Fernandes says met Finance, Transport Ministries, but insists AirAsia doesn't need govt rescue
The low-cost carrier is in financial trouble due to sky-high jet fuel costs.
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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- AirAsia in talks with govt over potential funding support, sources say freemalaysiatoday.com
