KUALA LUMPUR: The government approved a RM1bil loan as a lifeline to AirAsia
Group, according to Nikkei Asia.
It reported on Tuesday the loan will be made by a group of local banks under a government scheme to help companies deal with the fallout from the Covid-19 pandemic.
Nikkei Asia said the loan will be 80% guaranteed by the Finance Ministry, according to sources at the ministry and the airline who are aware of the plan.
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