AirAsia taking all necessary steps to address financial troubles, Fernandes says

AirAsia Group Berhad chief executive officer Tony Fernandes says the company will regularise its financial position following its failed bid to secure an extension of the relief period from a Practice Note 17 classification. – The Malaysian Insight file pic, January 14, 2022.

AIRASIA Group Berhad (AirAsia) is in the midst of formulating a plan to regularise its financial condition in order to address its Practice Note 17 (PN17) status and relevant announcements will be made in due course.

Group chief executive officer Tony Fernandes said AirAsia’s robust and diverse company portfolios will allow it to fast track the regularisation of its financial position and has affirmed the strong viability of its business moving forward.

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