Malaysian budget carrier AirAsia Group Bhd on Thursday said it was in talks to secure financing of over 1 billion ringgit ($234.52 million), a day after its auditor cast doubt on its ability to continue as a going concern due to the coronavirus-led travel slump.
“We have been presented with proposals in various forms of capital raising, be it debt or equity, and are in ongoing discussions with numerous parties, including investment banks, lenders, as well as interested investors in seeking a favourable outcome for the group,” the airline said in a statement.
