AirAsia obtains RM1 billion loan

Updated 1 year ago · Published on 13 Oct 2020 11:00AM · 2 Comments

AirAsia is suffering like many airlines worldwide from the travel bans imposed because of the Covid-19 pandemic. – EPA pic, October 13, 2020.

PUTRAJAYA has extended an RM1 billion loan to AirAsia, as the low-cost carrier struggles with the fallout from Covid-19, reports Nikkei Asia.

A consortium of local bankers will disburse the loan under the government’s Prihatin economic stimulus package, said the business daily, with the Finance Ministry guaranteeing 80% of the amount.

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Comments

  • With gov guarantee sumore. Nice.

    Posted 1 year ago by Sameon says...

  • Govt guarantee means tqx payers money lah

    Posted 1 year ago by H. Mokhtar