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 discussed potential government support with Malaysian officials, focusing on aviation-related costs rather than financial assistance. The talks came amid rising jet fuel prices, which have impacted the airline's financial health. Fernandes met with the finance and transport ministries two weeks ago, but confirmed no discussions on financial aid.
He expressed confidence in AirAsia's ability to manage the situation without state intervention, while open to accepting help if offered. AirAsia's shares experienced a significant drop following the meeting, reflecting growing concerns about the airline's financial position.
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.
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