AirAsia Group on firmer position after securing RM500m loan

  • 📰 staronline
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 75%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

KUALA LUMPUR: AirAsia Group Bhd (AAGB) has received the approval from Danajamin Nasional Berhad (Danajamin) for an 80% guaranteed loan of up to RM500mil, which will put the low-cost carrier on a firmer position to boost its operations.

AAGB said there will be a guarantee to be provided for the club facility by Danajamin via Syarikat Jaminan Pembiayaan Perniagaan , a unit of the Ministry of Finance. has received the approval from Danajamin Nasional Berhad for an 80% guaranteed loan of up to RM500mil, which will put the low-cost carrier on a firmer position to boost its operations.

The guarantee from the Government of Malaysia via Danajamin/SJPP is a strong signal of support for AAGB as the Group gears up to ensure it is in a robust position to once again serve the nation and the communities it operates to, playing a key role in rebuilding the economy, as the country emerges from the Covid-19 pandemic.

AirAsia’s executive chairman, Datuk Kamarudin Meranun, said:"AirAsia has been a major contributor to the Malaysian economy by providing connectivity to facilitate tourism, trade and investment activities. “This approval from the Malaysian government is a strong endorsement of AirAsia Group’s ability to recover fast and provides a welcome boost to our overall fundraising strategy as we prepare to return to the skies in all of our key markets.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Airasia Goin to die sumore gomen provides loans.

Hmmmm small business nk buat loan punyalah ssh...co yg besar2 ni senang je n AirAsia ni dulu lah yg nk pindahkan HQ Nye ke Indon n now minta tolong danajamin plk...wth is wrong here...

Burn off in 2 months flat

Loan?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AirAsia Group wins approval for RM500m govt-guaranteed loanThe loan is for working capital purposes. ezrani711 Without gov't guaranteed, AirAsia closed shop long ago but anyway it's highly gear as once passengers loads reduced it can really fly kite and gov't money will be dissipated...you should know how govt money derived from mostly. A Drop in the heavy laden debt company
Source: malaysiakini - 🏆 20. / 51 Read more »

AirAsia Group wins approval for RM500m govt-guaranteed loanThe loan is for working capital purposes. ezrani711 Without gov't guaranteed, AirAsia closed shop long ago but anyway it's highly gear as once passengers loads reduced it can really fly kite and gov't money will be dissipated...you should know how govt money derived from mostly. A Drop in the heavy laden debt company
Source: malaysiakini - 🏆 20. / 51 Read more »