KUALA LUMPUR — Malaysia's flagship budget airline AirAsia Group Bhd is seeking a government loan as the industry suffers amid the coronavirus outbreak, Bloomberg Markets reported on Thursday, citing the airline's group chief executive. The aviation tycoon Tony Fernandes said the airline was in discussion with the government for a loan to support its current cash position to ride out the challenging operating environment. Many countries have imposed travel restrictions to curb the virus spread and Malaysia is under a lockdown until April 14. AirAsia has suspended some of its international and domestic flights since March 28. Fernandes said the airline had enough cash reserves and did not need a bailout.

Source: International New York Times April 03, 2020 09:22 UTC