Business · 2 hours ago
Malaysia asks rival airlines to absorb AirAsia's market share
Malaysia's government is evaluating contingency plans for AirAsia, asking Malaysia Airlines and Batik Air if they could take on its domestic market share. Growing concerns over AirAsia's financial health have prompted the company to attempt to secure up to $1 billion through debt financing. AirAsia, Southeast Asia's largest low-cost airline, posted an 831 million ringgit net loss in the second quarter.
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