KUALA LUMPUR, April 2 — AirAsia was negotiating for loans instead of an outright bailout from the federal government, co-founder Tan Sri Tony Fernandes has revealed.
As of the end of 2019, AirAsia reportedly had RM2.2 billion in reserves, with Fernandes suggesting the airline’s regional subsidiaries would also seek loans from the countries where they are based. “Looking at the government, their efforts are for the people and the ones most in need and I think we are going industry by industry.
When prodded on the possibility of a merger between AirAsia and Malaysian Airlines, Fernandes ruled this out for the near future but was open to this at a later stage if this could be profitable.
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