Finance Ministry says no commitment to bail out AirAsia
KUALA LUMPUR, Oct 20 — The Finance Ministry (MoF) has not made any commitment to provide financial assistance to A...
On October 20, the Finance Ministry (MoF) in Malaysia clarified that it has not committed to bailing out AirAsia Bhd. The ministry emphasized that any financial assistance, such as guarantees, loans, or public funds, would be granted based on national interests, fiscal sustainability, and the protection of public funds, as per existing laws and procedures.
The MoF also stated that it would refrain from commenting on media speculation to prevent market disruptions and protect the interests of stakeholders. This response came to address a query from Datuk Seri Wee Ka Siong (BN-Ayer Hitam) regarding potential government support for AirAsia. The ministry acknowledged concerns related to AirAsia's financial losses, primarily due to soaring jet fuel prices caused by the West Asia conflict.
The government has been engaging with industry players across sectors to gather input amid the West Asia crisis. Following a Bernama report on September 19, AirAsia maintained its confidence in liquidity and business sustainability.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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