Seeking loans: AirAsia planes are seen parked at KLIA 2. AirAsia subsidiaries in the Philippines and Indonesia have applied for bank loans from their respective existing and new lenders and are on various stages of application. — Reuters
PETALING JAYA: AirAsia Group Bhd said it is taking steps to weather the financial crunch it is going through even as its external auditors Ernst & Young raised concerns about the company’s financial statements for the financial year ended Dec 31,2019 (FY19).
In an announcement to Bursa Malaysia, the auditors issued an unqualified audit opinion due to material uncertainty relating to going concern, in view of the current economic condition and the Covid-19 pandemic.
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