AirAsia Group expects 'clarity' on fundraising in 2-3 months

Malaysian budget airline AirAsia Group expects clarity on its fundraising efforts in the next two to three months, as the company continues talks with prospective funders, its CE said Friday. AirAsia has been looking to raise up to 2.5b ringgit ($608.42m) to weather the pandemic-induced slump in global travel, initially aiming to secure the funds by the end of last year. The airline said last month that it expects to secure 1b ringgit in loans from three Malaysian banks pending regulatory approvals. “Everything that we’ve discussed is ongoing and our timeline is over the next two or three months, you’ll be able to see all of it coming to fruition,” Group CE Tony Fernandes said at the launch of its fintech platform offering financial products. He also said fundraising efforts for the group’s digital business was going well.<br/>