Business · 10 hours ago
AirAsia Holds Talks With Malaysia Over Funding Support
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AirAsia co-founder Tony Fernandes met Malaysian finance ministry officials to discuss possible government backing for the struggling budget airline, Reuters reports, citing three sources. AirAsia has been hit hard by soaring jet fuel prices linked to the Iran war and posted a big quarterly loss. Fernandes insists the talks covered airport and fuel costs, not a bailout. The airline's shares fell about 5% on Monday.
Reported by The Straits Times (Reuters) · How we write briefs