AirAsia seeking govt loan
AIRASIA Group Bhd may have enough cash to last them for most of 2020 but it is currently seeking out a loan from the Malaysian government to cushion the impact from the challenging economic environment.
The low cost carrier’s chief executive officer Tan Sri Tony Fernandes(pic) said there was no need for bailouts and what most airlines were looking for were loans.
“We think the cash will last us for the most part of this year and when the sales return, then we’re okay.
“It’ll be great to get a loan as well and we’re working on that with our government. We think liquidity is available in Malaysia and Thailand, ” he told Bloomberg Markets in an interview.
Read full story: thestar.com.my
Posted: 3 Apr 2020 19:56:55