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KUALA LUMPUR: The Ministry of Finance has clarified that it has not provided any financing or guarantee to any airline.
It issued the statement Tuesday to refute media reports that it provides or guarantees such financing.
Nikkei Asia had previously reported that the government approved a RM1bil loan as a lifeline for AirAsia.
Group.
The cable reported that the loan will be granted by a group of local banks under a government scheme to help companies deal with the consequences of the Covid-19 pandemic.
The funding issue has been sensitive as the government has stated that it would not bail out any airlines.
Last Saturday, Reuters reported that a group of leasing companies rejected a restructuring plan presented by Malaysia Airlines, bringing the state airline closer to a showdown over its future.
Lessors who claim to represent 70% of planes and engines leased from Malaysia Airlines have called the plan “inappropriate and fatally flawed” and vowed to challenge it, according to the Reuters report.
AirAsia X Bhd You also urgently need a massive discharge from your creditors, or be prepared to shut down your business for good.
The low-cost, medium-haul airline, which has suspended all its flights due to the Covid-19 outbreak, is asking creditors and suppliers to waive the liability of RM63bil and accept a maximum payment of RM200 thousand.
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