AirAsia in Talks Over Government Funding Support
AirAsia co-founder Tony Fernandes met with Malaysian officials to discuss potential government support as soaring jet fuel prices pressure the carrier's finances. The airline insists it can navigate the situation without state assistance.
AirAsia co-founder Tony Fernandes met with officials from Malaysia's finance ministry during the week starting September 28 to discuss potential government support for the carrier. The meetings highlight growing state concern over the financial health of the region's largest low-cost airline amid surging fuel costs. The carrier controls about 60% of the domestic aviation market and employs 26,000 workers, making its stability critical to the broader tourism sector.
