On debt funding, AirAsia CEO Tan Sri Tony Fernandes said: “A certain portion of debt would be eligible for the government guarantee loan under the Danajamin Prihatin Guarantee Scheme in Malaysia."
PETALING JAYA: AirAsia Group Bhd is sanguine that early signs of a recovery is on the horizon even as it secured the support of necessary stakeholders to ensure its survival.
“The board is confident of the successful continuation of the business, in conjunction with the actions undertaken by the governments of the operating entities, outcome of ongoing discussions with financial institutions and investors to obtain the required funding, and the implementation of management’s action plans in response to the conditions, ” AirAsia said in a statement.
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