Malaysia’s AirAsia Group expects fundraising clarity next month, eyes recovery by 2023

KUALA LUMPUR : Malaysian budget airline AirAsia Group Bhd expects more clarity on its fundraising efforts, including a government-guaranteed loan, by the end of March, its group chief said on Monday.

Chief Executive Officer Tony Fernandes said the airline was working towards obtaining approval for the loan under a government-guarantee scheme within the next month.

“Concurrently, we have positive ongoing discussions for other fundraising support measures in many of our key markets such as Thailand, Indonesia and the Philippines,” he said in a statement.