News


AirAsia Group Berhad ("AAGB" Or The "Company") - Clarification in Relation To the Article In The New Straits Times On 6 October 2021 Entitled "RM500 Mil Loan A Breathing Space, Leeway For AirAsia Group, Says Public Invest"

BackOct 06, 2021
Type Announcement
Subject OTHERS
Description

AIRASIA GROUP BERHAD ("AAGB" OR THE "COMPANY") - CLARIFICATION IN RELATION TO THE ARTICLE IN THE NEW STRAITS TIMES ON 6 OCTOBER 2021 ENTITLED "RM500 MIL LOAN A BREATHING SPACE, LEEWAY FOR AIRASIA GROUP, SAYS PUBLIC INVEST"

We refer to the article published in the New Straits Times (“NST”) today, 6 October 2021, entitled “RM500 mil loan a breathing space, leeway for AirAsia Group”, in relation to the approval received from Danajamin Nasional Berhad (“Danajamin”) via AAGB’s lenders for a term financing of up to RM500 million (“PRIHATIN Facility”).

 

We note that most of the content in the article was extracted by NST from Public Investment Bank Berhad’s research report, and as such, AAGB wishes only to confirm the following statements which were extracted by NST from AAGB’s press release entitled “AirAsia Group Berhad Receives Approval from Danajamin Nasional Berhad for a Club Facility of up to RM500 million under the Danajamin Prihatin Guarantee Scheme” dated 5 October 2021, as follows: 

 

"The guarantee from the government of Malaysia via Danajamin/SJPP is a strong signal of support for AirAsia as the group gears up to ensure it is in a robust position to once again serve the nation and the communities it operates to, playing a key role in rebuilding the economy, as the country emerges from the Covid-19 pandemic.”

 

“The financing was earmarked for working capital purposes, which would support staff costs and essential operating expenses such as aircraft maintenance as AirAsia prepares to ramp up its operations leading up to the re-opening of interstate and international borders soon.”

 

The Company received the approval from Danajamin via its lenders for the 80% guarantee to be provided to the PRIHATIN Facility on 29 September 2021. At this juncture, the Company is in the midst of finalising and executing the transaction documents relating to the transaction. 

 

This announcement is dated 6 October 2021.





Announcement Info

Company Name AIRASIA GROUP BERHAD
Stock Name AIRASIA
Date Announced 06 Oct 2021
Category General Announcement for PLC
Reference Number GA1-06102021-00093