AirAsia in talks with Malaysian government over potential funding support, sources say
HONG KONG: AirAsia co-founder Tony Fernandes met with officials from Malaysia’s finance ministry two weeks ago to discuss potential government support for Southeast Asia’s largest low-cost airline, said three people with knowledge of the matter. The talks reflect growing government concerns about the financial health of the country’s largest domestic carrier following a spike in jet fuel prices,…
AirAsia, Southeast Asia's largest low-cost airline, is reportedly in talks with the Malaysian government over potential funding support, according to sources cited by Business Recorder. The discussions come as the airline faces soaring jet fuel costs, which have surged by 66% in the second quarter following the US-Israeli war on Iran.
Tony Fernandes, AirAsia's co-founder and adviser, met with officials from Malaysia's finance and transport ministries two weeks ago to discuss the potential government backing for the airline's fundraising efforts, contingent on certain conditions. However, Fernandes clarified in an interview with Reuters that no formal discussions on financial assistance have taken place, emphasizing that the airline remains confident in navigating the current situation without state assistance.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
