Airasia taking all necessary steps to address PN17 status


AirAsia Group chief executive officer Tan Sri Tony Fernandes

KUALA LUMPUR: AirAsia Group Bhd (AAGB) is in the midst of formulating a plan to regularise its financial condition in order to address its Practice Note 17 (PN17) status and relevant announcements will be made in due course.

Group chief executive officer Tan Sri Tony Fernandes said AirAsia’s robust and diverse company portfolios will allow it to fast track the regularisation of its financial position and has affirmed the strong viability of its business moving forward.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
AirAsia , Tony Fernandes , PN17 , RCUIDS

Next In Business News

MN Holdings secures RM293.9mil DC infrastructure contracts
Infomina secures RM22mil five-year contract from Panasonic Digital
Astral Asia receives RM2.34mil deposit for Pahang solar farm project
IJM Corp secures RM1.23bil manufacturing facilities project in Kulim
LAC Med secures 7-year integrated medical imaging solutions contract of up to RM20mil with Health Capitol
FBM KLCI closed marginally higher
Swift Energy secures purchase orders totalling RM59mil
IOIPG REIT inks underwriting agreement with six banks for IPO
RAM Holdings announces group CEO retirement, leadership succession
Malaysia Airlines inks collaborations to facilitate India growth

Others Also Read