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CNA (Channel NewsAsia) is a Singapore-based English-language news channel. It provides global news, expert analysis, and documentaries with an Asian perspective, supported by a network of correspondents in major cities across Asia, North America, and Europe.

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AirAsia co-founder dismisses reports of financial strain, Malaysian rival airlines taking over

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AirAsia co-founder Tony Fernandes on Friday (Sep 18) dismissed as “ludicrous” reports about the airline’s financial situation. His remarks followed a Reuters report that Malaysia’s government had asked rival airlines whether they could take over AirAsia’s domestic market share as authorities carry out contingency planning and monitor the budget carrier’s financial health.

Mr Fernandes also said reports about refinancing were related to efforts to lower operating costs, adding that the airline was planning further expansion. “This is not an airline that's in trouble if we're continuing to expand this way,” he said. #airasia

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