No government guarantee on loans to any airline

Nikkei Asia had earlier reported that the government had approved a RM1bil loan as a lifeline to AirAsia Group Bhd. The agency reported that the loan would be made by a group of local banks under a government scheme to help companies deal with the fallout from the Covid-19 pandemic.

KUALA LUMPUR: The Finance Ministry has not provided any financing nor guarantee to any airline, it has clarified, refuting media reports on the matter.

Nikkei Asia had earlier reported that the government had approved a RM1bil loan as a lifeline to AirAsia Group Bhd.