AirAsia in talks with govt over potential funding support, sources say
Conditions for the funding remain under discussion following a meeting between co-founder Tony Fernandes and finance ministry officials.
AirAsia co-founder Tony Fernandes met with officials from Malaysia's finance and transport ministries to discuss potential government support for the country's largest low-cost airline. The talks, which focused on aviation-related costs such as airport charges and fuel, reflected growing government concerns about AirAsia's financial health following a spike in jet fuel prices.
Fernandes said no discussions on financial assistance had taken place, and he was confident the airline could navigate the situation without state assistance. AirAsia's shares fell as much as 21% to near four-year lows following the meeting.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
