Malaysia's AirAsia Group wins approval for US$120 million govt-guaranteed loan

📆 10/5/2021 1:09 PM
📰 ChannelNewsAsia

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KUALA LUMPUR : Malaysia's AirAsia Group has received approval from Danajamin Nasional Berhad for a club facility of up to 500 million ringgit (US$120 million), it said in a statement on Tuesday.The loan, 80per cent of which is guaranteed by the government, is earmarked for working capital purposes, which

KUALA LUMPUR : Malaysia's AirAsia Group has received approval from Danajamin Nasional Berhad for a club facility of up to 500 million ringgit , it said in a statement on Tuesday.

The loan, disbursed as part of a COVID-19 economic stimulus package from the government, has been approved by the airline's lenders under a club deal term financing, it said. Malaysia is looking at allowing interstate domestic travel and international travel for its citizens when 90per cent of its adult population is fully vaccinated. The rate stood at 88per cent on Monday.

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