AIRAsia Group Bhd’s attempt to extend the respite period from being classed as a Practice Note 17 (PN17) business was unsuccessful. As a result, the low-cost carrier is now classified as a PN17 corporation (company that is in financial distress).
I pray that AirAsia will be able to get through this difficult time. Letting it fail is not an option for us as Malaysians. It is one of our nation’s best success stories.
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