AirAsia’s balance-sheet test

AIRASIA Group Bhd adviser Tan Sri Tony Fernandes has dismissed talk of a government rescue for the airline. But he has to convince investors that the airline’s numbers are as strong as his confidence.

The AirAsia co-founder was emphatic at a media briefing in Bangkok recently, saying there had been no discussions with Putrajaya over a bailout and that the group had more than RM1bil in liquidity.