Malaysia has made no commitment to provide financing support to AirAsia, ministry says
KUALA LUMPUR: Malaysia has made no agreement or commitment to provide financial assistance to budget airline operator AirAsia, the finance ministry said, though it acknowledged concerns over the carrier’s financial health following a jump in jet fuel prices.
Malaysia has not committed to providing financial assistance to AirAsia, despite concerns over the carrier's financial health following a jump in jet fuel prices, according to the finance ministry. The ministry acknowledged the airline's significant role in the aviation sector, accounting for a large portion of passenger movements and maintaining air connectivity in Sabah and Sarawak states.
The government is regularly engaging with aviation players and seeking views from industry and technical experts, as well as other economic sectors affected by the Middle East crisis. However, no agreement or commitment to provide financing support to AirAsia has been made to date.
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