AirAsia founder denies state bailout talks despite insiders’ claims

AI Summary

AirAsia co-founder Tony Fernandes has denied reports of talks about a government bailout, although sources say he met Malaysia’s finance ministry to discuss potential support. The discussions come amid concerns about the airline’s finances after a sharp increase in jet fuel prices.

AirAsia co-founder Tony Fernandes met with officials from Malaysia’s finance ministry two weeks ago to discuss potential government support for Southeast Asia’s largest low-cost airline, according to three people with knowledge of the matter. The talks reflect growing government concerns about the financial health of the country’s largest domestic carrier following a spike in jet fuel prices, the people said. Discussions centred on the prospect of the government backing AirAsia’s fundraising...