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Tan Sri Tony Fernandes said of this debt funding, a certain portion would be eligible for the government guarantee loan under the Danajamin PRIHATIN Guarantee Scheme in Malaysia.

KUALA LUMPUR: AirAsia Group Bhd, which plans to shore up its liquidity to ensure sufficient cashflow, has received support from certain financial institutions for its funding request of more than RM1bil.

Its CEO, Tan Sri Tony Fernandes said of this debt funding, a certain portion would be eligible for the government guarantee loan under the Danajamin PRIHATIN Guarantee Scheme in Malaysia.

“Other than Malaysia, our Philippine and Indonesia entities are currently in various stages of bank loan applications.

“In the Philippines, we have applied for the government guaranteed loan under the Philippine Economic Stimulus Act (PESA), with an expected positive outcome, ” he said in a statement.

https://www.thestar.com.my/business/business-news/2020/07/09/airasia-get-banks-nod-for-rm1b-funding
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