Malaysia Hires Adviser to Assess AirAsia Funding Needs
Malaysia has hired Alton Aviation Consultancy to evaluate AirAsia funding requirements amid mounting financial pressure. The budget carrier seeks fresh capital as it faces high liabilities and restructuring efforts.
Malaysia's finance ministry hired Alton Aviation Consultancy to assess AirAsia's funding needs amid mounting financial pressure. The appointment signals the government is weighing potential support for the budget carrier based on public interest. AirAsia reported a net loss of 831 million ringgit ($205 million) for the second quarter.
