Malaysia weighing how to aid AirAsia without risking public funds: ex-transport minister
Airline hit by high fuel costs and currency swings
Malaysia is determining how to aid AirAsia without resorting to public funds, according to Anthony Loke, the former transport minister who resigned recently. The finance ministry is still considering different options to financially assist the Southeast Asia's largest low-cost airline as it faces high jet fuel prices and currency fluctuations, Loke indicated to Reuters, referencing cabinet discussions.
Unlike Malaysia Airlines, which is state-owned, AirAsia is a private company, and any support would need to be structured formally, Loke explained. The government will not simply inject money into the company. Loke declined to disclose specifics about the options being evaluated and said that Prime Minister Anwar Ibrahim, who is also finance minister, would make the final decision on any conditions.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their 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.
- Malaysia Airlines calls for level playing field if AirAsia gets aid freemalaysiatoday.com
- Malaysia Airlines calls for level playing field if AirAsia gets aid businesstimes.com.sg
