped 11 sen, or 6.67%, to RM1.76 today with 1.08 million shares traded.

After the latest share sales, Tune Group still holds 128.37 million shares, or a 17.08% stake, in the insurance group.

Meanwhile, Fernandes, who is the non-independent, non executive director, still holds a 30.73% indirect stake and a 0.01% direct stake in Tune Insurance. – The Edge Markets, December 26, 2014.

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Shares (Berlin: DI6.BE - news) in AirAsia (Kuala Lumpur: 5099.KL - news) , Southeast Asia's biggest budget airline, lost more than seven percent in morning trading on Monday in Kuala Lumpur after one of its jets disappeared with 162 people on board.

The firm slumped 12 percent to 2.60 ringgit at the open but recovered slightly to sit at 2.72 ringgit, still down 7.48 percent, by 0215 GMT.

The Airbus jet disappeared en route from Surabaya in Indonesia's east Java to Singapore after the crew requested a change of flight plan due to stormy weather.

However, Shukor Yusof, founder of aviation research firm Endau Analystics told AFP investors and creditors will remain firmly behind AirAsia and its CEO Tony Fernandes, who transformed a floundering carrier into Asia's most successful budget airline.

"The market reaction is quite natural. I am not surprised," he told AFP, adding: "I think investors confidence will return quickly since the airline has a solid business model."

Indonesia resumed a sea and aerial search at dawn Monday for the Airbus A320-200 plane that went missing in the Java Sea Sunday morning.

Five aircraft will be sent to search for the plane, including two C-130 military transport aircraft and a Boeing (NYSE: BA - news) 737, Indonesian air force spokesman Hadi Cahyanto told AFP.

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