‘Ludicrous Statement’: AirAsia Co-Founder Tony Fernandes Refutes Report Claiming It Needs Government Bailout

AirAsia denies bailout, Fernandes calls claims ‘ludicrous’

AirAsia co-founder Tony Fernandes dismissed bailout reports and government contingency talks, calling the claims ‘ludicrous’.

AirAsia's Fernandes refutes financial concerns, points to new growth plans

AirAsia's Tony Fernandes pushed back against a report raising concerns over the airline’s financial health, while signaling plans to resume growth.

Fernandes rubbishes claims AirAsia needs government aid

KUALA LUMPUR: AirAsia co-founder Tan Sri Tony Fernandes has rubbished claims that the low-cost carrier is relying on government assistance to weather its financial difficulties, insisting that there have been no discussions with Putrajaya on a rescue or bailout.

Fernandes shoots down talk of govt bailout for AirAsia

The airline’s co-founder says it has never sought government aid, and is seeking US$1 billion to refinance loans, not US$3 billion in fresh capital.

‘We do not need rescue’: AirAsia's Fernandes denies reports on Malaysian government seeking rivals’ help

The airline can withstand fuel cost spikes as its current crisis is less severe than Covid, he adds Read more at The Business Times.