KUALA LUMPUR: Malaysian budget carrier AirAsia on Thursday said it was in talks to secure financing of more than 1 billion ringgit , a day after its auditor cast doubt on its ability to continue as a going concern due to the coronavirus-led travel slump.
The carrier’s Philippine and Indonesia entities are currently in various stages of applications for a bank loan, he said.In the Philippines, AirAsia has applied for the government-guaranteed loan under the Philippine Economic Stimulus Act , with an expected positive outcome. In this regard he said, the formation and discussion of “travel bubbles” and “green lanes” with key economic partners with a low infection rate and proven pandemic curbing systems, is a step in the right direction.
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