Malaysia weighing how to aid AirAsia without risking public funds: Anthony Loke
AirAsia controls about 60 per cent of Malaysia’s domestic aviation market but is grappling with high fuel prices, currency swings and billions of ringgit in liabilities.
Malaysia is considering ways to support AirAsia without risking public funds, according to Anthony Loke, who recently resigned as the nation's transport minister. AirAsia, a private company controlling about 60% of Malaysia's domestic aviation market, is facing challenges due to high fuel prices, currency fluctuations and significant liabilities.
Loke clarified that the government will not provide direct financial aid to the airline, emphasizing that any support would have to be formal and regulated. The finance ministry, not the transport ministry, is still evaluating various options to help AirAsia while maintaining air connectivity, which is crucial for the economy.
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Also reported by 1 other outlet
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