KUALA LUMPUR: The half-a-billion ringgit loan secured by AirAsia Group Bhd (AAGB) is expected to provide it with sufficient liquidity and working capital to ramp up its operations once interstate and international borders reopen.
PublicInvest Research in a report yesterday said the approval from the Malaysian government is a welcome boost to the group’s overall fundraising strategy to address its cashflow requirements.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
